China Securities Regulatory Commission, Measures on the Pilot Asset Management Business of Futures Companies

中国证券监督管理委员会期货公司资产管理业务试点办法

September 11, 2012 | BY

CLP Temp

Futures companies allowed to tap into the wealth management business.

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Promulgated: July 31 2012

Effective: September 1 2012

Applicability: The term “asset management business” refers to the business activities whereby a futures company accepts the entrustment by a single or specific multiple clients in writing in accordance with these Measures and the contract, uses the client's entrusted assets to carry out investment, and collects fees or remuneration in accordance with the contract (Article 2).

The specific provisions for the engagement in the asset management business by futures companies upon entrustment of specific multiple clients shall be