证监会发布《期货公司分类评价规定》

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised the "Regulations on the Classification of Futures Companies" to enhance the regulatory framework and improve the allocation of regulatory resources in the futures industry [2][3]. Summary by Sections Overall Revision Approach - The revision emphasizes a goal-oriented approach to better reflect the compliance and risk control capabilities of futures companies, thereby improving regulatory effectiveness and guiding companies towards compliant and stable operations [2]. - It aims for coordination and uniformity by standardizing the scoring criteria and logic for both deductions and additions [2]. - The process has been simplified by removing and streamlining certain indicators, optimizing the evaluation process, and reducing the burden on the industry [2]. Key Changes in Regulations - The title of the regulations has been changed from "Regulations on the Classification of Futures Companies" to "Regulations on the Classification Evaluation of Futures Companies" [3]. - A refined deduction mechanism has been established, which bases deductions on effective regulatory measures, eliminates duplicate deductions, and sets reasonable deduction gradients [3]. - The addition system has been optimized, with the service capacity for the real economy being enhanced and the market competitiveness indicators adjusted into three major categories with nine specific indicators [3]. - Certain indicators have been removed, including "weighted adjusted average daily institutional client equity," "cost management capability," and "return on net assets," to better align with industry development [3]. - Special evaluations have been consolidated into three areas: service to national strategies, party building and cultural development, and information technology development [3]. - Special incentives have been adjusted to reward companies that cooperate with regulatory bodies in risk management, maintain compliance over three evaluation periods, and merge with other futures companies [3]. Public Feedback and Implementation - Prior to the revision, the CSRC solicited public opinions on the regulations, receiving general approval for the main ideas and content [3]. - The CSRC has carefully considered feedback and made appropriate modifications to the regulations, ensuring a comprehensive approach to implementation [3].