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Notice on Investigation and Penalties for Violations of Relevant Rules and Regulations in December 2021

Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations in December 2021 are listed as follows:

In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with a total of 57 cases, among which 17 cases were self-trades,40 cases were frequent order cancellations.The Exchange has separately notified the relevant clients by phone through members,placed 6 clients on the Exchange’s watchlist,notified 10 abnormal trading behaviors to all the members. The Exchange has suspended 2 clients and 1group of accounts with actual control relationship from opening new positions on the relevant futures contracts and notified to the market.

In the aspect of identification and cooperative investigation of accounts with actual control relationship, The Exchange has identified 210 groups of 501 clients that exist the actual control relationship and urged 2 groups of 5 clients to cooperate with the investigation of the actual control relationship.

In the aspect of inspecting cases violating trading rules,the Exchange has dealt with 5 cases suspected of violation trading rules,of which 3 cases were suspected of accommodation trade,
1 was client existing actual control relationship but has not reported,1 was wrong order.

The Exchange reminds the investors to be in compliance with its rules in the trading activities and report accounts with actual control relationship.


Shanghai Futures Exchange
January 12,2022