Measures for supervision and management of futures companies

On June 17, China Securities Regulatory Commission revised and promulgated measures for the supervision and management of futures companies. The measures covered 9 chapters and 119 articles and in comparison with the trial version, new measures: Improve the qualifications of major shareholders, especially controlling shareholders and the first largest shareholders of futures companies. Define the relevant requirements for the duration and profitability of the going concern; increase the investment funds, the relevance of the main business and the ability to operate. Increase the regulatory requirements of related party transactions between shareholders, actual controllers and other related parties; Futures companies mustRead More →

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