Shanghai Futures Exchange Charter (Revised)

Issued: October 20 2003
Effective: November 1 2003

Main contents: Major revisions to the Charter include:
1. the futures exchange has one more function to designate the settlement bank and supervise its settlement business related to the futures settlement of the exchange (Article 12(10));
2. an article is added concerning the establishment of special members (Article 28);
3. the board of directors has one more function to monitor the legal compliance of senior management and other personnel;
4. the futures exchange can formulate measures to investigate and handle violations of the exchange's rules;
5. the time limit to send out notices of the convening of a members' general meeting is shortened from 30 days to 10 days (Article 31); and
6. the time limit to submit all documents to the China Securities Regulatory Commission after the members' general meeting or the board of directors' general meeting is extended from three days to 10 days (Articles 34 and 40).
Related legislation: Administration of Futures Trading Tentative Regulations, Jun 2 1999, CLP 1999 No.6 p39 and Administration of Futures Exchanges Procedures, Aug 31 1999, CLP 1999 No.9 p7
Repealed legislation: Shanghai Futures Exchange Charter, April 13 2000