Implementing Rules of the Shanghai Stock Exchange for Bond Trading (Revised in 2019)
Implementing Rules of the Shanghai Stock Exchange for Bond Trading (Revised in 2019)
Implementing Rules of the Shanghai Stock Exchange for Bond Trading (Revised in 2019)
Shang Zheng Fa [2019] No.5
January 17, 2019
Chapter I General Provisions
Article 1 The Rules are hereby formulated in accordance with the relevant laws and regulations of the State and the Trading Rules of the Shanghai Stock Exchange (the "Trading Rules") in order to regulate the transactions in bond markets of the Shanghai Stock Exchange (the "SSE"), maintain market order, prevent risks in the market and protect the lawful rights and interests of investors.
Article 2 The Rules shall apply to the spot transactions and pledge-type repurchase transactions of treasury bonds, corporate bonds, enterprise bonds and the corporate bonds in convertible corporate bonds of separate transactions (the "bonds") in the competitive bidding trading system, and the Trading Rules and other relevant provisions of the SSE shall apply to those set out herein.
The transactions of bonds on the fixed-income securities comprehensive electronic trading platform of the SSE shall be separately regulated by the SSE.
The Trading Rules and other relevant provisions of the SSE shall apply to convertible corporate bonds and other bonds listed on the SSE.
Article 3 Any investor who conducts bond transactions via the competitive bidding trading system of the SSE shall, in accordance with the provisions of the SSE on designated comprehensive transactions, appoint a member as the investor's trustee of bond transactions in advance and conclude with the member an agreement on designated comprehensive transactions and a trust agreement on spot transactions and repurchase transactions of bonds.
The member shall be responsible for the legitimacy, authenticity, accuracy and completeness of bond transaction declaration instructions issued to the SSE and bear corresponding legal liability.
......
Shang Zheng Fa [2019] No.5
January 17, 2019
Chapter I General Provisions
Article 1 The Rules are hereby formulated in accordance with the relevant laws and regulations of the State and the Trading Rules of the Shanghai Stock Exchange (the "Trading Rules") in order to regulate the transactions in bond markets of the Shanghai Stock Exchange (the "SSE"), maintain market order, prevent risks in the market and protect the lawful rights and interests of investors.
Article 2 The Rules shall apply to the spot transactions and pledge-type repurchase transactions of treasury bonds, corporate bonds, enterprise bonds and the corporate bonds in convertible corporate bonds of separate transactions (the "bonds") in the competitive bidding trading system, and the Trading Rules and other relevant provisions of the SSE shall apply to those set out herein.
The transactions of bonds on the fixed-income securities comprehensive electronic trading platform of the SSE shall be separately regulated by the SSE.
The Trading Rules and other relevant provisions of the SSE shall apply to convertible corporate bonds and other bonds listed on the SSE.
Article 3 Any investor who conducts bond transactions via the competitive bidding trading system of the SSE shall, in accordance with the provisions of the SSE on designated comprehensive transactions, appoint a member as the investor's trustee of bond transactions in advance and conclude with the member an agreement on designated comprehensive transactions and a trust agreement on spot transactions and repurchase transactions of bonds.
The member shall be responsible for the legitimacy, authenticity, accuracy and completeness of bond transaction declaration instructions issued to the SSE and bear corresponding legal liability.
......