证监会拟出台衍生品交易监管办法 促进市场规范健康发展

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is seeking public opinion on the draft of the "Supervision and Administration Measures for Derivative Transactions (Trial) (Draft for Comments)" to enhance the regulation and development of the derivatives market in accordance with national policies and laws [1][2]. Group 1: Regulatory Framework - The draft aims to implement the requirements of the "Opinions on Strengthening Regulation, Preventing Risks, and Promoting High-Quality Development of Capital Markets" issued by the State Council [1]. - The draft outlines the regulatory scope, including all derivative transactions and related activities under CSRC's jurisdiction [2]. - It emphasizes the role of derivatives in risk management, resource allocation, and serving the real economy [1][2]. Group 2: Key Provisions - The draft specifies the conditions and procedures for developing derivative contracts [2]. - It establishes basic trading rules for various types of derivative contracts and a performance guarantee system [2]. - The draft includes standards for the suitability of traders and enhances monitoring and cross-market regulation of derivatives [2]. Group 3: Market Infrastructure and Oversight - The draft strengthens the regulation of derivative trading venues, clearing institutions, and reporting databases [2]. - It outlines prohibitive and restrictive requirements for derivative trading activities [2]. - The draft also clarifies supervisory management and legal responsibilities related to derivatives [2].