Update on Futures Regulations in China就在中国期货条例更新.pdfVIP

NOVEMBER 2007 IN THIS ISSUE Update on Futures Regulations in China Update on Futures Regulations in China Kevin Qian Three important futures regulations were announced by the State Council and the China Tel: +86 21 6105 0566 Securities Regulatory Commission (CSRC) in March 2007 and became effective on 15 April kqian@ 2007. These were the Administrative Regulation on Futures Trading (the Regulation), the Administrative Measures for Futures Exchanges and the Administrative Measures for Futures Jacqueline Cai Tel: +86 21 6105 0508 Companies, together known as the New Futures Regulations. In addition, other relevant implementation rules and regulations have been or are about to be issued by the relevant jcai@ government authorities. Under the Regulation, the categories of futures have been expanded to Major Amendments to the include commodity and financial futures contracts, and option contracts. Also, the subject matter Civil Procedure Law of futures contracts has been expanded to include agricultural products, industrial products, energy, other commodities and the relevant index products thereof, as well as negotiable John Huang instruments, interest rates, foreign exchange rates, other financial products and the relevant index Tel: +86 21 6105 0588 products thereof. johnhuang@mwechinalaw. com The Regulation warns that without the approval of the State Council’s futures regulatory institution, any institution or