CSRC revises the "Professional Committee Management Measures" to increase penalties for violations.

The Securities Association issued the latest revised "Administrative Measures for the Professional Committees of the China Securities Association" to further regulate the working mechanism of the professional committees. It was noted by journalists that the severity of penalties for committee members violating rules has significantly increased. The "Administrative Measures" now include that "if a member uses their position to leak information, engage in corruption for personal gain, solicit improper benefits, or cause significant negative public opinion, the Association may take disciplinary action, self-discipline measures, and report to the member's organization," whereas previously only reminders, persuasion, or dismissals were possible. In addition, the scope of major penalties has been expanded from just "securities and futures crimes" to now including "receiving a criminal sentence for a crime," covering all criminal offenses. A new condition has been added where "a market ban has expired and not exceeded 5 years," taking into account the impact of the duration of a market ban.