[Regulations require that securities companies and fund research fees shall not be paid by transaction commission transfers and shall not be compensated in disguised form by allocating points to warehouses] On October 19, reporters learned that the supervision department recently issued a notice to securities companies and fund companies stating that some securities companies have violated regulations and are responsible for overseas research expenses for fund companies. In response to this situation, the supervision reiterated that securities companies and fund companies should comply with relevant requirements: first, strictly abide by transaction fee management regulations, and shall not use transaction commissions to transfer fees for expert consultation, research intermediaries, conferences, tickets, air tickets, accommodation, etc. that should be paid by themselves, and shall not compensate in disguised ways by increasing commission sharing ratios, increasing warehouse distribution points, committing to transaction volume, etc.; second, Strengthen the management of the entire research process, implement "one report for each incident, one group for each file" to ensure that the travel process is true, reasonable and traceable; third, implement the financial management system, and shall not use false names and other means to detour to provide financial support for activities that exceed quotas, exceed regulations, and violate laws and regulations; fourth, continue to consolidate the cultural foundation of the industry, and it is strictly prohibited to participate in activities that violate public order and good customs and the industry's integrity requirements. Each institution must conduct self-examination and self-correction, refund excessive or inappropriate expenses, and conduct internal accountability. Supervision will include the use and management of transaction commissions as key points of annual on-site inspections. (Reporter Lin Jian)