Today, the reporter learned from relevant sources that the China Securities Association is seeking comments from the industry on revising the “Implementation Rules for the Clean Practice of Securities Management Agencies and Their Staff”. The “Rules” have improved the incentive and restraint mechanism. Clarify the remuneration recovery and deduction mechanism. If a securities management agency confirms that a staff member has acted in an unscrupulous manner, it may recover and deduct the relevant responsible person's remuneration in accordance with the labor contract and company system.

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