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Notice on Enforcement by the Exchange against Rule Violations during 2017

FROM:Shanghai Futures Exchange

SUBJECT: Notice on Enforcement by the Exchange against Rule Violations during 2017

FILING SERIAL: SQBF [2018] No. 4

January 12, 2018

The enforcement by the Exchange against rule violations during 2017 is as follows:

1. There were totally twelve (12) rule violation cases that triggered the disciplinary action by the Exchange against them, including 9 cases for accommodation trades for fund transfer purpose, 2 cases for causing abnormal price fluctuations and 1 case for failure to duly conduct the forced position liquidation by the Member on excessive long positions of its client. The parties involved covered the market participants of both corporate client and natural person client.

2. In accordance with the Enforcement Rules on Rule-violations of the Shanghai Futures Exchange, twenty-six (26) rule violators were imposed self-disciplinary actions such as warning, public criticism, fine and suspension of opening new positions for 1~9 months by the Exchange, and were ordered for correcting the wrong behavior.

All members and investors shall enhance compliance and risk awareness and intensify account management to prevent rule violations against the Exchange.

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