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Article 174 The securities industry association is a self-regulating organization for the securities industry and is a public organization with the status of a legal person. A securities company shall join the securities industrial association. The power organ of the securities industrial association is the general assembly of its members.
Article 175 The constitution of the securities industrial association shall be formulated by the general assembly of its members and shall be report to the securities regulatory authority under the State Council for archival purpose
Article 176 The securities industrial association shall perform the following functions and duties:
- Educating and organizing its members to observe the laws and administrative regulations on securities;
- Safeguarding the legitimate rights and interests of its members and reporting the suggestions and requirements of its members to the securities regulatory body;
- Collecting and straightening out the securities information and providing services for its members;
- Formulating the rules that shall be observed by its members, organizing the vocational training for the practitioners of its member entities and carrying out vocational exchange between its members;
- Holding mediation over any dispute regarding securities operation between its members or between its members and clients;
- Organizing its members to make research on the development, operation and the relevant contents of the securities industry;
- Supervising and examining the acts of its members and, according to the relevant provisions, giving a disciplinary sanction to any member that violates any law or administrative regulation or the constitution of the association; and
- Performing any other function and duty as stipulated by the constitution of the industrial association.
Article 177 A council shall be established within the securities industrial association. The members of the council shall be selected through election according to the provisions of the constitution. |
