The securities broker mentioned in the preceding paragraph refers to a natural person other than a securities company entrusted by a securities company to engage in activities such as customer solicitation and customer service. Article 3 A securities company shall establish and improve the management system of securities brokers, take effective measures to implement centralized and unified management of securities brokers and their practice behaviors, ensure that securities brokers have basic professional ethics and professional quality, and prevent securities brokers from engaging in acts that violate laws and regulations or exceed the agency authority and damage the legitimate rights and interests of customers during their practice. Article 4 A securities broker who is a securities practitioner shall pass the securities qualification examination and meet the prescribed securities qualification conditions.
Securities brokers can only accept the entrustment of securities companies and engage in activities such as customer solicitation and customer service on behalf of securities companies. Article 5 Before signing an entrustment contract with a securities broker, a securities company shall strictly examine its qualifications. A securities company may not sign an entrustment contract with a person who does not meet the prescribed conditions. Article 6 When signing an entrustment contract with a securities broker, a securities company shall follow the principles of equality, voluntariness, honesty and credibility, and fairly determine the rights and obligations of both parties.
The entrustment contract shall specify the following items:
(a) the name of the securities company and the name of the securities broker;
(two) the agency authority of the securities broker;
(3) the agency period of a securities broker.
(4) the securities business department served by securities brokers.
(5) the geographical scope of securities brokers' practice.
(6) Basic code of conduct for securities brokers.
(7) Calculation and payment methods of securities brokers' remuneration.
(eight) the rights and obligations of both parties;
(9) Liability for breach of contract.
The geographical scope of securities brokers' practice should be adapted to the management ability of the securities companies they serve, the customer management level of the securities business department and the reasonable area of customer service. Article 7 A securities company shall provide securities brokers with not less than 60 hours of pre-job training, including not less than 20 hours of training on laws, regulations and professional ethics. Securities companies should test the effect of pre-job training for securities brokers. Article 8 A securities company shall sign an entrustment contract with a securities broker, conduct pre-practice training and pass the examination, and then go through the practice registration with the China Securities Association (hereinafter referred to as the Association). Practice registration items include the name of the securities broker, ID number, agency authority, agency term, securities business department, practice area and company inquiry and complaint telephone number, etc.
After handling the practice registration of securities brokers, a securities company shall print the certificate of securities brokers in accordance with the provisions of the association, affix the official seal of the company and issue it to securities brokers. Securities broker certificates shall be uniformly printed and numbered by the Association. Article 9 In case of any change in the matters specified in the certificate of securities broker, the securities company shall withdraw the certificate, change the personnel's practice registration with the Association, and handle the printing and issuance of new certificates in accordance with the provisions of the second paragraph of Article 8 of these Provisions.
Where a securities company terminates the entrustment relationship with a securities broker, it shall, within 5 working days from the date of termination of the entrustment relationship, withdraw its securities broker certificate and cancel its practice registration. If a securities company fails to withdraw the certificate of securities broker for some reason, it shall announce that the certificate is invalid through newspapers, company websites and other media designated by the China Securities Regulatory Commission within 10 working days from the date of termination of the entrustment relationship. Article 10 A securities broker shall obtain a certificate of securities broker before practicing. A securities broker shall show his securities broker's certificate to clients in the course of practice, clearly indicating the principal-agent relationship with securities companies, and engage in activities such as customer solicitation and customer service within the agency authority, agency period and practice area agreed in the entrustment contract. Article 11 In the course of practicing, a securities broker may accept the entrustment of a securities company and engage in some or all of the following activities:
(a) to introduce the basic situation of securities companies and securities markets to customers;
(two) to introduce the basic knowledge of securities investment and business processes such as account opening, trading and fund access to customers;
(3) Introduce the laws, administrative regulations, regulations of China Securities Regulatory Commission, self-discipline rules and relevant regulations of securities companies related to securities trading to customers.
(4) transmitting research reports and information related to securities investment uniformly provided by securities companies to customers;
(5) transmitting the promotional materials and related information of securities and financial products uniformly provided by securities companies to customers;
(6) Other activities that securities brokers can engage in as stipulated by laws, administrative regulations and the China Securities Regulatory Commission.