Shanghai Futures Exchange Amends Rules on Accounts Under Actual Control

The exchange is tightening the framework for identifying accounts that move together, a core tool for spotting hidden concentration and coordinated positioning in Chinese futures markets. The long lead time before the rules take effect signals a deliberate compliance runway rather than an immediate crackdown, giving brokers and trading desks time to adjust account-disclosure and monitoring systems. The detail worth watching is how the exchange defines and evidences "actual control" in practice, since that determines whether the change bites on genuine coordination or merely adds reporting overhead.