Page 37 - 期货和衍生品行业监管动态（2026年2月）

期货和衍生品行业监管动态

while also allowing parties affected by an enforcement investigation to learn more

quickly whether the staff will recommend closure of an investigation or an

enforcement action, as well as help ensure efficient use of Commission resources.

2. Facilitating simultaneous consideration of settlement recommendations

and waiver requests: The updated Enforcement Manual reflects that the Commission

recently restored its prior practice of permitting a settling party to request that the

Commission simultaneously consider an offer of settlement and any related request

for a Commission waiver from automatic disqualifications and other collateral

consequences that result from the underlying enforcement action. By providing

potential parties to an SEC action with greater visibility into the collateral effects of a

settlement, these updates conserve Commission resources, enhance the transparency

of its processes, and protect investors by driving significant efficiencies in the

resolution of investigations.

3. Additional Updates to the Enforcement Manual: The updated Enforcement

Manual details the Division’s framework for evaluating cooperation, including the

impact of cooperation on civil penalties. It also includes: changes intended to

encourage more consistent internal collaboration, updates regarding the formal order

process, an updated framework for referrals to criminal authorities, and other changes
intended to conform the Enforcement Manual to current best practices within the

Division.

https://www.sec.gov/newsroom/press-releases/2026-20-secs-division-enforcement-an

nounces-updates-enforcement-manual

11. 美国商品期货交易委员会工作人员重新发布第 25-50 号工作人员函，增加关

于商品基金管理人委托安排的额外无异议立场（2026 年 2 月 26 日）

美国商品期货交易委员会（CFTC）市场参与者部（MPD）重新发布了 CFTC

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