Issuing the rules of recommendation business of securities companies and strengthening the duty of gatekeeper

category:Finance
 Issuing the rules of recommendation business of securities companies and strengthening the duty of gatekeeper


In order to further strengthen the self-discipline and restraint on the recommendation representatives, promote the honesty and faithfulness, diligence and responsibility of the sponsor representatives, and continuously improve the level of professional ability and the quality of practice, the China Securities Association has established a classification mechanism for the list of recommendation representatives, which publicizes the implementation of the business, evaluation of professional competence, integrity information and punishment measures of the sponsor representatives Sponsor representatives implement dynamic classification management.

On the basis of consulting the regulatory authorities and the industry in the early stage, three types of lists have been established. One is the comprehensive practice information list of the sponsor representatives (list a). According to whether there is bad credit information within the validity period and whether the test results meet the basic requirements, the professional competence evaluation test is carried out Results the list of recommendation representatives (List B) who fail to meet the basic requirements and whose institutions have verified their professional competence shall publicize the verification materials of the professional competence level of the relevant sponsor representatives, the scores of the evaluation and test results of the professional competence level and the practice information; the third is the recommendation representatives who have been subject to the administrative supervision measures of the CSRC, disciplinary actions of the industry self-discipline organizations or self-discipline management measures in the past three years List of persons (list C), publicize punishment information and practice information of relevant sponsor representatives. Through the establishment of the classification mechanism of the list of sponsor representatives, the integrity constraints, moral constraints, reputation constraints and market constraints are formed. Source: Securities Times Author: Cheng Dan, editor in charge: Wang Xiaowu_ NF

On the basis of consulting the regulatory authorities and the industry in the early stage, three types of lists have been established. One is the comprehensive practice information list of the sponsor representatives (list a). According to whether there is bad credit information within the validity period and whether the test results meet the basic requirements, the professional competence evaluation test is carried out Results the list of recommendation representatives (List B) who fail to meet the basic requirements and whose institutions have verified their professional competence shall publicize the verification materials of the professional competence level of the relevant sponsor representatives, the scores of the evaluation and test results of the professional competence level and the practice information; the third is the recommendation representatives who have been subject to the administrative supervision measures of the CSRC, disciplinary actions of the industry self-discipline organizations or self-discipline management measures in the past three years List of persons (list C), publicize punishment information and practice information of relevant sponsor representatives. Through the establishment of the classification mechanism of the list of sponsor representatives, the integrity constraints, moral constraints, reputation constraints and market constraints are formed.