《证券期货市场监督管理措施实施办法》出台

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has established the "Implementation Measures for Supervision and Administration of Securities and Futures Markets," which will take effect on June 30, 2026, to standardize the procedures for implementing regulatory measures in the securities and futures markets [1] Group 1: Types of Regulatory Measures - The implementation measures specify 14 common types of regulatory actions, including orders for correction, regulatory talks, issuance of warning letters, and orders for periodic reporting [1] - The measures also include a catch-all provision for other supervisory and management measures as stipulated by laws, administrative regulations, and CSRC rules [1] Group 2: Principles of Implementation - Regulatory measures must adhere to principles of legality, efficiency, and fairness, ensuring compliance with legal and regulatory procedures [1] - The measures emphasize timely correction of illegal activities, prevention of risk spread, and a combination of risk control and education [1] - Decisions should be based on facts and proportionate to the nature, circumstances, severity, and risk level of the behavior [1] Group 3: Procedural Requirements - The measures outline general procedural requirements for evidence collection, decision-making, delivery, on-site enforcement, recusal, and legal review [1] - Special procedural requirements include prior notification and a rapid response mechanism for urgent situations [1] Group 4: Decision-Making and Execution Requirements - The regulatory decision documents must specify certain items, public disclosure requirements, and delivery procedures [1]