FROM: The Shanghai Futures Exchange

SUBJECT: Notice on Investigation and Punishment against Law and Rule Violations during February 2017

FILING SERIAL:  [2017] No. 11

March 7, 2017

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 enchance risk prevention, intensify frontline regulation, normalize futurres transaction behaviours and protect the legitimate rights of particpants in futures market. The enforcement against such violations during February 2017 is as follows:

In February, there were totally 5 abnormal transaction behaviours under the Exchange’s investigation for causing abnormal price fluctuations. Among which, one (1) case suspected of being in violation of trading rules was under formal investigation. 

There were totally 82 abnormal transcation behaviours that triggered the disciplinary action by the Exchange against them, including 36 cases for exceeding the limit of self-matching deals and 46 cases for exceeding the limit of frequent placing and cancellation of orders. As for 2 clients falling into the scope of abornmal transaction as defined in the Exchange’s relevant rules, they were imposed public critism and restristactions on opening new positions.