Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced the "Whistleblower" reward regulations to enhance the reporting of securities and futures violations, reflecting a commitment to protect investors' rights and improve market integrity [1][2]. Group 1: Regulation Changes - The name of the regulation has been changed from "Interim Provisions on Reporting Violations in Securities and Futures" to "Whistleblower Reward Regulations for Securities and Futures Violations" to better reflect the spirit of justice and professional characteristics [2]. - The revised regulations include improved reward conditions, significantly increased reward standards, and enhanced protection mechanisms for whistleblowers [2][3]. Group 2: Reward Standards - The conditions for rewarding whistleblowers have been expanded, with the threshold for serious cases raised from 100,000 yuan to 1 million yuan [3]. - The reward percentage has increased from 1% to 3% of the penalties imposed, with the maximum reward for providing significant leads raised from 100,000 yuan to 500,000 yuan [3]. - For cases with nationwide significance or involving substantial amounts, the maximum reward has been unified and increased to 1 million yuan [3]. Group 3: Protection Mechanisms - The regulations emphasize strict confidentiality and protection of whistleblower identities, requiring registration for any contact that involves personal information [4][5]. - There are strict rules against retaliation, including violence, coercion, or any form of harassment against whistleblowers [6][7]. - Companies that retaliate against whistleblowers will face legal consequences, and there are mechanisms in place to hold accountable those who fail to act on the leads provided by whistleblowers [7].
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Jin Rong Shi Bao·2026-01-10 04:08