证监会发布，事关行政执法当事人承诺制度

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced amendments to the implementation regulations of the administrative enforcement commitment system, which will take effect on February 1, 2026, aiming to enhance the conditions for acceptance, standardize procedures, and improve the effectiveness of investor protection [1][2]. Group 1: Key Aspects of the Decision - The decision includes three main areas: improving acceptance conditions, refining processing procedures, and strengthening integrity constraints on parties involved [2]. - Specific conditions under which the CSRC will not accept applications for the administrative enforcement commitment include refusal to cooperate with investigations, inability to pay commitment fees, being listed as a serious credit offender, and having previously utilized the commitment system within the last year [2]. - The decision clarifies the execution standards for necessary investigations, application material requirements, correction procedures, and internal consultation processes [2]. Group 2: Impact and Future Directions - Since its implementation in 2021, the administrative enforcement commitment system has effectively played a comprehensive role in remedying, punishing, educating, and resolving market disputes, receiving positive evaluations overall [3]. - The amendments are expected to further enhance the system's role in protecting investors' rights, maintaining market order, and improving administrative enforcement efficiency [3]. - The CSRC plans to ensure the effective implementation of the decision to protect investors' legitimate rights and promote high-quality development of the capital market [3].