New derivatives regulations are about to take effect, and securities firms are accelerating compliance restructuring in cross-border business.

On November 16, the "Measures for the Supervision and Administration of Derivatives Trading" will officially take effect. This is the first departmental regulation for the derivatives industry under CSRC supervision, and the six-month transition period is about to end. Industry insiders believe that with the suspension of new additions to cross-border equity return swaps and the implementation of the third batch of swap facility operations worth 100 billion yuan, securities firms' derivatives and cross-border businesses are shifting from scale expansion to a stage of competition in compliance and professional capabilities. Short-term rectification pressure and long-term concentration trends coexist for securities firms, and the industry's Matthew effect may further intensify.