New rules for derivatives trading, outline risk controls and market oversight, with no immediate effect on structured products, sources say.
The China Securities Regulatory Commission issued a draft rule for the supervision and administration of derivatives trading last Friday (16 January) for public comments as the country’s securities regulator looks to clarify key risk-control requirements. The drafted measures comprise seven chapters that clarify the functions of the derivatives market in risk management and resource allocation, the conditions and procedures for developing derivatives contracts, the basic principles that p