The CSRC Said That It Will Carry out Special Governance Work for Sound Securities and Futures Fund Operators from Now on
The China Securities Regulatory Commission (CSRC) said on August 6 that it will carry out special governance work for sound securities and futures fund operators from now on. The CSRC has specially formulated a work plan for sound governance of securities and futures fund operators, and will subsequently organize industry self-examinations and on-site inspections to effectively enhance the endogenous momentum of optimizing corporate governance, form a long-term mechanism, and solidify the foundation for high-quality corporate development.
The special governance for the current industry institutions weaknesses in corporate governance," said the SFC, focusing on the following four aspects of work: the
First, improve the system of rules. Based on the "Securities Law" "Securities Investment Fund Law", amend or develop rules and systems such as equity management regulations, internal control measures, public fund managers approach, senior management approach.
Second, continue to improve the administrative supervision system. Around the core issue of enhancing the effectiveness of institutional supervision, adhere to scientific supervision, classification supervision, professional supervision and continuous supervision.
Third, to build an effective modern corporate governance system. Strengthen shareholder penetration management, urge industry institutions to strictly implement comprehensive risk management and full compliance requirements, and effectively improve the level of internal control compliance.
Fourth, gradually improve the market discipline system. Improve the information disclosure system, and urge industry institutions to ensure that information disclosure is true, accurate and complete; explore the establishment of a practice quality evaluation system to improve the transparency of practice.
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