CSRC to Fill in Gaps in Program Trading Regulation
On April 12, 2024, the China Securities Regulatory Committee ("CSRC") released a public consultation draft of the Provisions on Program Trading Management in Securities Markets (for Trial Implementation) (《证券市场程序化交易管理规定(试行)(征求意见稿)》, the "Draft Provisions"). The consultation period will end on April 27, 2024. The Draft Provisions are the first comprehensive rules on program trading to be issued at the central financial regulator level, which intend to address a series of critical issues relating to program trading in China's securities markets.
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