The SFC Issued New Regulations To Strictly Control The Internal Interests Of Fund Companies.

2011/8/15 8:42:00 34

The SFC issued a revised guidance on the fair trading system of securities investment fund management companies on the evening of 12 th.

fund

Different combinations of the same day reverse pactions make strict demands, strictly control the interests of pport and other acts.

SFC

From the end of May, public comments were made on this document.

Reverse trading on the same day means buying and selling one on the same day. This may happen between different combinations of funds.

The securities and Futures Commission pointed out that, considering the possibility of reverse trading between the different combinations, especially in the same day reverse trading on some small and medium capitalization stocks, the interest pmission and market manipulation should be carried out. Therefore, strict control should be strictly controlled. If the unilateral paction volume exceeds 5% of the day's turnover, the information should be disclosed publicly.

In addition, for the same paction between different combinations.

Spread

Control, fund companies should carry out the analysis of the same paction price difference quarterly and annually within the company, and reflect them in information disclosure.

The SFC said it would give the fund company enough time to perfect the same paction.

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Control of pactions, fund companies began to disclose these data from a quarterly report in 2012.