zhejiang securities regulatory bureau takes corrective measures against ant (hangzhou) fund sales co., ltd.
2024-10-01
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according to the website of the china securities regulatory commission, recently, the zhejiang securities regulatory bureau issued a decision on ordering corrective measures against ant (hangzhou) fund sales co., ltd.
after investigation, the zhejiang securities regulatory bureau found that the company’s fund sales business had the following problems:
first, the launch of yu’e bao service upgrade did not fully reveal the business rules.
second, the fund-exclusive welfare coupon activities that i participated in were not in compliance with regulations.
the zhejiang securities regulatory bureau stated that the above-mentioned behavior violated paragraph 1 of article 23 of the "measures for the supervision and administration of money market funds" (csrc order no. 120) and the "measures for the supervision and administration of publicly offered securities investment fund sales agencies" (csrc order no. 120) the second paragraph of article 17 of the securities regulatory commission order no. 175) and the second paragraph of article 82 of the "measures for the administration of sales of securities investment funds" (csrc order no. 91).
according to article 41 of the "measures for the supervision and administration of money market funds" (csrc order no. 120), article 53 of the "measures for the supervision and administration of publicly offered securities investment fund sales agencies" (csrc order no. 175), in accordance with article 87 of the measures for the administration of sales of securities investment funds (csrc order no. 91), the zhejiang securities regulatory bureau decided to take administrative regulatory measures to order corrections against the company. companies should attach great importance to this, strictly follow the laws and regulations related to fund sales, take effective rectification measures to implement the rectification, and submit a written rectification report within 90 days from the date of issuance of these regulatory measures.
(this article comes from china business news)
