事关衍生品交易监管 证监会公开征求意见

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has drafted the "Supervision and Management Measures for Derivative Trading (Trial) (Draft for Comments)" to promote the standardized and healthy development of the derivatives market, inviting public feedback on the proposal [1][4]. Group 1: Regulatory Framework - The draft outlines the risk management, resource allocation, and service functions of the derivatives market, as well as the basic principles for participating in derivative trading activities [4]. - It specifies the development conditions and procedures for derivative contracts, basic trading rules for various derivative contracts, performance guarantee systems, and suitability standards for traders [4]. Group 2: Monitoring and Compliance - The draft enhances monitoring and cross-market regulation of derivatives, clarifying prohibitive and restrictive requirements for derivative trading [4]. - It strengthens the regulation of derivative operating institutions and the supervision of derivative trading venues, clearing institutions, and trading report databases [4]. Group 3: Market Impact - Derivative trading, which includes swap contracts, forward contracts, and non-standard options contracts, plays a positive role in risk management, resource allocation, and serving the real economy [4]. - The CSRC welcomes feedback from all sectors of society on the draft, indicating a commitment to refining the proposal based on public input before implementation [1][4].