Item a is correct. Article 12 stipulates that a securities company shall establish and improve the quality control system of investment banking business, and define the objectives, institutional setup and responsibilities, standards and procedures of quality control. Similar investment banking businesses should formulate and implement unified quality control standards and procedures.
Item b is correct. Article 14 stipulates that a securities company shall set up a permanent or non-permanent core institution to perform the core review and decision-making duties of investment banking business, make independent judgments and express opinions on investment banking business risks. The permanent core institution can be established in the internal control department at the company level or independently at the company level, but it should be independent of the investment banking business line and the quality control department or team.
For mistake c, Article 15 stipulates that a securities company shall set up a core committee as an unconventional core institution. The members of the core committee (hereinafter referred to as the core committee) shall include the personnel of the compliance and risk management departments of securities companies, and express their opinions independently according to their respective responsibilities. When necessary, a securities company may employ external professionals as core members to participate in the core work. If outsiders are employed as core members, securities companies should carefully examine and evaluate their professionalism and independence.
Item d is correct. According to Article 19, the risk management of investment banking business of securities companies refers to controlling the credit, liquidity, operation and other risks of investment banking business through measures such as risk monitoring and evaluation, risk investigation and risk early warning under the company's comprehensive risk management system.