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How Does the CSRC Regulate Futures Market?
2010-11-24

 

It is stipulated by the State Council in the “Regulations on Administration of Futures Trading” that “the China Securities Regulatory Commission (CSRC) makes a centralized and unified supervision and management over futures market”. Obviously, the CSRC is a statutory regulator authorized by government and performs a statutory regulatory function.

 

The Futures Supervision Department of the CSRC assumes the responsibility of supervising and regulating futures market, with its functions as follows:

 

(1) to draw up rules and detailed implementation rules for futures market supervision;

 

(2) to review establishment, constitutions, business rules and listed futures contracts of futures exchanges, and supervise their business activities;

 

(3) to review establishment of futures companies, futures clearing organizations and futures investment consulting institutions and their qualifications for futures businesses, and supervise their business activities;

 

(4) to review qualifications of senior managerial personnel of futures companies, futures clearing organizations and futures investment consulting institutions, and supervise their business activities;

 

(5) to analyze domestic futures trading, and study domestic and foreign futures markets; and

 

(6) to review qualifications of domestic organizations for engaging in overseas futures businesses, and supervise their overseas futures business activities.