According to Article 3 of the Interim Measures for the Administration of Securities and Futures Investment Consulting, to engage in securities and futures investment consulting business, the business license of China Securities Regulatory Commission must be obtained in accordance with the provisions of these Measures. Without the permission of the China Securities Regulatory Commission, no institution or individual may engage in various forms of securities and futures investment consulting business listed in Article 2 of these Measures.
According to Article 12 of the Interim Measures for the Administration of Securities and Futures Investment Consulting, personnel engaged in securities and futures investment consulting business must obtain the qualification of securities and futures investment consulting and join qualified securities and futures investment consulting institutions before they can engage in securities and futures investment consulting business.
Those who have not obtained the qualification of securities and futures investment consulting, or obtained the qualification of securities and futures investment consulting, but have not worked in securities and futures investment consulting institutions, shall not engage in securities and futures investment consulting business.
According to the provisions of Article 32 of the Interim Measures for the Administration of Securities and Futures Investment Consulting, those who engage in the securities and futures investment consulting business stipulated in Article 2 of these Measures without the permission of the China Securities Regulatory Commission shall be ordered by the local securities regulatory bureau to stop, confiscate their illegal income and impose a fine below the equivalent value.
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Interim Measures for the Administration of Securities and Futures Investment Consulting
Article 6 An institution applying for securities and futures investment consulting qualification shall meet the following conditions:
(a) institutions engaged in securities or futures investment consulting business, there are more than five full-time personnel who have obtained securities and futures investment consulting qualifications; At the same time, the institutions engaged in securities and futures investment consulting business have more than ten full-time personnel who have obtained securities and futures investment consulting qualifications; At least one of the senior managers has obtained the qualification of securities and futures investment consulting;
(2) The registered capital is more than RMB1000000;
(3) Having a fixed business place and communication and other information transmission facilities suitable for the business;
(4) Having articles of association;
(5) Having a sound internal management system;
(6) Having other conditions required by the China Securities Regulatory Commission.
Article 7 Securities operating institutions and futures brokerage institutions applying for engaging in securities and futures investment consulting business outside the scope of their own institutions shall meet the conditions stipulated in Article 6 of these Measures.
Other institutions engaged in consulting business may apply for concurrently engaging in securities and futures investment consulting business if they meet the conditions stipulated in Article 6 of these Measures.
China Securities Regulatory Commission-Interim Measures for the Administration of Securities and Futures Investment Consulting