Futures Trading Management Regulations
Article 1 The regulations are formulated in accordance with the People’s Republic of China Law on Futures Trading, in order to regulate futures trading activities, to ensure order of futures market, and to protect the legitimate rights and interests of the traders.
Article 2 The futures market of China regulations applies to all futures products traded in the national market.
Article 3 The participants of the futures market are allowed to trading of futures products on the basis of equity, open and transparent, fair and rules-based.
Article 4 Participants in the futures market includes exchange members, clients ,Yidue a permanent residents registered in China and its enterprises and so on .
Article 5 Exchanges enforce the principle of trader privacy , the trader information shall not be disclosed without permission. Traders must keep trading information confidential.
Article 6 Margin requirements for futures trading will be stipulated by the exchanges and must be adhered to.
Article 7 All types of speculation futures trading activities, market manipulation and unfair practices are prohibited.
Article 8 Professional accounts and starter accounts are allowed to be open on the exchanges.
Article 9 Exchanges shall withdraw the license of the accounts found any violations of law or regulations.
Article 10 Traders can report on market violations via the phone, post and other channels, the exchanges shall keep the source of information confidential and protected.
Article 11 The exchanges are not allowed to arbitrage between different futures products.
Article 12 Exchanges establish rules or regulations on the trading of futures products, and the traders are obligated to comply.
Article 13 Every exchange shall build a dispute settlement system and must solve the dispute fairly and justly according to the law.
Article 14 The exchanges shall establish risk management systems and reminder of funds to guarantee against risks.
Article 15 The exchanges shall build counseling rooms , and should provide services of understanding of regulations and settlement of disputes for the traders.
Article 16 The exchanges shall offer insurance for the traders to protect their own funds for trading.
Article 17 The exchanges and its members should uphold morality and financial professional ethics standards.
Article 18 The exchanges have the authority to reprimand, impose fines and quit members for violations of regulations.
Article 19 The related industry associations can provide technical guidance and regulation concerning trading.
Article 20 The regulations are implemented from the date of promulgation.
