B · Normal
[China Securities Association: Increase internal inspections of key links in key businesses such as investment banking and bond trading] On September 14, reporters learned from relevant channels that the China Securities Association is soliciting opinions from the industry on the revision of the "Implementation Rules for the Integrity of Securities Business Institutions and Their Staff" (hereinafter referred to as the "Details"). The "Detailed Rules" improve the supervision mechanism for honest employment. The first is to clarify the collaborative supervision mechanism. Securities business institutions are required to designate specialized departments to take the lead in supervising the practice of integrity, establish and improve working mechanisms for information sharing, joint inspections, and rectification supervision with disciplinary inspection and supervision, compliance, risk control, auditing, finance, human resources and other departments to give full play to the synergy of supervision. The second is to strengthen internal supervision. Encourage the establishment and improvement of an internal reporting mechanism for integrity risks and violations, promptly rectify violations found and hold the corresponding responsibilities accountable, and protect the legitimate rights and interests of internal reporters. The third is to require greater internal inspections of key business areas such as investment banking, bond trading, and brokerage, as well as key links such as marketing activities.
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