In order to thoroughly implement the new “Nine National Rules”, on April 19, the Securities Regulatory Commission formulated and issued the “Regulations on the Administration of Securities Transaction Fees for Publicly Raised Securities Investment Funds”, which will be officially implemented on July 1, 2024. Meanwhile, the Securities Regulatory Commission will organize industry institutions to complete the initial stock transaction commission rate adjustment by July 1. The “Regulations” consist of 19 articles. The main contents include four aspects: first, reducing commission rates for fund stock trading; second, reducing the upper limit of commission allocations for fund managers; third, comprehensively strengthening relevant compliance and internal control requirements for fund managers and securities companies; and fourth, clarifying the content and requirements for disclosure of transaction commission information at the fund manager level. Earlier, on December 8, 2023, the Securities Regulatory Commission researched and formulated the “Regulations on Strengthening the Administration of Securities Trading in Publicly Raised Securities Investment Funds (Draft for Comments)”. A brokerage researcher told reporters that the basic ideas and main contents of the “Regulations” are basically the same as the previous “Draft for Solicitation of Comments”; only the corresponding details have been revised and improved. (Securities Daily)