期货交易管理暂行条例 State Council, Administration of Futures Trading Tentative Regulations

tted to a futures trader by a futures exchange.

　　9. The term "warehouse receipt" refers to the standardized certificate of taking delivery issued by the delivery warehouse and recognized by the futures exchange.

　　10. The term "brokering a transaction" refers to the process whereby the futures exchange's computerized trading system matches the trading orders of the two parties to a trade.

　　11. The term "fluctuation band for suspension of trading" refers to the fluctuation band between the highest price and the lowest price at which futures contracts may trade in one trading day. An offer outside this band shall be deemed void and the transaction incapable of being concluded.

　　12. The term "insi

der information" refers to as yet publicly undisclosed information which may have a significant effect on futures market prices, and includes: policies formulated by the CSRC and other relevant authorities which may have a significant effect on futures trading prices, decisions made by a futures exchange which may have a significant effect on futures trading prices, the funds and trading trends of a futures exchange's members and clients as well as other important information which the CSRC recognizes as having a pronounced effect on futures trading prices.

　　13. The term "an insider with insider information" refers to persons who as a result of their administrative position, supervisory position or professional position or employees or specialized consultants who, in the course of performing their duties, may be in contact with or have access to insider information, including: the chairman, vice-chairman, general manager, assistant general manager or other such senior management personnel in a futures exchange as well as other working personnel who may have obtain insider information in the course of their duties, working personnel of the CSRC and other relevant authorities and other persons stipulated by the CSRC.

　　Article 71　These Regulations shall be implemented as of 1 September 1999

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