The Securities Regulatory Commission requires securities firms to strengthen the control of fraud-related risks and standardize the opening of integrated accounts to carry out on-site inspection.

(Securities Regulatory Commission requires securities firms to strengthen fraud-related risk control, standardize the opening of integrated accounts will carry out on-site inspection)-- according to exclusive information from a number of securities firms, the Securities Regulatory Commission said in a regulatory circular issued a few days ago that in order to strengthen fraud-related risk control, securities firms should standardize the opening of comprehensive accounts and constantly improve their customers' ability to identify abnormal behavior and abnormal transactions. To this end, the SFC has put forward four regulatory requirements. It is reported that the CSRC carried out a pilot project to optimize the account management function in the early stage to optimize the account management function of securities firms, enhance customer experience and meet diversified needs. Since the pilot project, the overall operation has been stable, and industry institutions and investors have responded well. In the next stage, the CSRC will carry out on-site inspection of securities firms' implementation of the measures for the Management of Securities Brokerage Business and standardizing the pilot of comprehensive accounts, and strictly deal with illegal companies and responsible personnel in accordance with the law. (Taurus of China card)