证监会修订行政执法当事人承诺制度，进一步明确受理条件！

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced modifications to the "Implementation Regulations of the Administrative Law Enforcement Commitment System for Securities and Futures" which will take effect on February 1, 2026, aimed at enhancing the enforcement of securities and futures laws and protecting investor rights [1][2]. Group 1: Implementation of the Commitment System - The Administrative Law Enforcement Commitment System allows the CSRC to terminate investigations if the involved parties commit to rectifying violations and compensating affected investors, thus serving as a new enforcement mechanism [1][2]. - The system has been positively evaluated for its comprehensive role in remedying, punishing, educating, and resolving market disputes, reflecting the political and public nature of capital market regulation [2]. Group 2: Modifications to Acceptance Conditions - The modifications specify conditions under which the CSRC will not accept applications for the commitment system, including refusal to cooperate with investigations, inability to pay commitment fees, being listed as a serious credit defaulter, and prior use of the system within the last year [3]. - The decision also clarifies the execution standards for necessary investigations and improves the requirements for application materials and internal consultation procedures [3]. Group 3: Strengthening Integrity Constraints - The decision enhances the integrity requirements for parties involved, stating that malicious delays or leaks of information during the commitment process will be treated as violations of good faith principles [3]. Group 4: Future Implementation - The CSRC will focus on effectively implementing the decision to protect investor rights and promote high-quality development in the capital market [5].