中证协自律管理职能“再升级”

Core Viewpoint - The China Securities Association (CSA) has officially revised and released the "Implementation Measures for Self-Disciplinary Measures" to enhance self-regulatory management responsibilities and improve the effectiveness of self-regulatory inspections and measures [1][2]. Group 1: Background and Context - Since the establishment of the "separation of investigation and review" system for self-disciplinary penalties in late 2019, the CSA has seen improvements in the normative, scientific, fair, and transparent nature of self-regulatory measures, but there is still a need to optimize case handling efficiency and professionalism [1]. - New requirements from the China Securities Regulatory Commission (CSRC) emphasize the need for better coordination between self-regulatory inspections and administrative supervision to enhance regulatory effectiveness [1]. Group 2: Key Aspects of the Revision - The revision focuses on three main areas: 1. Integrating self-regulatory inspections with business management to enhance the autonomy and flexibility of inspections and improve case handling quality [2]. 2. Streamlining the connection between self-disciplinary penalties and case reviews to ensure fair and efficient case processing [2]. 3. Improving the standards for self-regulatory inspections and penalties by clarifying procedures and enhancing coordination with administrative supervision [2]. Group 3: Implementation and Future Steps - The "Implementation Measures" consists of eight chapters and ninety-three articles, ensuring comprehensive content, clear structure, and strong operability [3]. - The CSA plans to promote the implementation of these measures, continuously improve self-regulatory management mechanisms, and regularly publish typical cases to guide the industry towards a more standardized and vibrant development ecosystem [3].