【中英文对照版】证券公司风险处置条例(2023修订).docx

证券公司风险处置条例（2008年4月23日中华人民共和 国国务院令第523号公布根据 2016年2月6日国务院关于修改 部分行政法规的决定第一次修订 根据2023年7月20日国务院关 于修改和废止部分行政法规的决 定第二次修订）第一章总 则证券公司风险处置条例(2023修订)RegulationontheRiskDisposalofSecuritiesCompanies(2023Revision)制定机关：国务院发文字号：中华人民共和国国务院令第764号公布日期：2023.07.20施行日期：2023.07.20效力位阶：行政法规法规类别：证券综合规定IssuingAuthority：StateCouncilDocumentNumber：OrderNo.764oftheStateCouncilofthePeople'sRepublicofChinaDateIssued：07-20-2023EffectiveDate：07-20-20231.evelofAuthority：AdministrativeRegulationsAreaofLaw：GeneralProvisionsonSecuritiesRegulationontheRiskDisposalofSecuritiesCompanies(PromulgatedbyOrderNo.523oftheStateCouncilofthePeople'sRepublicofChinaonApril23,2008;revisedforthefirsttimeinaccordancewiththeDecisionoftheStateCouncilonAmendingSomeAdministrativeRegulationsonFebruary6,2016;andrevisedforthesecondtimeinaccordancewiththeDecisionoftheStateCounciltoAmendandRepealCertainAdministrativeRegulationsonJuly20,2023)ChapterIGeneralProvisionsArticle1Tocontrolandeliminatetherisksofsecuritiescompanies,protectinvestors'legitimaterightsandinterestsandpublicinterests,andsafeguardthehealthydevelopmentofthesecuritiesindustry,thisRegulationisformulatedinaccordancewiththeSecuritiesLawofthePeople,sRepublicofChina(hereinafterreferredtoasSecuritiesLaw)andtheEnterpriseBankruptcyLawofthePeople,sRepublicofChina(hereinafterreferredtoasEnterpriseBankruptcyLaw).Article2ThesecuritiesregulatoryagencyundertheStateCouncilshallbeinchargeoforganizing,coordinatingandsupervisingthedisposalofrisksofsecuritiescompanies.Article3ThesecuritiesregulatoryagencyundertheStateCouncilshallsetupacoordination,cooperationandquickresponsemechanismfordisposingtherisksofsecuritiescompaniestogetherwiththePeople'sBankofChina,thepublicfinancedepartmentundertheStateCouncil,thepublicsecuritydepartmentundertheStateCouncil,otherfinancialregulatoryagenciesundertheStateCouncilandthepeople'sgovernmentsattheprovinciallevel.Article 4 Inthecourseofdisposingtherisksofsecuritiescompanies,therelatedlocalpeople'sgovernmentsshalltakeeffectivestepstomaintainsocialstability.第一条 为了控制和化解证券 公司风险，保护投资者合法权益和 社会公共利益，保障证券业健康发 展，根据中华人民共和国证券 法（以下简称证券法）、 中华人民共和国企业破产法 （以下简称企业破产法），制 定本条例。第二条国务院证券监督管理 机构依法对处置证券公司风险工作 进行组织、协调和监督。第三条国务院证券监督管理 机构应当会同中国人民银行、国务 院财政部门、国务院公安部门、国 务院其他金融监督管理机构以及省 级人民政府建立处置证券公司风险 的协调配合与快速反应机制。第四条 处置证券公司风险过 程中，有关地方人民政府应当采取 有效措施维护社会稳定。第五条 处置证券公司风险过 程中，应当保障证券经纪业务正常 进行。Article 5 Itisrequiredtoguaranteethenormalproceedingofthestockbrokeragebusinessinthecourseofdisposingtherisksofsecuritiescompanies.ChapterIlStoppingBusinessforRectification,Custody,Taking-overandAdministrativeRestructuringArticle6WherethesecuritiesregulatoryagencyundertheStateCouncilfindsoutthatthereareseriouspotentialrisksinasecuritiescompany,itmaysendtheriskmonitoringonsiteworkinggrouptomakeaspecial-purposeinspectiononthesecuritiescompany,keepmonitoringoverthetransferoffunds,disposalofassets,dispatchofpersonnel,useofseals,conclusionandperformanceofcontractandotheroperationandmanagementactivitiesofthesecuritiescompany,andreporttherelevantinformationtotherelatedlocalpeople'sgovernmentbetimes.Article7Whereasecuritiescompanyfailstoreachtherelevantstandardsinriskcontrolindicatorsandfailstofinishrectificationwithinaprescribedtimelimit,thesecuritiesregulatoryagencyundertheStateCouncilmayorderittostoppartorallbusinessforrectificationforaperiodofnomorethanthreemonths.Ifitsstockbrokeragebusinessisorderedtobestoppedforrectification,thesecuritiescompanymay,withinaprescribedtimelimit,entrustthebusinesstoasecuritiescompanyrecognizedbythesecuritiesregulatoryagencyundertheStateCouncilortransferitsclientstoothersecuritiescompany.Ifitfailstodosowithintheprescribedtimelimit,thesecuritiesregulatoryagencyundertheStateCouncilW川transferitsclientstoothersecuritiescompany.第二章停业整顿、托管、接管、 行政重组第六条国务院证券监督管理 机构发现证券公司存在重大风险隐 患，可以派出风险监控现场工作组 对证券公司进行专项检查，对证券 公司划拨资金、处置资产、调配人 员、使用印章、订立以及履行合同 等经营、管理活动进行监控，并及 时向有关地方人民政府通报情况。第七条 证券公司风险控制指 标不符合有关规定，在规定期限内 未能完成整改的，国务院证券监督 管理机构可以责令证券公司停止部 分或者全部业务进行整顿。停业整 顿的期限不超过3个月。证券经纪业务被责令停业整顿的， 证券公司在规定的期限内可以将其 证券经纪业务委托给国务院证券监 督管理机构认可的证券公司管理， 或者将客户转移到其他证券公司。 证券公司逾期未按照要求委托证券 经纪业务或者未转移客户的，国务 院证券监督管理机构应当将客户转 移到其他证券公司。第八条证券公司有下列情形Article8Whereasecuritiescompanyfallsunderanyofthefollowingcircumstances,thesecuritiesregulatoryagencyundertheStateCouncilmaykeepcustodyofitsstockbrokeragebusinessandotherbusinessinvolvingclients,and,ifthecircumstancesareserious,takeoverthecompany:1. Itsgovernanceisinchaosanditsmanagementisoutofcontrol.之一的，国务院证券监督管理机构 可以对其证券经纪等涉及客户的业 务进行托管；情节严重的，可以对 该证券公司进行接管：（一）治理混乱，管理失控;二）挪用客户资产并且不能自行2. Ithasembezzledtheassetsofclientsandcannotmakethemupwithitsownfund.弥补;3. Ithasdefaultedindeliveryinsecuritiestransactionsettlementformanytimes,ortheamountinvolvedinitsdefaultisrelativelyhuge.4. Itfailstoreachtherelevantstandardsintermsofriskcontrolindicators,oritishavingaseriousfinancialcrisis.5. Othercircumstanceswhichmayaffectthecontinuousoperationofthecompany.Article9IfthesecuritiesregulatoryagencyundertheStateCouncildecidestokeepcustodyofthestockbrokeragebusinessandotherbusinessinvolvingclientsofasecuritiescompany,itshall,byfollowingtheprescribedprocedure,selectsecuritiescompaniesandotherprofessionalagenciestoformacustodygrouptoexercisethebusinessmanagementrightoverthestockbrokeragebusinessandotherbusinessinvolvingclientsofthesecuritiescompany.（三）在证券交易结算中多次发生 交收违约或者交收违约数额较大；（四）风险控制指标不符合规定, 发生重大财务危机；（五）其他可能影响证券公司持续 经营的情形。第九条国务院证券监督管理 机构决定对证券公司证券经纪等涉 及客户的业务进行托管的，应当按 照规定程序选择证券公司等专业机 构成立托管组，行使被托管证券公 司的证券经纪等涉及客户的业务的 经营管理权。托管组自托管之日起履行下列职Thecustodygroupshallperformthefollowingdutiesfromthedatewhenitkeepscustodyof责:theaforesaidbusiness:1. ensuringthenormalandregulation-compliantoperationofthestockbrokeragebusinessofthesecuritiescompanyundercustody,and,whennecessary,payingtheworkingcapitalandclients*transactionsettlementfundinadvanceinaccordancewiththerelevantprovisions;2. takingeffectivemeasurestosafeguardthesafetyofclients*assetsduringtheperiodofcustody;3. checkingtherisksexistinginthesecuritiescompany,reportingemergencysituationsencounteredinbusinessoperationstothesecuritiesregulatoryagencyundertheStateCouncilinatimelymanner,andproposingsolutionstosuchsituations;and4. otherdutiesasspecifiedbythesecuritiesregulatoryagencyundertheStateCouncil.Thecustodyperiodisgenerally12monthsatmost.Ifcontinualcustodyisneeded12monthslater,thesecuritiesregulatoryagencyundertheStateCouncilmaymakeadecisiononextendingthecustodyperiodforanother12monthsatmost.（一）保障证券公司证券经纪业务 正常合规运行，必要时依照规定垫 付营运资金和客户的交易结算资 金；（二）采取有效措施维护托管期间 客户资产的安全；（三）核查证券公司存在的风险， 及时向国务院证券监督管理机构报 告业务运行中出现的紧急情况，并 提出解决方案；（四）国务院证券监督管理机构要 求履行的其他职责。托管期限一般不超过12个月。满 12个月，确需继续托管的，国务院 证券监督管理机构可以决定延长托 管期限，但延长托管期限最长不得 超过12个月。第十条被托管证券公司应当 承担托管费用和托管期间的营运费 用。国务院证券监督管理机构应当 对托管费用和托管期间的营运费用 进行审核。Article10Thesecuritiescompanyundercustodyshallpayforthecustodyfeeandtheoperationcostincurredduringthecustodyperiod.ThesecuritiesregulatoryagencyundertheStateCouncilshallexamineandverifytheaforesaidtwofees.Thecustodygroupassumesnoliabilityforthelossesofthesecuritiescompanyundercustody.Article11IfthesecuritiesregulatoryagencyundertheStateCouncildecidestotakeoverasecuritiescompany,itshallsetupataking-overgroupcomposedofprofessionalsinaccordancewiththeprescribedproceduretoexercisethebusinessmanagementrightofthesecuritiescompany.Thepersoninchargeofthetaking-overgroupshallexercisethefunctionsandpowersofthelegalrepresentativeofthesecuritiescompany,andthe(general)meetingofshareholders,theboardofdirectors,theboardofsupervisors,managersanddeputymanagersofthesecuritiescompanyshallallstopperformingtheirfunctionsandduties.Thetaking-overgroupshallperformthefollowingdutiesfromthedatewhenthetakeoverhappens:1. takingovertheproperty,seals,accountbooks,documentsandothermaterialofthesecuritiescompany;2. makingdecisionsonthemanagerialaffairsofthesecuritiescompany;3. ensuringthenormalandregulation-compliantoperationofthestockbrokeragebusinessofthesecuritiescompany,andperfectingtheinternalcontrolsystem;托管组不承担被托管证券公司的亏 损。第十一条国务院证券监督管 理机构决定对证券公司进行接管 的，应当按照规定程序组织专业人 员成立接管组，行使被接管证券公 司的经营管理权，接管组负责人行 使被接管证券公司法定代表人职 权，被接管证券公司的股东会或者 股东大会、董事会、监事会以及经 理、副经理停止履行职责。接管组自接管之日起履行下列职 责：（一）接管证券公司的财产、印章 和账簿、文书等资料；（二）决定证券公司的管理事务;（三）保障证券公司证券经纪业务 正常合规运行，完善内控制度；（四）清查证券公司财产，依法保4. takingstockofthepropertyofthesecuritiescompany,andpreservingandrecoveringitsassetsaccordingtolaw;5. keepingtherisksofthesecuritiescompanyundercontrol,andputtingforwardsolutionstosuchrisks;6. investigatingtheillegalactsofrelevantworkersofthesecuritiescompany;and7. otherdutiesasspecifiedbythesecuritiesregulatoryagencyundertheStateCouncil.Thetaking-overperiodisgenerally12monthsatmost.Ifcontinualtaking-overisneeded12monthslater,thesecuritiesregulatoryagencyundertheStateCouncilmaymakeadecisiononextendingthetaking-overperiodforanother12monthsatmost.全、追收资产;（五）控制证券公司风险，提出风险化解方案；（六）核查证券公司有关人员的违法行为；（七）国务院证券监督管理机构要求履行的其他职责。接管期限一般不超过12个月。满12个月，确需继续接管的，国务院证券监督管理机构可以决定延长接管期限，但延长接管期限最长不得超过12个月。Article12Whenasecuritiescompanyisfacingwithseriousrisks,ifitsatisfiesthefollowingconditions,itmaydirectlyapplytothesecuritiesregulatoryagencyundertheStateCouncilforadministrativerestructuring:第十二条证券公司出现重大风险，但具备下列条件的，可以由国务院证券监督管理机构对其进行行政重组：1.Itsfinancialinformationisauthenticandcomplete.（一）财务信息真实、完整;2.Itenjoyssupportfromtheprovincialpeople'sgovernmentorotherpartyconcerned.（二）省级人民政府或者有关方面予以支持；3.itsmeasuresforrectificationarespecificandithasafeasiblerestructuringplan.（三）整改措施具体，有可行的重组计划。Forasecuritiescompanyorderedtostop被停业整顿、托管、接管的证券公司，具备前款规定条件的，也可以 由国务院证券监督管理机构对其进 行行政重组。businessforrectification,undercustodyortaken-over,ifitsatisfiestheabove-mentionedconditions,itmayalsobeadministrativelyrestructuredbythesecuritiesregulatoryagencyundertheStateCouncil.第十三条 证券公司进行行政 重组，可以采取注资、股权重组、 债务重组、资产重组、合并或者其 他方式。Article13Asecuritiescompanymayconductadministrativerestructuringbywayofcapitalincrease,stockequityrestructuring,debtrestructuring,assetsrestructuring,mergerorotherform.行政重组期限一般不超过12个 月。满12个月，行政重组未完成 的，国务院证券监督管理机构可以 决定延长行政重组期限，但延长行 政重组期限最长不得超过6个月。Theadministrativerestructuringperiodisgenerallynomorethan12months.Iftheadministrativerestructuringisnotdone12monthslater,thesecuritiesregulatoryauthorityoftheStateCouncilmaydecidetoextendtheadministrativerestructuringperiod.However,theextensionperiodforadministrativerestructuringshallnotexceed6months.国务院证券监督管理机构对证券公 司的行政重组进行协调和指导。ThesecuritiesregulatoryagencyundertheStateCouncilshallcoordinateandguidetheadministrativerestructuringofsecuritiescompanies.第十四条国务院证券监督管 理机构对证券公司做出责令停业整 顿、托管、接管、行政重组的处置 决定，应当予以公告，并将公告张 贴于被处置证券公司的营业场所。Article14AnydisposaldecisionmadebythesecuritiesregulatoryagencyundertheStateCouncilonorderingasecuritiescompanytostopbusinessforrectification,keepingcustodyofasecuritiescompany,takingoverasecuritiescompanyorallowingasecuritiescompanytoconductadministrativerestructuringshallbeannounced,andtheannouncementshallbepostedattheplaceofbusinessofthesecuritiescompanyconcerned.处置决定包括被处置证券公司的名 称、处置措施、事由以及范围等有 关事项。Suchadecisionshallcontainthenameofthesecuritiescompanydisposed,thedisposalmeasure,reasons,coverageandotherrelatedissues.处置决定的公告日期为处置日，处 置决定自公告之时生效。Thedateofpublicationofsuchadecisionshallbethedateofdisposal,andthedecisionshallcomeintoforcefromthetimewhenitispublished.第十五条证券公司被责令停 业整顿、托管、接管、行政重组 的，其债权债务关系不因处置决定 而变化。Article15Forasecuritiescompanywhichisorderedtostopbusinessforrectification,keptundercustody,takenoverorsubjecttoadministrativerestructuring,itsdebtor-creditorrelationshipdoesnotchangeforanydisposaldecision.第十六条 证券公司经停业整 顿、托管、接管或者行政重组在规 定期限内达到正常经营条件的，经 国务院证券监督管理机构批准，可 以恢复正常经营。Article16Ifasecuritiescompanyreachesthenormaloperationconditionswithintheprescribedtimelimitafterbeingorderedtostopbusinessforrectification,keptundercustody,takenoverorsubjecttoadministrativerestructuring,itmayresumeitsnormaloperationupontheapprovalofthesecuritiesregulatoryagencyundertheStateCouncil.第十七条 证券公司经停业整 顿、托管、接管或者行政重组在规 定期限内仍达不到正常经营条件， 但能够清偿到期债务的，国务院证 券监督管理机构依法撤销其证券业 务许可。Article17Ifasecuritiescompanystillcannotreachthenormaloperationconditionswithintheprescribedtimelimitafterbeingorderedtostopbusinessforrectification,keptundercustody,takenoverorsubjecttoadministrativerestructuring,butitisabletopayoffduedebts,thesecuritiesregulatoryagencyundertheStateCouncilshallcancelitssecuritiesbusinesslicenseaccordingtolaw.第十八条被撤销证券业务许Article18Asecuritiescompanywhichhas可的证券公司应当停止经营证券业 务，按照客户自愿的原则将客户安 置到其他证券公司，安置过程中相 关各方应当采取必要措施保证客户 证券交易的正常进行。beencanceledofthesecuritiesbusinesslicenseshallstoprunningsecuritiesbusiness,andarrangeitsclientstoothersecuritiescompaniesbasedonthefreewillofclients.Intheprocessofsucharrangement,allpartiesconcernedmusttakenecessarymeasurestosecurethenormalproceedingoftheclients1securitiestrading.被撤销证券业务许可的证券公司有 未安置客户等情形的，国务院证券 监督管理机构可以比照本条例第三 章的规定，成立行政清理组，清理 账户、安置客户、转让证券类资 产。Ifanysecuritiescompanywhichhasbeencanceledofthesecuritiesbusinesslicensefailstoarrangeitsclientsproperly,thesecuritiesregulatoryagencyundertheStateCouncilmayestablishanadministrativeliquidatinggroupinaccordancewiththeprovisionsofChapterIIIofthisRegulationtoputaccountsinorder,settleclientsandtransfersecuritiesassets.第三章撤 销ChapterIIICancellation第十九条证券公司同时有下 列情形的，国务院证券监督管理机 构可以直接撤销该证券公司：Article19Whereasecuritiescompanyfallsunderthefollowingcircumstancessimultaneously,thesecuritiesregulatoryagencyundertheStateCouncilmaydirectlycancelit:（一）违法经营情节特别严重、存 在巨大经营风险；1. thecircumstancesofitsillegaloperationareparticularlyserious,andtherearehugeoperatingrisks;（二）不能清偿到期债务，并且资 产不足以清偿全部债务或者明显缺 乏清偿能力；2. itcannotpayoffduedebts,anditsassetsarenotenoughtopayoffalldebtsoritobviouslylackstherepaymentability;and（三）需要动用证券投资者保护基 金。3. itssituationrequiresfinancialsupportfromthesecuritiesinvestorprotectionfund.第二十条 证券公司经停业整 顿、托管、接管或者行政重组在规 定期限内仍达不到正常经营条件， 并且有本条例第十九条第（二）项 或者第（三）项规定情形的，国务 院证券监督管理机构应当撤销该证 券公司。Article20Ifasecuritiescompanystillcannotreachthenormaloperationconditionswithintheprescribedtimelimitafterbeingorderedtostopbusinessforrectification,keptundercustody,takenoverorsubjecttoadministrativerestructuringandfallsunderanyofthecircumstancesprescribedinArticle19(2)and(3)ofthisRegulation,thesecuritiesregulatoryagencyundertheStateCouncilshallcancelthecompany.第二十一条国务院证券监督 管理机构撤销证券公司，应当做出 撤销决定，并按照规定程序选择律 师事务所、会计师事务所等专业机 构成立行政清理组，对该证券公司 进行行政清理。Article21Tocancelasecuritiescompany,thesecuritiesregulatoryagencyundertheStateCouncilshallmakeadecisionofcancellation,selectprofessionalagenciesincludinglawfirmandaccountingfirmtoformanadministrativeliquidatinggroupinaccordancewiththeprescribedprocedure,andsubjectthecompanytoadministrativeliquidation.撤销决定应当予以公告，撤销决定 的公告日期为处置日，撤销决定自 公告之时生效。Adecisionofcancellationshallbepublished,thedateofpublicationofthedecisionshallbethedateofdisposal,andthedecisionshallcomeintoforcefromthetimewhenitispublished.本条例施行前，国务院证券监督管 理机构已经对证券公司进行行政清 理的，行政清理的公告日期为处置 日。Fortheadministrativeliquidationconductedbythesecuritiesregul