The China Securities Regulatory Commission (CSRC) has published for public consultation a revised draft of its Measures for the Supervision and Administration of Futures Companies, alongside a supporting draft implementation announcement, to refine supervisory requirements for futures companies under the Futures and Derivatives Law. Under the draft measures, futures market making trading and derivatives trading that were previously conducted by risk management subsidiaries and subject to filing-based access and self-regulatory oversight by the Futures Association would instead be conducted by futures companies, with licensing-based entry and administrative supervision. The package also strengthens supervision of futures companies’ subsidiaries and branches, while the draft implementation announcement sets out arrangements for subsidiaries’ relevant business activities and for the transition between the old and new rules. CSRC will revise and finalise the measures and the implementation announcement after considering feedback, and then issue them for implementation.
China Securities Regulatory Commission 2026-04-17
China Securities Regulatory Commission consults on revised futures company rules that shift market making and derivatives trading into licensed futures firms
The China Securities Regulatory Commission has published for consultation a revised draft of its Measures for the Supervision and Administration of Futures Companies and a supporting draft implementation announcement to refine supervisory requirements under the Futures and Derivatives Law. The proposals would shift futures market making and derivatives trading from risk management subsidiaries to licensed futures companies, and strengthen oversight of subsidiaries and branches, including transitional arrangements between the old and new rules.