KYB CHINA(2021年9月8日国务院第148次常务会议通过 2021年10月26日中华人民共和国国务院令第749号公布 自2022年1月1日起施行)
(Adopted at the 148th executive meeting of the State Council on September 8, 2021, promulgated by Order No. 749 of the State Council of the People's Republic of China on October 26, 2021, and effective as of January 1, 2022)
为了规范证券期货领域行政执法当事人承诺制度的实施，保护投资者合法权益，维护市场秩序，提高行政执法效能，根据《中华人民共和国证券法》(以下简称《证券法》)等法律，制定本办法。
These Measures are formulated in accordance with the Securities Law of the People's Republic of China (hereinafter referred to as the Securities Law) and other laws, for the purposes of regulating the implementation of the administrative law enforcement undertaking system in the securities and futures field, protecting the legitimate rights and interests of investors, maintaining market order, and improving the efficiency of administrative law enforcement.
本办法所称行政执法当事人承诺，是指国务院证券监督管理机构对涉嫌证券期货违法的单位或者个人进行调查期间，被调查的当事人承诺纠正涉嫌违法行为、赔偿有关投资者损失、消除损害或者不良影响并经国务院证券监督管理机构认可，当事人履行承诺后国务院证券监督管理机构终止案件调查的行政执法方式。
For the purposes of these Measures, the term 'administrative law enforcement undertaking' refers to an administrative law enforcement method whereby, during the investigation of a unit or individual suspected of violating securities or futures laws by the securities regulatory authority of the State Council, the investigated party undertakes to correct the suspected illegal acts, compensate the relevant investors for losses, and eliminate the harm or adverse effects, and such undertaking is recognized by the securities regulatory authority of the State Council; after the party fulfills the undertaking, the securities regulatory authority of the State Council terminates the case investigation.
行政执法当事人承诺制度的实施应当遵循公平、自愿、诚信原则，不得损害国家利益、社会公共利益和他人合法权益。
The implementation of the administrative law enforcement undertaking system shall follow the principles of fairness, voluntariness, and good faith, and shall not harm national interests, public interests, or the legitimate rights and interests of others.
国务院证券监督管理机构应当确定专门的内设部门负责行政执法当事人承诺工作，并将该内设部门与负责案件调查的内设部门分别设置。
The securities regulatory authority of the State Council shall designate a specialized internal department to be responsible for the administrative law enforcement undertaking work, and such department shall be established separately from the internal department responsible for case investigation.
国务院证券监督管理机构应当建立健全内部监督和社会监督制度，加强对负责行政执法当事人承诺工作的内设部门以及相关人员执行法律、行政法规和遵守纪律情况的监督。
The securities regulatory authority of the State Council shall establish and improve internal supervision and social supervision systems, and strengthen supervision over the compliance with laws, administrative regulations, and discipline by the internal department responsible for administrative law enforcement undertaking work and its relevant personnel.
当事人自收到国务院证券监督管理机构案件调查法律文书之日至国务院证券监督管理机构作出行政处罚决定前，可以依照《证券法》等法律和本办法的规定，申请适用行政执法当事人承诺。国务院证券监督管理机构应当在送达当事人的案件调查法律文书中告知其有权依法申请适用行政执法当事人承诺。
From the date a party receives the legal documents for case investigation from the securities regulatory authority of the State Council until before the securities regulatory authority of the State Council makes an administrative penalty decision, the party may apply for the application of the administrative law enforcement undertaking in accordance with the Securities Law and other laws and these Measures. The securities regulatory authority of the State Council shall, in the legal documents for case investigation served to the party, inform the party of its right to apply for the application of the administrative law enforcement undertaking in accordance with the law.
当事人申请适用行政执法当事人承诺，应当提交申请书以及相关申请材料。申请书应当载明下列事项：
A party applying for the application of the administrative law enforcement undertaking shall submit a written application and relevant supporting materials. The written application shall include the following matters:
(一)当事人的基本情况；
(1) Basic information of the party;
(二)提出申请的主要事实和理由；
(2) Main facts and reasons for the application;
(三)当事人已采取或者承诺采取的纠正涉嫌违法行为、赔偿有关投资者损失、消除损害或者不良影响的措施；
(3) Measures that the party has taken or undertakes to take to correct the suspected illegal acts, compensate the relevant investors for losses, and eliminate the harm or adverse effects;
(四)国务院证券监督管理机构规定的其他事项。
(4) Other matters as prescribed by the securities regulatory authority of the State Council.
当事人应当对其所提交材料的真实性、准确性、完整性负责。
The party shall be responsible for the authenticity, accuracy, and completeness of the materials submitted.
有下列情形之一的，国务院证券监督管理机构对适用行政执法当事人承诺的申请不予受理：
In any of the following circumstances, the securities regulatory authority of the State Council shall not accept the application for the application of the administrative law enforcement undertaking:
(一)当事人因证券期货犯罪被判处刑罚，自刑罚执行完毕之日起未逾3年，或者因证券期货违法行为受到行政处罚，自行政处罚执行完毕之日起未逾1年；
(1) The party has been sentenced to criminal punishment for securities or futures crimes, and less than three years have elapsed since the completion of the execution of the criminal punishment, or has been subject to administrative punishment for securities or futures illegal acts, and less than one year has elapsed since the completion of the execution of the administrative punishment;
(二)当事人涉嫌证券期货犯罪，依法应当移送司法机关处理；
(2) The party is suspected of securities or futures crimes and shall be transferred to a judicial authority for handling in accordance with the law;
(三)当事人涉嫌证券期货违法行为情节严重、社会影响恶劣；
(3) The suspected securities or futures illegal acts of the party are serious in nature and have adverse social impact;
(四)当事人已提出适用行政执法当事人承诺的申请但未被受理，或者其申请已被受理但其作出的承诺未获得国务院证券监督管理机构认可，没有新事实、新理由，就同一案件再次提出申请；
(4) The party has previously applied for the application of the administrative law enforcement undertaking but the application was not accepted, or the application was accepted but the undertaking made was not recognized by the securities regulatory authority of the State Council, and the party reapplies for the same case without new facts or reasons;
(五)当事人因自身原因未履行或者未完全履行经国务院证券监督管理机构认可的承诺，就同一案件再次提出申请；
(5) The party, due to its own reasons, failed to perform or fully perform the undertaking recognized by the securities regulatory authority of the State Council, and reapplies for the same case;
(六)国务院证券监督管理机构基于审慎监管原则认为不适用行政执法当事人承诺的其他情形。
(6) Other circumstances where the securities regulatory authority of the State Council, based on the principle of prudent supervision, deems the administrative law enforcement undertaking inapplicable.
国务院证券监督管理机构应当自收到当事人完整的申请材料之日起20个工作日内，作出受理或者不予受理的决定。决定受理的，发给受理通知书；决定不予受理的，应当书面通知当事人并说明理由。
The securities regulatory authority of the State Council shall, within 20 working days from the date of receiving the complete application materials from the party, make a decision to accept or not accept the application. If it decides to accept, it shall issue a notice of acceptance; if it decides not to accept, it shall notify the party in writing and state the reasons.
国务院证券监督管理机构受理申请后，在与当事人签署承诺认可协议前，不停止对案件事实的调查。
After accepting the application, the securities regulatory authority of the State Council shall not suspend the investigation of the case facts before signing the undertaking recognition agreement with the party.
国务院证券监督管理机构自受理申请之日起，可以根据当事人涉嫌违法行为造成的损失、损害或者不良影响等情况，就适用行政执法当事人承诺相关事项与当事人进行沟通协商。
From the date of accepting the application, the securities regulatory authority of the State Council may, based on the losses, harm, or adverse effects caused by the party's suspected illegal acts, engage in communication and negotiation with the party on matters related to the application of the administrative law enforcement undertaking.
当事人提交的材料以及在沟通协商时所作的陈述，只能用于实施行政执法当事人承诺。
The materials submitted by the party and the statements made during communication and negotiation may only be used for the implementation of the administrative law enforcement undertaking.
国务院证券监督管理机构与当事人进行沟通协商的期限为6个月。经国务院证券监督管理机构主要负责人或者其授权的其他负责人批准，可以延长沟通协商的期限，但延长的期限最长不超过6个月。
The period for communication and negotiation between the securities regulatory authority of the State Council and the party is six months. With the approval of the principal responsible person of the securities regulatory authority of the State Council or other responsible persons authorized by them, the period for communication and negotiation may be extended, but the extended period shall not exceed six months at most.
国务院证券监督管理机构与当事人沟通协商应当当面进行，并制作笔录。国务院证券监督管理机构与当事人进行沟通协商的工作人员不得少于2人，并应当向当事人出示执法证件。
The securities regulatory authority of the State Council shall conduct communication and negotiation with the party in person and make written records. The number of staff members of the securities regulatory authority of the State Council who communicate and negotiate with the party shall not be less than two, and they shall present their law enforcement credentials to the party.
国务院证券监督管理机构与当事人进行沟通协商的工作人员不得违反规定会见当事人及其委托的人。
Staff members of the securities regulatory authority of the State Council who communicate and negotiate with the party shall not meet with the party or its authorized representatives in violation of regulations.
国务院证券监督管理机构相关工作人员与案件有直接利害关系或者有其他关系，可能影响公正执法的，应当回避。
If a relevant staff member of the securities regulatory authority of the State Council has a direct interest in the case or has other relationships that may affect impartial law enforcement, they shall recuse themselves.
当事人认为国务院证券监督管理机构相关工作人员有前款规定情形的，有权申请其回避。当事人提出回避申请，应当说明理由。国务院证券监督管理机构应当自当事人提出回避申请之日起3日内作出决定，并书面告知当事人。决定作出之前，被申请回避的人员不停止相关工作。
If the party believes that a relevant staff member of the securities regulatory authority of the State Council falls under the circumstances specified in the preceding paragraph, it has the right to apply for their recusal. The party shall state the reasons for the recusal application. The securities regulatory authority of the State Council shall make a decision within three days from the date of receiving the recusal application and notify the party in writing. Before the decision is made, the person subject to the recusal application shall not cease relevant work.
国务院证券监督管理机构经与当事人沟通协商，认可当事人作出的承诺的，应当与当事人签署承诺认可协议。承诺认可协议应当载明下列事项：
If the securities regulatory authority of the State Council, after communication and negotiation with the party, approves the commitments made by the party, it shall sign a commitment recognition agreement with the party. The commitment recognition agreement shall specify the following matters:
(一)申请适用行政执法当事人承诺的事由；
(1) The reasons for applying for the administrative law enforcement party commitment;
(二)当事人涉嫌违法行为的主要事实；
(2) The main facts of the party's suspected illegal acts;
(三)当事人承诺采取的纠正涉嫌违法行为、赔偿有关投资者损失、消除损害或者不良影响的具体措施；
(3) Specific measures the party commits to take to rectify the suspected illegal acts, compensate for losses of relevant investors, and eliminate harm or adverse effects;
(四)承诺金数额及交纳方式；
(4) The amount of the commitment fund and the method of payment;
(五)当事人履行承诺的期限；
(5) The time limit for the party to fulfill the commitments;
(六)保障当事人商业秘密、个人隐私等权利的措施；
(6) Measures to protect the party's trade secrets, personal privacy, and other rights;
(七)需要载明的其他事项。
(7) Other matters that need to be specified.
本办法所称承诺金，是指当事人为适用行政执法当事人承诺而交纳的资金。
The term 'commitment fund' as used in these Measures refers to the funds paid by the party to apply for the administrative law enforcement party commitment.
国务院证券监督管理机构确定承诺金数额应当综合考虑下列因素：
The securities regulatory authority of the State Council shall determine the amount of the commitment fund by comprehensively considering the following factors:
(一)当事人因涉嫌违法行为可能获得的收益或者避免的损失；
(1) The gains the party may have obtained or losses avoided due to the suspected illegal acts;
(二)当事人涉嫌违法行为依法可能被处以罚款、没收违法所得的金额；
(2) The amount of fines or confiscation of illegal gains that may be imposed on the party for the suspected illegal acts according to law;
(三)投资者因当事人涉嫌违法行为所遭受的损失；
(3) The losses suffered by investors due to the party's suspected illegal acts;
(四)签署承诺认可协议时案件所处的执法阶段；
(4) The stage of law enforcement at the time of signing the commitment recognition agreement;
(五)需要考虑的其他因素。
(5) Other factors that need to be considered.
国务院证券监督管理机构可以就适用行政执法当事人承诺涉及的专业问题征求证券期货交易场所、证券登记结算机构、投资者保护机构等相关机构或者专家学者的意见。
The securities regulatory authority of the State Council may seek opinions from relevant institutions such as securities and futures exchanges, securities registration and settlement institutions, investor protection institutions, or experts and scholars on professional issues involved in the application of the administrative law enforcement party commitment.
国务院证券监督管理机构与当事人签署承诺认可协议后，应当中止案件调查，向当事人出具中止调查决定书，并予以公告。
After signing the commitment recognition agreement with the party, the securities regulatory authority of the State Council shall suspend the case investigation, issue a suspension of investigation decision letter to the party, and make a public announcement.
当事人完全履行承诺认可协议后，国务院证券监督管理机构应当终止案件调查，向当事人出具终止调查决定书，并予以公告。国务院证券监督管理机构出具终止调查决定书后，对当事人涉嫌实施的同一个违法行为不再重新调查。
After the party fully fulfills the commitment recognition agreement, the securities regulatory authority of the State Council shall terminate the case investigation, issue a termination of investigation decision letter to the party, and make a public announcement. After issuing the termination of investigation decision letter, the securities regulatory authority of the State Council shall not reinvestigate the same illegal act suspected to have been committed by the party.
申请适用行政执法当事人承诺的当事人为《证券法》等法律、行政法规和国务院证券监督管理机构规定的信息披露义务人的，应当依法履行信息披露义务。
If the party applying for the administrative law enforcement party commitment is an information disclosure obligor as specified in the Securities Law and other laws, administrative regulations, and the securities regulatory authority of the State Council, it shall fulfill its information disclosure obligations according to law.
有下列情形之一的，国务院证券监督管理机构应当终止适用行政执法当事人承诺：
Under any of the following circumstances, the securities regulatory authority of the State Council shall terminate the application of the administrative law enforcement party commitment:
(一)当事人在签署承诺认可协议前撤回适用行政执法当事人承诺的申请；
(1) The party withdraws its application for the administrative law enforcement party commitment before signing the commitment recognition agreement;
(二)未能在本办法第十一条规定的期限内签署承诺认可协议；
(2) Failing to sign the commitment recognition agreement within the time limit specified in Article 11 of these Measures;
(三)承诺认可协议签署后，当事人因自身原因未履行或者未完全履行承诺；
(3) After the commitment recognition agreement is signed, the party fails to perform or fully perform the commitment due to its own reasons;
(四)承诺认可协议履行完毕前，发现当事人提交的材料存在虚假记载或者重大遗漏；
(4) Before the commitment recognition agreement is fully performed, it is discovered that the materials submitted by the party contain false records or material omissions;
(五)承诺认可协议履行完毕前，当事人因涉嫌证券期货犯罪被依法立案。
(5) Before the commitment recognition agreement is fully performed, the party is legally placed on file for suspected securities or futures crimes.
发生前款规定情形的，国务院证券监督管理机构应当向当事人出具终止适用行政执法当事人承诺通知书；发生前款第一项至第四项情形的，还应当及时恢复案件调查。国务院证券监督管理机构在决定终止适用行政执法当事人承诺前，应当听取当事人的意见。
In the event of the circumstances specified in the preceding paragraph, the securities regulatory authority of the State Council shall issue a notice of termination of the application of the administrative law enforcement party commitment system to the party; in the event of circumstances specified in items (1) to (4) of the preceding paragraph, the case investigation shall also be promptly resumed. Before deciding to terminate the application of the administrative law enforcement party commitment system, the securities regulatory authority of the State Council shall hear the opinions of the party.
国务院证券监督管理机构应当建立集体决策制度，讨论决定行政执法当事人承诺实施过程中的申请受理、签署承诺认可协议、中止或者终止案件调查等重大事项，并经国务院证券监督管理机构主要负责人或者其授权的其他负责人批准后执行。
The securities regulatory authority of the State Council shall establish a collective decision-making system to discuss and decide on major matters in the implementation of the administrative law enforcement party commitment system, including application acceptance, signing of commitment recognition agreements, suspension or termination of case investigations, and such decisions shall be implemented after approval by the principal responsible person of the securities regulatory authority of the State Council or other authorized responsible persons.
投资者因当事人涉嫌违法行为遭受损失的，可以向承诺金管理机构申请合理赔偿，也可以通过依法对当事人提起民事赔偿诉讼等其他途径获得赔偿。承诺金管理机构向投资者支付的赔偿总额不得超过涉及案件当事人实际交纳并用于赔偿的承诺金总额。投资者已通过其他途径获得赔偿的，不得就已获得赔偿的部分向承诺金管理机构申请赔偿。
Investors who suffer losses due to the suspected illegal acts of the party may apply to the commitment fund management institution for reasonable compensation, or may obtain compensation through other channels such as filing civil compensation lawsuits against the party. The total compensation paid by the commitment fund management institution to investors shall not exceed the total amount of commitment funds actually paid by the party involved in the case and used for compensation. Investors who have already obtained compensation through other channels shall not apply to the commitment fund management institution for compensation for the part already compensated.
承诺金管理和使用的具体办法由国务院证券监督管理机构会同国务院财政部门另行制定。
The specific measures for the management and use of commitment funds shall be separately formulated by the securities regulatory authority of the State Council in conjunction with the finance department of the State Council.
当事人有下列情形之一的，由国务院证券监督管理机构记入证券期货市场诚信档案数据库，纳入全国信用信息共享平台，按照国家规定实施联合惩戒：
If a party falls under any of the following circumstances, the securities regulatory authority of the State Council shall record it in the securities and futures market integrity archive database, include it in the national credit information sharing platform, and implement joint disciplinary actions in accordance with national regulations:
(一)因自身原因未履行或者未完全履行承诺；
(1) Failing to perform or fully perform the commitment due to its own reasons;
(二)提交的材料存在虚假记载或者重大遗漏；
(2) Submitting materials containing false records or material omissions;
(三)违背诚信原则的其他情形。
(3) Other circumstances that violate the principle of good faith.
国务院证券监督管理机构工作人员违反规定适用行政执法当事人承诺，或者泄露履行职责中知悉的商业秘密、个人隐私的，依法给予处分；构成犯罪的，依法追究刑事责任。
If a staff member of the securities regulatory authority of the State Council violates regulations by applying the administrative law enforcement party commitment system, or discloses trade secrets or personal privacy learned in the course of performing duties, disciplinary action shall be taken according to law; if a crime is constituted, criminal liability shall be pursued according to law.
本办法自2022年1月1日起施行。
These Measures shall come into effect as of January 1, 2022.