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INE:Notice on Investigation and Penalties for Violations of Relevant Rules and Regulations in September 2020

 Shanghai International Energy Exchange (hereinafter referred to as “INE”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations in September 2020 are listed as follows:

In the aspect of administration of abnormal trading behaviors, INE has dealt with a total of 8 cases, which 2 were self-trades，6 were frequent order cancellations. INE has separately notified the relevant clients by phone through the members and placed 1 client on the Exchange’s watch list, notified 1 abnormal trading behaviors to all the members.

In the aspect of identification and cooperative investigation of accounts with actual control relationship, INE has identified 20 groups of 37 clients that exist the actual control relationship.

In the aspect of inspecting cases violating trading rules，INE has dealt with 3 cases suspected of violation trading rules， which were price fluctuation caused by program errors or market price orders.INE reminds investors to be in compliance with its rules in the trading activities and cooperate with the reporting of actual control relationship accounts.


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