中国证监会，最新发布！2026年6月30日起施行

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has developed the "Implementation Measures for Supervision and Management of Securities and Futures Markets," which will take effect on June 30, 2026, to enhance regulatory measures and ensure compliance with legal frameworks [1]. Group 1: Overview of the Implementation Measures - The "Implementation Measures" consists of 25 articles that outline various types of regulatory measures, including 14 common measures such as orders for correction, regulatory talks, warning letters, and mandatory periodic reporting [2]. - The principles for implementing regulatory measures include legality, efficiency, and fairness, ensuring that actions are based on facts and proportional to the nature and severity of the violations [2][3]. - The procedures for implementing regulatory measures include requirements for evidence collection, decision-making, delivery, on-site enforcement, and special procedures for urgent situations [2]. Group 2: Specific Regulatory Measures - The regulatory measures include orders for correction, regulatory talks, issuance of warning letters, and other actions aimed at correcting illegal behaviors and preventing market risks [6][7]. - The implementation institutions must document the evidence collection, decisions, and delivery of regulatory measures, ensuring transparency and accountability [8]. - The measures can be applied individually or in combination, depending on the circumstances of the violations [8]. Group 3: Decision-Making and Execution - Regulatory decisions must be made within six months of initiating the procedure, with possible extensions under special circumstances [9]. - If a violation is not discovered within two years, no regulatory measures will be taken unless specified otherwise by laws or regulations [10]. - The implementation institutions must ensure that the regulatory measures are legally reviewed and documented in a decision letter that includes essential details such as the basis for the measures and the rights of the parties involved [12][13].