Chapter I Supervision of Securities Investment Consulting Business

1. Practice registration requirements (added in 2022)

(1) Personnel who provide securities investment consulting services to clients shall have the qualification of securities investment consulting and be registered as securities in China Securities Industry Association.

Investment consultant. A securities investment consultant may not be registered as a securities analyst at the same time.

(2) Post-registration management for securities practitioners.

(3) Registration category: general securities business, securities broker, securities investment consulting (investment consultant), securities investment consulting (analyst), securities investment consulting (other) and sponsor representative.

2. China Securities Regulatory Commission-implementing supervision and management; China Securities Association-Self-discipline Management.

3. The difference between a securities investment consultant and a securities analyst: position, service mode and content, service target and market influence.

4. Principles of securities investment consulting business: compliance with laws and regulations, honesty and credibility, and fair protection of customers' interests.

5. The professional ethics that a securities investment consultant should possess: independence, honesty, prudence, objectivity, diligence, impartiality and fairness.

6. Securities companies and securities investment consulting institutions shall, in accordance with the principles of fairness, reasonableness and voluntariness, negotiate with customers and agree in writing on arrangements for charging fees for securities investment consulting services. They can charge fees according to the service period and the size of customers' assets, or they can charge fees by other means such as differential commission.

7. Securities companies and securities investment consulting institutions should strengthen personnel training to enhance the professional ethics, compliance awareness and professional service ability of securities investment consultants. Attend the follow-up vocational training every year ≥ 15 class hours (compulsory >); 10 class hour, elective ≥5 class hours)

8. The Securities Investment Consulting Service Agreement shall stipulate that the client may terminate the agreement by written notice within 5 working days from the date of signing the agreement.

9. A securities company shall provide a risk disclosure statement to its customers, which shall be signed and confirmed by investors in the form of written or electronic documents. The content and format requirements of risk disclosure shall be formulated by China Securities Association.

10, Trace Management Securities companies and securities investment consulting institutions shall conduct trace management on the promotion of securities investment consulting business, the signing of agreements, the provision of services, the return visit of customers (preserved for ≥3 years) and the handling of complaints (preserved for ≥3 years).

1 1. The archive preservation period of securities investment consulting business shall be ≥5 years from the date of termination of the agreement.

12, objectively, professionally and prudently comment on macro-economy, industry status and changes in the securities market, provide securities information services for public investors, spread securities knowledge, reveal investment risks and guide rational investment; Do not make investment suggestions on buying, selling or holding specific securities.