China Securities Association Issues Bond Advisory Rules with 6-Month Transition, Effective Feb 5, 2027

The Securities Association of China (SAC) has issued the Management Rules for Bond Investment Advisory Business of Securities Companies. The rules are designed to strengthen self-regulation of bond investment advisory business, standardize the business conduct and service methods of bond investment advisors, and prevent conflicts of interest and operational risks between bond investment advisory business and related businesses.

The rules were approved at the fourth meeting of the SAC's eighth council and have been filed with the China Securities Regulatory Commission (CSRC). A six-month transition period has been set, and the rules will formally take effect on February 5, 2027.