Notice on Investigation and Punishment against Law and Rule Violations during July 2018

Updated on Aug 09,2018

Notice on Investigation and Punishment against Law and Rule Violations during July 2018

FROM: The Shanghai Futures Exchange

SUBJECT: Notice on Investigation and Punishment against Law and Rule Violations during July 2018

FILING SERIAL: [2018] No. 29

August 3, 2018

The Exchange has been putting its efforts in investigation and punishment against law and rule violations as per relevant laws and rules, so as to truly enhance risk prevention, intensify frontline regulation, normalize futures transaction behaviors and protect the legitimate rights of participants in futures market. The enforcement against such violations during July 2018 is as follows:

In July, there were totally 89 abnormal transaction behaviors which triggered the disciplinary action by the Exchange against them, including 27 cases for exceeding the limit of self-matching deals, 60 cases for exceeding the limit of frequent placing and cancellation of orders, and 2 cases for exceeding the limit of placing and cancellation of large-amount orders. As for 4 clients falling into the scope of abnormal transaction as defined in the Exchange’s relevant rules, they were imposed public criticism and restrictions on opening new positions.

In July, there were totally 5 abnormal transaction behaviors under the Exchange’s investigation for causing abnormal price fluctuations. Among them, 2 cases suspected of being in violation of trading rules were under formal investigation.

Hereby notify the above.