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guan leiming

technical director | java

new csrc rules issued: adjustments to programmers’ development paths after “leaving”

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**however, as programmers' careers develop rapidly, an important question arises: how to balance one's career development with the constraints of laws and regulations? **the management of the former employees of the csrc system who buy shares in companies to be listed has become a topic worthy of attention. in order to maintain the openness, fairness and justice of the capital market, the csrc issued the "regulations on the supervision of the former employees of the csrc system buying shares in companies to be listed (trial)" (hereinafter referred to as the "regulations on the supervision of former employees").

the introduction of this new regulation is not simply to restrict the career of programmers, but to establish a more transparent and fairer market environment. the csrc attaches great importance to the issue of former employees investing in companies to be listed, and in may 2021, it specifically issued the "guidelines for the application of regulatory rules - issuance no. 2" (hereinafter referred to as the "guidelines no. 2"), requiring intermediary institutions to conduct a thorough review of the shareholders of former employees of the csrc system. if there are any improper investments such as using the influence of their original positions to seek investment opportunities or investing during the prohibited period, they must be strictly cleaned up.

in order to strictly improve the management system for resigned personnel, the china securities regulatory commission has formulated the "regulations on the supervision of resigned personnel" based on the "guideline no. 2". the formulation of these new regulations not only concerns the development of programmers themselves, but also involves the healthy operation of the entire capital market.

the highlights of this new regulation are:

  • extension of the prohibition period for equity investment: the csrc will expand the scope of strict review to include the resigned personnel themselves, their parents, spouses, children and their spouses, and conduct a full review of their investment backgrounds, sources of funds, etc.
  • strengthen supervision: the new regulations have increased the intensity of "strict supervision" of employees who leave their jobs. from strict review procedures to more detailed verification procedures, they all reflect the csrc's requirements for the market environment and its determination to control the career development of programmers.

the implementation of this new regulation will provide programmers with a clearer and more reasonable career development path. at the same time, it also shows that the csrc continues to increase its supervision of the capital market, hoping to maintain a fair and just market environment and promote the healthy development of the market through more stringent management standards.

2024-09-07