Implementing Rules of Shanghai Stock Exchange for Bonds Trading (Revised in 2014)
Implementing Rules of Shanghai Stock Exchange for Bonds Trading (Revised in 2014)
Implementing Rules of Shanghai Stock Exchange for Bonds Trading (Revised in 2014)
Shang Zheng Fa [2014] No.2
January 2, 2014
Chapter I General Provisions
Article 1 In order to regulate the transactions in bonds markets of Shanghai Stock Exchange (hereinafter referred to as the "Exchange"), maintain market order, prevent risks in market and protect the lawful rights and interests of investors the Implementing Rules of Shanghai Stock Exchange for Bonds Trading (hereinafter referred to as the "Rules") are hereby formulated in accordance with relevant laws and regulations of the State and the Trading Rules of Shanghai Stock Exchange (hereinafter referred to as the "Trading Rules").
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 (hereinafter referred to as the "bonds") in competitive bidding trading system, and the Trading Rules and other relevant provisions of the Exchange shall apply to those uncovered herein.
The transactions of bonds on fixed-income securities comprehensive electronic trading platform of the Exchange shall be separately regulated by the Exchange.
The Trading Rules and other relevant provisions of the Exchange shall apply to convertible corporate bonds and other bonds listed on the Exchange.
Article 3 Any investor who conducts bonds transaction via the competitive bidding trading system of the Exchange shall, in accordance with the provisions of the Exchange on designated comprehensive transaction, appoint a member as the investor's trustee of bonds transaction in advance and conclude with the member an agreement on designated comprehensive transaction and a trust agreement on spot transaction and repurchase transaction of bonds.
The member shall be responsible for the legitimacy, authenticity, accuracy and completeness of bonds transaction declaration instruction issued to the Exchange and bear corresponding legal liability. If the member reports client's bonds as repurchase pledge bonds or declares for spot transaction of bonds, the member shall be deemed as having obtained its client's consent and the Exchange shall not undertake the obligation of examination.
Article 4 Members and other institutions engaging in bonds transaction shall establish well-functioning business management system and risk control mechanism.
The members shall not use clients' securities account without the required authorization or appropriate clients' bonds to conduct repurchase transaction of bonds for themselves or others.
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Shang Zheng Fa [2014] No.2
January 2, 2014
Chapter I General Provisions
Article 1 In order to regulate the transactions in bonds markets of Shanghai Stock Exchange (hereinafter referred to as the "Exchange"), maintain market order, prevent risks in market and protect the lawful rights and interests of investors the Implementing Rules of Shanghai Stock Exchange for Bonds Trading (hereinafter referred to as the "Rules") are hereby formulated in accordance with relevant laws and regulations of the State and the Trading Rules of Shanghai Stock Exchange (hereinafter referred to as the "Trading Rules").
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 (hereinafter referred to as the "bonds") in competitive bidding trading system, and the Trading Rules and other relevant provisions of the Exchange shall apply to those uncovered herein.
The transactions of bonds on fixed-income securities comprehensive electronic trading platform of the Exchange shall be separately regulated by the Exchange.
The Trading Rules and other relevant provisions of the Exchange shall apply to convertible corporate bonds and other bonds listed on the Exchange.
Article 3 Any investor who conducts bonds transaction via the competitive bidding trading system of the Exchange shall, in accordance with the provisions of the Exchange on designated comprehensive transaction, appoint a member as the investor's trustee of bonds transaction in advance and conclude with the member an agreement on designated comprehensive transaction and a trust agreement on spot transaction and repurchase transaction of bonds.
The member shall be responsible for the legitimacy, authenticity, accuracy and completeness of bonds transaction declaration instruction issued to the Exchange and bear corresponding legal liability. If the member reports client's bonds as repurchase pledge bonds or declares for spot transaction of bonds, the member shall be deemed as having obtained its client's consent and the Exchange shall not undertake the obligation of examination.
Article 4 Members and other institutions engaging in bonds transaction shall establish well-functioning business management system and risk control mechanism.
The members shall not use clients' securities account without the required authorization or appropriate clients' bonds to conduct repurchase transaction of bonds for themselves or others.
......