单、大额报撤单达到交易所处理标准的，按照一次认定。

If a client reaches the threshold for the Exchange to take actions as a result of self-trade, frequent placement and cancellation of orders or placement and cancellation of large orders in multiple contracts of the same product in a single trading day, the act shall be deemed as a single occurrence of abnormal trading activity.

5.在统计客户自成交、频繁报撤单和大额报撤单次数 时，因即时全部成交或撤销限价指令、即时成交剩余撤销限 价指令、市价指令形成的自成交行为不计入自成交次数统计。因即时全部成交或撤销限价指令、即时成交剩余撤销限价指令、市价指令自动形成的撤单行为不计入频繁报撤、大额报撤单次数统计，由客户主动发出的撤单行为计入撤单次数统计。

套期保值交易所产生的自成交、频繁报撤单和大额报撤单行为不构成异常交易行为。

做市交易所产生的频繁报撤单行为不构成异常交易行为。

When calculating the number of times of self-trade, frequent placement and cancellation of orders and placement and cancellation of large orders by aclient, self-trade resulting from fill- or-kill (FOK) orders, fill-and-kill (FAK) orders, and market orders shall not be included into the number of times of self-trade. Cancellation of orders resulting automatically from fill-or- kill (FOK) orders, fill-and-kill (FAK) orders, and market orders shall not be included into the number of times of frequent placement and cancellation of orders orplacement and cancellation of large orders. Cancellation of orders initiated by a client shall be counted into the number of times of order cancellation.

Self-trade, frequent placement and cancellation of orders and placement and cancellation of large orders resulting from hedge trading shall not be deemed as abnormal trading activities.

Frequent placement and cancellation of orders resulting from market making shall not be deemed as abnormal trading activities.

6.实际控制关系账户之间自成交、频繁报撤单、大额报撤单行为合并计算，其监管标准与单个客户相同。

Self-trade, frequent placement and cancellation of orders and placement and cancellation of large orders between Actual Control Accounts shall be determined on an aggregate basis and subject to the same regulatory criteria as applicable to a single client.

（二） 处理程序

(II) Handling Procedures

客户第一次出现自成交、频繁报撤单、大额报撤单行为达到交易所处理标准的，交易所于当日对客户所在会员进行电话提示。第二次出现，交易所将该客户列入重点监管名单。第三次出现，交易所于当日收市后对客户采取限制开仓的监管措施，限制开仓的时间原则上不低于 1 个月。

If a client reaches, for the first time, the threshold for the Exchange to take actions due to its self-trade, frequent placement and cancellation of orders orplacement and cancellation of large orders, the Exchange will issue an alert via telephone to the client’s carrying member on the same day; if a client reaches the threshold for the second time, the Exchange will place the clienton the priority regulatory watch list; and if a client reaches the threshold forthe third time, the Exchange will, after market close on the same day, take the regulatory measure of suspending the opening of new positions by the client generally for no less than one month.

二、 实际控制关系账户合并持仓超限行为的监管标准及 处理程序

Aggregate Position Held through Actual Control Accounts Exceeding Applicable Position Limit

(一)监管标准

Regulatory Criteria

“两个或者两个以上涉嫌存在实际控制关系的交易编码” 是指根据交易所有关规定标准认定的具有实际控制关系的账户。

交易所对实际控制关系账户的持仓合并计算。

一组实际控制关系账户单日在单品种多个月份期权合 约上因合并持仓超限达到交易所处理标准的，按照一次认定。

“Two or more trading codes with suspected actual control relationship” refers to accounts affiliated by an actual control relationship as identified accordingto the criteria under applicable rules of the Exchange.

The Exchange determines positions held through Actual Control Accounts on an aggregate basis.

If a group of Actual Control Accounts reaches the threshold for the Exchange totake actions as a result of the aggregate positions in multiple optionscontracts of the same product held through the Actual Control Accounts exceeding applicable position limit, the act shall be deemed as a single occurrence of abnormal trading activity.

(二)处理程序

(II) Handling Procedures

1.实际控制关系账户组第一次出现合并持仓超限行为的，交易所将该组实际控制关系账户列入重点监管名单，并在当日收市后通知所在会员，要求客户自行平仓。

客户在次日上午收市前未自行平仓的，交易所对客户持仓进行强行平仓，直至合并持仓不高于交易所规定的持仓限额，同时于强行平仓当日收市后对其采取限制开仓的监管措施，限制开仓的时间原则上不低于 1 个月。

If the aggregate positions held through a group of Actual Control Accounts exceed the applicable position limit for the first time, the Exchange will placesuch group of Actual Control Accounts on the priority regulatory watch list and, after market close on the same day, notify the clients’ carrying members,and require the clients to voluntarily close out their positions.

If the clients fail to voluntarily close out their positions before the end of the morning trading session on the following trading day, the Exchange will carry out forced liquidation on their positions until the aggregate positions are no higher than the position limit prescribed by the Exchange and, after market close on the day of forced liquidation, take the regulatory measure ofsuspending the opening of new positions by the clients generally for no lessthan one month.

2.实际控制关系账户组第二次出现合并持仓超限行为的，交易所在当日收市后通知所在会员，要求客户自行平仓。客户自行平仓的，对该组实际控制关系账户采取限制开仓的监管措施，限制开仓的时间原则上不低于 10 个交易日。

客户在次日上午收市前未自行平仓的，交易所对客户持仓进行强行平仓，直至合并持仓不高于交易所规定的持仓限额，同时于强行平仓当日收市后对其采取限制开仓的监管措施，限制开仓的时间原则上不低于 1 个月。

If the aggregate positions held through the group of Actual Control Accounts exceed the position limit for the second time, the Exchange will, after marketclose on the same day, notify the clients’ carrying members and require the clients to voluntarily close out their positions. If the clients voluntarily close out their positions, the Exchange will suspend the opening of new positions through such group of Actual Control Accounts generally for no less than 10 trading days.

3.实际控制关系账户组第三次出现合并持仓超限行为的，交易所在当日收市后通知所在会员，要求客户自行平仓。客户在次日上午收市前未自行平仓的，交易所对客户持仓进行强行平仓，直至合并持仓不高于交易所规定的持仓限额。交易所对该组实际控制关系账户采取限制开仓的监管措施， 限制开仓的时间原则上不低于 6 个月，并视情况采取进一步措施。

上述规定自 2019 年 12 月 23 日起实施。

If the aggregate positions held through the group of Actual Control Accounts exceed the position limit for the third time, the Exchange will, after market close on the same day, notify the clients’ carrying members and require the clients to voluntarily close out their positions. If the clients fail to voluntarily close out their positions before the end of the morning trading session on the following trading day, the Exchange will carry out forced liquidation on their positions until the aggregate positions are no higher than the position limit prescribed by the Exchange. Additionally, the Exchange will take the regulatory measure of suspending the opening of new positions throughsuch group of Actual Control Accounts generally for no less than six months and may take further measures if necessary.

These Rules shall come into effect on December 23, 2019.