China Securities Regulatory Commission issues rules to standardise how supervisory measures are applied in securities and futures markets from 30 June 2026

The China Securities Regulatory Commission has issued the Measures for the Implementation of Supervisory Measures in the Securities and Futures Market, setting out a unified framework for when and how the regulator applies supervisory measures, including procedural safeguards and execution requirements. The measures take effect on 30 June 2026. The 25-article framework specifies fourteen commonly used supervisory measures, including orders to rectify, regulatory interviews, warning letters, and orders to submit periodic reports, alongside a catch-all category for other measures provided in laws, administrative regulations, or CSRC rules. It also establishes core implementation principles, including legality, efficiency, fairness, timely correction of illegal conduct, preventing risk spillovers, combining risk prevention with education, and proportionality to the nature, circumstances, harm and risk of the conduct. Procedural requirements cover evidence collection, decision-making, service of documents, on-site enforcement, recusal and legal review, with additional requirements such as prior notice and a fast-track mechanism for urgent situations; the rules also specify what supervisory decision documents must contain, related disclosure requirements, and service procedures. The CSRC noted that it had previously consulted publicly on the measures, received generally supportive feedback, and revised the final text based on the comments, with implementation work to follow.