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Core Viewpoint - The release of the "Whistleblower Reward Work Regulations" by the China Securities Regulatory Commission (CSRC) and the Ministry of Finance aims to enhance the whistleblower system, promote a culture of accountability, and strengthen regulatory oversight in the securities and futures markets [2]. Summary by Sections Definition of Whistleblower - A "whistleblower" is defined as an individual or entity that is aware of securities and futures violations, possesses evidence, and is willing to take responsibility to protect investors' rights by reporting such violations to the CSRC [5]. Reward Conditions - The regulations have expanded the criteria for rewards, including serious cases that disrupt market order, threaten financial security, or infringe on investors' rights. The threshold for rewardable cases has increased from 100,000 yuan to 1 million yuan [6]. - The reward percentage has been raised from 1% to 3% of the penalties collected, with the maximum reward for significant violations increasing from 100,000 yuan to 500,000 yuan. For cases with nationwide impact or involving substantial amounts, the maximum reward has been unified to 1 million yuan [6]. Processing Requirements - The regulations establish strict processing requirements, ensuring fair handling, confidentiality, and protection of whistleblower rights. Specific channels for reporting and responsibilities for processing have been clarified [7]. - Whistleblowers can check the status of their reports through an online platform, but the processing units are not required to provide detailed feedback [7]. Protection Mechanisms - The identity of whistleblowers will be managed anonymously, and any use of their personal information for verification or reward purposes will require proper registration [7]. Supervision and Accountability - A mechanism for accountability has been established to address negligence or misconduct by staff handling whistleblower reports. Those failing to perform their duties or engaging in corruption may face legal consequences [8]. - The introduction of these regulations has been positively received, with stakeholders believing that they will encourage whistleblowers to report violations, thereby maintaining market order and promoting high-quality development in the capital markets [8].