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these new regulations will be implemented in october

2024-10-03

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there are national standards for the construction and operation of central kitchens, strengthening the supervision of programmed transactions in the securities market, reducing or exempting stamp taxes related to corporate restructuring and restructuring of public institutions, strengthening supervision of prepayments for nursing homes... starting from october, a number of new regulations will be officially implemented, all it’s about you and me.

the securities market strengthens supervision of high-frequency trading

the "regulations on the administration of programmed transactions in the securities market (trial)" will be officially implemented on october 8. the "management regulations" provide comprehensive and systematic provisions for the supervision of programmed transactions in the securities market. it is clarified that stock exchanges implement real-time monitoring of programmed transactions and focus on monitoring abnormal trading behaviors. clarify the definition of high-frequency trading and propose differentiated regulatory requirements in terms of reporting information, fees, and transaction monitoring.

strengthen supervision of pre-charges in nursing homes

seven departments including the ministry of civil affairs issued the "guiding opinions on strengthening the supervision of advance fees in elderly care institutions" (hereinafter referred to as the "guiding opinions"), which will be effective from october 1, 2024. the "guiding opinions" stipulate that the period for collecting elderly care service fees in advance shall not exceed 12 months, and the deposit collected from an individual elderly person shall not exceed 12 times the monthly bed fee for that elderly person. for prepaid fees that meet the refund conditions stipulated in the service agreement, the elderly care institution shall promptly refund the fees as agreed and shall not refuse or delay. if an elderly person has not yet moved into an institution to receive services and proposes to terminate the service agreement, the elderly care institution shall refund the prepaid fees in a timely manner. membership fees may not be used for high-risk investments such as non-self-use real estate, securities, financial derivatives, direct or indirect investment in companies whose main business is the purchase and sale of securities, or for other borrowing purposes.