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China unveil rules on information security in capital market

Source:   Time:

BEIJING, Sept. 27 (Xinhua) -- China's securities regulator on Thursday unveiled a set of measures on safeguarding information security in the securities and futures industries, which will take effect on Nov. 1.

The China Securities Regulatory Commission (CSRC) announced the release of the measures in a statement posted on its website, saying that the measures have specified major market participants' obligations to ensure information safety.

Institutions in the securities and futures industries must meet basic requirements in infrastructure, information systems, network isolation, safety protection and management rules, according to the measures.

The measures also listed requirements on system upgrading and modification, data backup and storage, as well as ensuring funds for information technicians, the statement said.

The CSRC said it will make more detailed requirements based on the realities of securities, funds and future industries, among others, in an effort to promote their capabilities in safeguarding information security.

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