Study On DT Securities Company Establishing Compliance Management System

The high-risk characteristic is the one of the basic characteristics of the stock market. Securities firms are the market's major players, and since they act multiple roles such as the distribution intermediaries, the trading intermediaries, the investors, the financiers, and the information providers, hence the securities firms become the focal point of the stock market risk inevitably. The risk of Security Company is divided into the market risk, the credit risk, the liquidity risk, the operational risk, the legal risk and the systemic risk by the International Organization of Securities Commissions. It is the illegal operation that is still the primary reason that causes the six risks by the comprehensive analysis of factors of the domestic securities companies.According to Comprehensive program of work for securities companies of China Securities Regulatory Commission at 2005, the main statuses of the securities firms at that time are inaccurate report, unlisted business, misappropriation of client assets with a huge financing gap, irregular operations and high-interest finance with huge hidden losses, fake equity and unclear shareholders and financing and transferring risk used by shareholders, failure management and malfeasance of executives, narrow profit channels and failure maintenance the whole industry. And the main feature of the traditional regulation mode is researching mistakes and correcting disadvantages and the effect is perceptibly. The result of only depending enforcement is expensive and inefficient. The goal of carrying out and establishing management systems of securities firms is the realization of active compliance, the improvement of securities immunity and the promotion of regulation level. And thus, it is the careful study of the meaning of the compliance management system and the production of the background, the analysis of the status and the problems of the Chinese security companies, the study of domestic and foreign financial institutions' approaches and experiences to the risk management, and the construct of our country securities firms' the risk management systems quickly that have the great practical significance.In this paper, we research the content of regulatory compliances deeply, draw on the domestic and international management experiences of the financial institution, combine the our country cultural characteristics and institutional background of the securities industry, analyze and summarize problems of regulatory compliances of security firms in the junior phase, study the securities firms' the regulatory management structure and the regulations establishment and culture establishment and external supervision. We pose significant strategies and suggestions about how to establish and improve the regulatory compliance system of security firms.