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 clarify acceptance conditions and standardize procedures for handling cases of suspected securities and futures violations [1][2]. Group 1: Key Aspects of the Decision - The decision enhances the acceptance conditions for the administrative enforcement commitment system, specifying scenarios where applications will not be accepted, such as when the party obstructs investigations or lacks the ability to pay the commitment fee [2]. - It improves the handling procedures by clarifying the standards for necessary investigations, application material requirements, and internal consultation processes [2]. - The decision strengthens the integrity constraints on parties involved, stating that malicious delays or leaks of information during the commitment process will be treated as violations of integrity principles [2]. Group 2: Impact and Future Directions - Since its implementation in 2021, the administrative enforcement commitment system has effectively played a comprehensive role in remedying, punishing, educating, and resolving market disputes, receiving positive evaluations overall [3]. - The recent amendments are expected to further enhance the system's effectiveness in protecting investors' rights, maintaining market order, and improving administrative enforcement efficiency [3].
证监会发布!事关行政执法当事人承诺制度
券商中国·2025-12-31 14:38