Only by establishing a risk control index system with net capital as the core, strengthening the risk supervision of securities companies, urging securities companies to strengthen internal control and prevent risks, can the risk control index management of securities companies be strengthened. The following article is the management of risk control indicators of securities companies. Welcome to read!
(1) net capital and its calculation
According to the newly revised Measures for the Administration of Risk Monitoring Indicators of Securities Companies, in order to establish a risk control indicator system with net capital as the core and strengthen risk supervision of securities companies, securities companies should calculate net capital and risk capital reserves in accordance with regulations, and prepare a net capital calculation table, a risk capital reserve calculation table and a risk control indicator supervision report.
Net capital refers to a comprehensive risk control index obtained by adjusting the risks of assets and liabilities and related businesses on the basis of net assets according to the business scope of securities companies and the liquidity characteristics of assets and liabilities of companies.
(2) Risk control index standard
1. Net capital requirements of various businesses
The net capital of a securities company engaged in securities brokerage business shall not be less than RMB 20 million.
Securities companies engaged in securities underwriting and sponsorship, securities self-management, securities asset management and other securities business, the net capital shall not be less than 50 million yuan.
If a securities company engages in securities brokerage business and also engages in securities underwriting and sponsorship, securities self-management and securities asset management, its net capital shall not be less than 10 billion yuan.
Securities companies engaged in more than two securities underwriting and sponsorship, securities self-management, securities asset management and other securities business, the net capital shall not be less than 200 million yuan.
2. Index standards for risk control of securities companies:
(1) The ratio of net capital to the sum of various risk reserves shall not be less than100%;
(2) The ratio of net capital to net assets shall not be less than 40%.
(3) The ratio of net capital to liabilities shall not be less than 8%.
(4) The ratio of net assets to liabilities shall not be less than 20%.
3. Provisions on risk control indicators of proprietary business
4. Provisions on risk indicators of margin financing and securities lending business
5. Calculation standard of risk capital reserve benchmark of securities companies
(III) Regulatory measures
1. If the net capital or other risk control indicators of a securities company reach the early warning standard, the dispatched office shall take the following measures according to different situations: (1) Issue a letter of supervision concern to it, and send a copy to the major shareholders of the company, asking the company to explain the potential risks and control measures; (2) Require the company to take measures to adjust its business scale and asset-liability structure and improve its net capital level; (3) Require the company to submit a special report at least five working days in advance when making major business decisions, explaining the impact of related businesses on the company's financial status, net capital and other risk control indicators; (4) Ordering the Compliance Department of the Company to increase the frequency of checking risk control indicators and submit a report on the level of risk control indicators.
2. If the net capital or other risk control indicators of a securities company do not meet the prescribed standards, the agency shall order it to make corrections within a time limit. During the rectification period, the China Securities Regulatory Commission and its dispatched offices took the following measures against securities companies according to different situations: (1) Stop approving new business; (2) Stop approving the establishment and acquisition of business branches; (3) Limiting the distribution of dividends; (4) restricting the transfer of property or setting other rights on property.
3. If the securities company fails to complete the rectification on schedule, the dispatched office will take the following measures according to the situation from the day after the expiration of the rectification period: (1) Restrict business activities; (two) ordered to suspend some business; (3) Limiting the payment of remuneration and welfare to directors, supervisors and senior managers; (4) Ordering the replacement of directors, supervisors and senior managers or restricting their rights; (5) Ordering the controlling shareholder to transfer the equity or restricting the relevant shareholders from exercising their rights. (6) Identifying directors, supervisors and senior managers as inappropriate candidates.
4. If the securities company fails to complete the rectification on schedule and the risk control index continues to deteriorate, which seriously endangers the stable operation of the securities company, the China Securities Regulatory Commission may revoke its relevant business license.
5. If the risk control index of a securities company is not up to standard, which seriously endangers the order of the securities market and harms the interests of investors, the China Securities Regulatory Commission may take the following measures (1) to order it to suspend business for rectification; (2) Designate other institutions to take custody and take over; (3) Revoking the securities business license. (4) cancellation.
;