China: Consultation opened on Administrative Measures for Cybersecurity in the Securities and Futures Industry

On 29 April 2022, the China Securities Regulatory Commission (CSRC) opened a consultation on the draft “Administrative Measures for Cybersecurity in the Securities and Futures Industry”, which includes requirements for network and data security. The draft measures would require entities to implement an early warning system, carry out risk assessments and create data backups. The stakeholders are invited to submit their comments until 29 May 2022.