The Listing Of Options And Futures Should Be Approved By The SFC.
The abolition of examination and approval refers to the "listing, modification or termination of contracts" of securities trading varieties and futures trading places.
"The stock options listed on the stock exchange shall be approved by the SFC."
In reference to Guo Fa No. 11, the new paction variety listed on the stock exchange does not require the approval of the SFC, and the spokesman for the securities and Futures Commission, Deng Ge, said on 20.
Deng Ge pointed out that in February this year, the State Council issued the decision of the State Council on cancelling and adjusting a number of administrative examination and approval items, and abolished the administrative licensing examination and approval project of the new paction variety approval of the stock exchange. The setting of the project is based on the thirteenth provision of the "certificate exchange management method", that is, "the new securities trading variety on the stock exchange should be submitted to the CSRC for approval".
Therefore, the cancellation of the stock exchange
list
The new paction variety approval, the paction type here refers to the variety of securities pactions.
Deng Ge said,
stock exchange
To carry out stock option trading, we should abide by the relevant laws and regulations such as the securities law, the regulations on the management of futures trading, and the administrative measures for the pilot of stock option pactions issued by the Securities Regulatory Commission.
Among them, the thirteenth provision of the regulations on futures trading management stipulates that the types of pactions listed on futures exchanges shall be approved by the futures regulatory authority of the State Council.
The eighty-fifth provision provides that "futures trading in the trading place approved by the futures regulatory authority of the State Council outside the futures exchange shall be implemented in accordance with the relevant provisions of this regulation".
"
shares
The fifth provision for the pilot management of options trading stipulates that "stock exchanges can carry out stock option pactions with the approval of the China Securities Regulatory Commission, and the listing, suspension, cancellation or restoration of stock option trading varieties shall be approved by the China Securities Regulatory Commission."
The twenty-sixth provision stipulates that when the stock exchanges and securities registration and clearing institutions carry out the stock option trading and settlement business, the relevant business activities shall be carried out according to the relevant regulatory requirements and legal responsibilities of futures exchanges for futures exchanges in accordance with the regulations on the management of futures trading.
According to Guo Fa No. 11, it is mentioned that the futures exchange listing, modifying or terminating the contract does not require the approval of the securities and Futures Commission, and whether the futures exchanges need to approve the futures market, Deng Ge said that the thirteenth regulation of the futures trading regulation stipulates that "futures exchanges do the following matters, which shall be approved by the futures regulatory agency of the State Council", including the "listing, suspension, cancellation or resumption of trading varieties" and "listing, modification or termination of contracts"; and the document No. 11 issued by the State Council only abolished the examination and approval matters of the SFC for futures trading venues to "market, modify or terminate contracts".
"We believe that it is still the responsibility of the SFC that the law is entrusted to the securities and Futures Commission for the listing, suspension, cancellation or resumption of trading varieties in futures trading venues."
Deng Ge said.
- Related reading
- Chamber of Commerce | China Textile Industry Federation'S First Link Educational Practice Has Been Carried Out In An Orderly Way.
- City Express | Recently: The Traditional Market Of China Textile City Is Off Season.
- Popular this season | Mashup Season Smart Wear Through The Beauty Of Modeling.
- Local hotspot | The Second Asia Europe Silk Road Has Become A Truly Asian Eurasian Fashion Festival.
- Local hotspot | Traditional Department Stores Face New Challenges. The One-Stop Shopping Era Is Coming.
- Fashion item | The Beauty Of The Dress Is Beautiful.
- Recommended topics | Costume Revolution Starts From Fabric, Fabrics And Garments Win Hands Together.
- City Express | Textile And Textile Building Opens Up A "Fabric Information Department".
- Fashion brand | BCBG Max Azria Is Developing Steadily In The Fashion Industry.
- Global Perspective | Clothing Industry Has Been Greatly Encouraged By Rising Consumer Confidence In The UK
- The RMB Exchange Rate Has Risen More Than 500 Points This Week.
- China Will Usher In A New Policy Easing Window
- Central Bank Cut Interest Rates: Pay Attention To Five Points For Financial Insurance Insurance
- Small Suits And Fashionable Collocations Show The Beauty Of The City.
- The Charm Of White Shirts Will Definitely Make You Earn A Good Turn.
- Spring Shows Thin Stripes T Medium And Short Are Suitable.
- Wave Point Elements Are Popular In Spring And Create A Sense Of Perfect Quality.
- The Lady's Skirt Is Recommended By The Hot Summer.
- 怎樣挑選一雙舒適又美膩的高跟鞋?
- Shandong's Foreign Trade Rises And Exports Increase