The China Banking and Insurance Regulatory Commission has issued trial rules for the management of lists of seriously untrustworthy entities in the financial sector, with effect from Oct. 1, 2026. The framework sets out when financial institutions, their employees and other relevant entities can be placed on such a list, the supervisory measures that can follow, the procedures for listing and removal, and a mechanism for credit repair. Inclusion is limited to cases where entities have been subject to administrative penalties or other measures by the commission or its local offices and the conduct is deemed particularly egregious and serious. The rules also require procedural safeguards, including prior notice and the opportunity to make statements and present a defense. They further provide for early removal where misconduct has been corrected and adverse effects eliminated, and set verification time limits for that process.
China Banking and Insurance Regulatory Commission2026-07-10
China Banking and Insurance Regulatory Commission issues trial rules for managing lists of seriously untrustworthy financial sector entities
The China Banking and Insurance Regulatory Commission has issued trial rules governing lists of seriously untrustworthy entities in the financial sector, effective Oct. 1, 2026. The rules define who can be listed, what supervisory measures may apply, and the procedures for listing, delisting and credit repair. Inclusion is limited to particularly serious cases involving entities already subject to regulatory penalties or other measures.