The measures for the supervision and administration of the directors, supervisors and employees of securities fund operating institutions will come into force on April 1

2022-08-08 0 By

On February 18, the China Securities Regulatory Commission (CSRC) issued the Measures for the supervision and administration of directors, supervisors, senior managers and employees of securities fund operating institutions. The main contents include: One is to optimize personnel management according to the principle of classification;Second, strengthen practice norms and implement the requirement of “zero tolerance”;Third, to consolidate the main responsibility of operating institutions and lay a solid foundation for the development of the industry.The Administrative Measures will take effect on April 1, 2022, and a one-year transition period will be granted to those who do not meet the corresponding qualifications.