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Notice on Investigation and Penalties for Violations of Relevant Rules and Regulations in 2019

To strengthen risk management and frontline regulation of the futures market, well regulate futures trading behaviors and protect the legitimate interests of the market participants, Shanghai Futures Exchange(hereinafter referred to as “The Exchange”) has made continuous efforts to investigate and penalize violations of relevant rules and regulations.The enforcement against such violations in Feburary 2019 is listed as follows:
In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with a total of 57 cases of abnormal trading behaviors, among which 25 cases were self-trades that exceed the limits, 28 cases were frequent order cancellations, one case for exceeding the limit of placing and cancellation of large-amount orders, and three cases for the combined size of positions within a group of accounts with actual control relationship exceeding the position limit prescribed by the Exchange.The Exchange has separately notified 61 relevant members of the abnormal trading behaviors above by phone, and placed 8 clients on the Exchange’s watch list, notified 11 abnormal trading behaviors to all the members.
In the aspect of identification and investigation coordination of accounts with actual control relationship,the Exchange has identified 47 groups of 108 clients that have reported the actual control relationship.
In the aspect of examining cases suspected of violating trading rules, the Exchange has examined six cases suspected of violating trading rules and has talked with seven clients, filed and investigated three of the cases suspected of violating trading rules.
The Exchange hereby notifies the above.

 


Shanghai Futures Exchagne
March 8,2019

 

 

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