[Transaction external rectification will be carried out in two phases, and existing non-compliant accounts will be cleared before the end of 2026] On September 2, the "Securities Company Transaction Information System Access Management Specifications (Trial)" was officially implemented on August 28. Reporters have learned from various sources that the supporting rectification work after the implementation of the new regulations will be carried out in two phases. The rectification system will be carried out in an orderly manner in conjunction with local supervision. Industry insiders predict that all rectification work is expected to be completed by 2028. The first phase is the inventory compliance cleanup phase, which will be completed before the end of 2026. Brokerages need to fully close existing access accounts that do not meet the requirements, and make it clear that general legal persons and natural persons are not allowed to access; at the same time, they must penetrate and verify the full amount of information on customer identities, corresponding products, and external information systems to ensure that the transaction information system access is legal and compliant across the entire chain, and form a formal due diligence report. In addition, the core of this stage is to prevent various types of evasion of supervision, such as disguised access, and simultaneously promote the preparatory work for filing. Brokerages that plan to apply for external business in the future need to submit a special report, and brokers without relevant business plans need to submit a situation explanation. The second stage is the system construction and upgrading stage. The specific requirements include at least: first, establishing or appointing a special committee at the company level to be responsible for reviewing and approving important institutional rules related to the access of the trading information system; second, establishing and improving a special monitoring system or functional module for the access of the trading information system, and incorporating it into the abnormal trading monitoring system of the securities brokerage business, and the relevant monitoring standards shall not be lower than the existing monitoring requirements for abnormal transactions of the securities brokerage business. (Reporter Lin Jian)