(MENAFN) China's securities regulator posted that it wants to boost the net capital necessities for futures companies from 15 million yuan to hit 30 million yuan.
In addition, the China Securities Regulatory Commission stated that this decision is likely to enhance settlement risk prevention.
According to the commission, futures firms should deliver extra scientific as well as detailed data, set aside further capital to guard against risks, and will be under stricter oversight by regulators.
On the other hand, the modern requirements set by CSRC are expected to inter into force by October 1 of 2017.
MENAFN2304201700450000ID1095412075
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.