Core Viewpoint - The China Securities Association has released the "Management Rules for Directors, Supervisors, Senior Management, and Practitioners of Securities Companies," which innovates self-regulatory management by focusing on professional reputation as a core incentive and constraint mechanism [1] Group 1: Management Rules Overview - The "Management Rules" consists of nine chapters and forty-eight articles, clarifying the ethical conduct and professional competence requirements for directors, supervisors, senior management, and practitioners of securities companies [1] - It establishes a professional registration and reputation management system for these personnel, enhancing the regulations on prohibited behaviors and basic conduct norms [1] - The rules emphasize the importance of both negative behavior constraints and positive behavior advocacy [1] Group 2: Registration and Supervision - The registration management system shifts from pre-qualification management to a focus on professional standards and conduct during and after employment, allowing companies to assess the qualifications of prospective employees based on comprehensive evaluations [2] - Companies are required to conduct thorough investigations into the employment history, conduct, and integrity of potential hires before allowing them to practice [2] - The China Securities Association will maintain a classification management list based on practitioners' conduct, professional competence, and any disciplinary actions taken against them, categorizing them into three lists: A (specialized business personnel), B (those who do not meet basic competency requirements), and C (those penalized in the last three years) [2] Group 3: Future Developments - The China Securities Association plans to release additional rules regarding competency testing, training, and reputation management in the near future [3]

近日，中国证券业协会组织起草了《证券公司董事、监事、高级管理人员及证券从业人员投资行为管理指引（试 行）（征求意见稿）》，向行业征求意见。这是中证协针对从业人员投资行为管理专门出台的规则，行业自律管 理"严"的氛围进一步加强。 对于证券从业人员投资行为管理，《证券业从业人员执业行为准则》明确，禁止从业人员直接或以化名、他人名义 持有、买卖股票或其他具有股权性质的证券；禁止从业人员利用内幕信息、未公开信息进行证券交易，或明示、暗 示他人从事相关交易。《证券经营机构及其工作人员廉洁从业实施细则》要求，证券经营机构建立从业人员投资行 为管理制度等。《指引》出台意味着对从业人员投资行为的管理将更加全面完整、更成体系，也更加严格。 如《指引》要求证券公司人员管理和行为管理全覆盖。在人员管理方面，即便是从事党务工作、辅助支持业务、综 合管理业务的相关人员含借调人员也要纳入管理。在行为管理方面，要求有效覆盖投资申报、登记、审查监测、核 查、处置、惩戒、报告、检查等全部流程和各个环节，实现全方位管理。 《指引》要求监管落实落细。券商应当明确监测的范围与标准，通过对从业人员的手机号码、办公电脑MAC地址、 公司网络IP地址等关 ...