In Finance, What is a Penalty Clause?

Financial markets administration (financial markets administration) refers to the general term for the administrative, legal, and economic management of the currency and capital markets by the state. It includes the formulation and promulgation of financial market management regulations; inspection and supervision of financial market trading activities; approval of financial institution and financial market business licenses; and economic participation in financial market activities. Its emergence has played an important role in regulating the supply and demand of financial markets and maintaining market stability.