What does it mean that the anti-fraud information rules of the same shield are not passed?

Legal analysis: the invalidation of the anti-fraud information rules of the same shield means refusing to handle business. Anti-fraud system has always been regarded as one of the important security measures in the field of mutual funds by the industry. Through the anti-fraud function, some individuals' loan risks can be avoided. First of all, compared with the traditional lending model, cash lending is not high. It can be said that risk control is more reflected in big data. And pay attention to the borrower's willingness to repay rather than ability to repay.

Legal basis: Article 174 of the Criminal Law of People's Republic of China (PRC) establishes a commercial bank, a stock exchange, a futures exchange, a securities company, a futures brokerage company, an insurance company or other financial institutions without the approval of the relevant competent departments of the state, and shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or shall only be fined not less than 20,000 yuan but not more than 200,000 yuan.