Credit system for the securities industry is about to be updated, securities companies can be exempt from compensation for early payment "entry"

The journalist learned from relevant sources that in order to further improve the management mechanism of the professional reputation information in the securities industry, the China Securities Association recently revised the "Securities Industry Professional Reputation Information Management Measures" and is currently soliciting industry opinions. It is reported that this is the first adjustment of the measures since its implementation three years ago. Overall, this revision will include bribery behaviors that interfere with regulatory law enforcement into the category of illegal dishonesty, and at the same time clarify that securities firms that effectively reduce or eliminate investor damages through pre-compensation mechanisms may be exempted from the penalty information being recorded in the professional reputation information database.