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 July 2020 are listed as follows:

In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with a total of 105 cases, among which 29 cases were self-trades，75 cases were frequent order cancellations and 1 case 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 the relevant clients by phone through members and placed 12 clients and 2 groups of accounts with actual control relationship on the Exchange’s watch list, notified 24 abnormal trading behaviors to all the members. The Exchange has suspended 8 clients and 1 group 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 460 groups of 1141 clients that exist the actual control relationship and urged 1 group of 3 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 9 cases suspected of violation trading rules，which 1 case was self-trade affect the contract price，2 cases were suspected of accommodation trade，5 case were price fluctuation caused by program errors or market price orders，1 case was wrong order. The Exchange has filed and investigated one of the cases suspected of violating trading rules.The Exchange reminds the investors to be in compliance with its rules in the trading activities and cooperate with the reporting of actual control relationship accounts.

Shanghai Futures Exchange
Aug.11 2020