Provisions on branches of securities companies:
1 has no legal person status, and its legal liability shall be borne by the securities company.
2. The establishment, acquisition or cancellation of a branch of a securities company shall be approved by the Securities Regulatory Bureau authorized by the China Securities Regulatory Commission.
3. The business operated by branches shall not exceed the business scope of securities companies.
4. The cancellation of a branch of a securities company shall not harm the rights and interests of customers.
The securities business department refers to the institution established by a securities company to engage in securities brokerage business, and the securities company shall bear civil liability for the business activities of its securities business department. As a window for securities companies to serve the outside world, the management of securities business department is directly related to the reputation and image of securities companies.
The securities business department is a legal person institution wholly owned by a securities company, and may not be established in the form of joint venture or cooperation, or operated by contract or lease.
An application for restructuring into a securities business department shall meet the following conditions:
1, which meets the needs of the development of the securities market.
2. The working capital shall not be less than 5 million yuan.
3. Securities practitioners shall abide by the relevant provisions of the China Securities Regulatory Commission.
4. Having business premises and trading facilities that meet the requirements.
5. The stock business has a long operation time and a large scale. In principle, the average daily trading agent of stocks and funds in the year reaches 5 million yuan.
6. All the misappropriated customer transaction settlement funds will be returned before the transformation.
7, the illegal absorption of individual and unit funds and other liabilities before the restructuring all repaying.
The functions of the securities business department:
1. The function of a trading agent is to provide securities investors with access to the market, including making inquiries, quotations and completing transactions on behalf of investors. This is the basic function and foundation of the securities business department.
2. The function of providing securities information. It can be divided into three aspects: first, provide timely, fair and true market information, including the variety, price and quantity of transactions and the price and quantity of trading orders; The second is to provide public information released by various market entities, that is, the public information released by the CSRC, exchanges, listed companies and registered companies through designated channels; The third is to provide all kinds of investment consulting information, including market analysis, research reports and investment suggestions.