Investment bank insurance practices have ushered in comprehensive and strict regulations. The reporter learned that the China Securities Association recently drafted the “Code of Practice for Sponsor Representatives” and is seeking comments from the industry. The new regulations require that sponsor agencies should scientifically coordinate project allocation, reasonably control the practice load, clarify the job responsibilities and performance standards of the sponsor representative, and set an upper limit on the projects that the sponsor representative is responsible for at the same time. Sponsoring agencies shall implement uniform quality control standards and procedures for all projects signed by sponsor representatives, must not relax supervision and restrictions on the sponsor representative's practice due to factors such as personal reputation and industry influence, and must not excessively package or hype up “star sponsor representatives”.

Investment bank insurance practices have ushered in comprehensive and strict regulations. The reporter learned that the China Securities Association recently drafted the “Code of Practice for Sponsor Representatives” and is seeking comments from the industry. The new regulations require that sponsor agencies should scientifically coordinate project allocation, reasonably control the practice load, clarify the job responsibilities and performance standards of the sponsor representative, and set an upper limit on the projects that the sponsor representative is responsible for at the same time. Sponsoring agencies shall implement uniform quality control standards and procedures for all projects signed by sponsor representatives, must not relax supervision and restrictions on the sponsor representative's practice due to factors such as personal reputation and industry influence, and must not excessively package or hype up “star sponsor representatives”.