Supervision is emphasizing and urging brokerage firms and fund companies to implement the “930 New Regulations.” The “Administrative Measures on Online Marketing of Financial Products” were officially implemented on September 30 this year. Reporters learned that several securities regulatory bureaus have recently submitted specific work requirements to agencies within their jurisdiction. Overall, first, they must not cooperate with any organization or individual other than a third-party Internet platform to carry out online marketing; second, cooperation with platforms must adhere to business independence, technical security, and data confidentiality, and payments must not be linked to indicators such as account opening volume, transaction volume, and handling fees; third, platforms providing transfer channels for securities transactions must file a record with the Securities Regulatory Commission. In addition, organizations must also establish a mechanism for pre-evaluation of platforms, strengthen the construction of self-operated apps, and must not carry out transfer channel cooperation with platforms that have not completed the filing. Stock cooperation must be rectified within 1 year of implementation of the “Measures”, and the cooperation status must be reported on a quarterly basis.

Supervision is emphasizing and urging brokerage firms and fund companies to implement the “930 New Regulations.” The “Administrative Measures on Online Marketing of Financial Products” were officially implemented on September 30 this year. Reporters learned that several securities regulatory bureaus have recently submitted specific work requirements to agencies within their jurisdiction. Overall, first, they must not cooperate with any organization or individual other than a third-party Internet platform to carry out online marketing; second, cooperation with platforms must adhere to business independence, technical security, and data confidentiality, and payments must not be linked to indicators such as account opening volume, transaction volume, and handling fees; third, platforms providing transfer channels for securities transactions must file a record with the Securities Regulatory Commission. In addition, organizations must also establish a mechanism for pre-evaluation of platforms, strengthen the construction of self-operated apps, and must not carry out transfer channel cooperation with platforms that have not completed the filing. Stock cooperation must be rectified within 1 year of implementation of the “Measures”, and the cooperation status must be reported on a quarterly basis.