金改前沿｜“专业、效率、成本”三个关键词解读上海证券期货仲裁新规

Core Viewpoint - The establishment of the new securities and futures arbitration rules in Shanghai aims to enhance the dispute resolution mechanism in China's capital market, aligning with its transition to a high-quality development phase [1][3]. Group 1: New Arbitration Rules - The newly released arbitration rules will be implemented on March 1, 2026, and are designed to address the shortcomings in the current dispute resolution mechanisms within the capital market [1][4]. - The rules aim to create a "professional, efficient, flexible, and economical" arbitration system for securities and futures [2]. Group 2: Focus on Investor Protection - The rules include a 50% fee reduction for companies listed on the Sci-Tech Innovation Board, specifically aimed at easing the financial burden on small and medium investors [2]. - Special fee reduction policies are also established for certain types of cases involving the protection of small and medium investors' rights [2]. Group 3: Professionalism and Efficiency - The rules will introduce a list of specialized arbitrators to ensure high professional standards in handling increasingly complex financial products [2]. - The arbitration process will be optimized with the introduction of a unique arbitration investigation order system and the acceptance of administrative penalties and judicial documents as evidence [2]. Group 4: Achievements of the Arbitration Center - In its first year, the Shanghai Securities and Futures Arbitration Center handled 1,328 financial cases with a total dispute amount of 17.778 billion, of which 645 cases were related to securities and futures, accounting for 48.6% of the total [4]. - The center achieved a "zero revocation" rate in handling complex cases, including those involving listed companies and financial derivatives [4].