Regulatory Alerts2011-03-21
Added · Updated
Circular Issued by the Securities and Futures Commission Regarding Review of Readiness for Listed Renminbi Securities Business
The Securities and Futures Commission issued this circular to all Authorized Institutions to initiate a review of their operational readiness for listed Renminbi securities business. The regulator requires these institutions to assess and ensure their systems and procedures are adequately prepared to handle RMB-denominated securities transactions. This directive aims to maintain market stability and compliance as the scope of RMB business expands within the financial sector.
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