证监会发布，事关行政执法当事人承诺制度

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a decision to amend the implementation regulations of the administrative enforcement commitment system, which will take effect on February 1, 2026, aiming to enhance the enforcement of securities and futures laws and protect investors' rights [1][2]. Group 1: Key Aspects of the Decision - The decision improves the acceptance criteria for applications under the administrative enforcement commitment system, specifying conditions under which applications will not be accepted, such as refusal to cooperate with investigations or being listed as a serious credit offender [2]. - The decision clarifies the procedural standards for handling applications, including requirements for application materials and internal consultation processes [2]. - The decision strengthens the integrity constraints on parties involved, stating that any malicious delay or breach of confidentiality during the commitment process will be subject to penalties [2]. Group 2: Impact and Future Directions - Since its implementation in 2021, the administrative enforcement commitment system has effectively served multiple roles, including relief, punishment, education, and conflict resolution in the market, receiving positive evaluations overall [3]. - The CSRC emphasizes that the amendments will further enhance the system's effectiveness in protecting investors' rights and maintaining market order, contributing to the high-quality development of the capital market [3].