The China Banking and Insurance Regulatory Commission revised and reissued its Measures on the qualification management of directors or council members and senior management of banking financial institutions, with the updated framework taking effect from 1 June 2025. The changes are intended to strengthen entry screening and ongoing supervisory oversight of senior appointments. The revised Measures comprise seven chapters and 45 articles, covering qualification conditions, approval and reporting processes, institutions’ management responsibilities, supervisors’ ongoing oversight and legal liability. Key changes include recalibrating how regulatory penalties affect an individual’s eligibility to serve, applying a proportionality approach by differentiating types of sanctions and specifying the period for which they impact appointments. The Measures also place greater responsibility on institutions to strengthen selection and appointment procedures and standards, and require both the institution and the proposed appointee to be accountable for the truthfulness and completeness of application and reporting materials; other updates standardise items subject to a reporting-based regime, unify reporting deadlines, and align terminology and conditions with related laws and supervisory rules. The revised Measures will apply from 1 June 2025.
China Banking and Insurance Regulatory Commission 2025-04-25
China Banking and Insurance Regulatory Commission issues revised qualification rules for bank directors and senior managers effective 1 June 2025
The China Banking and Insurance Regulatory Commission has revised its Measures on the qualification management of directors and senior management in banking financial institutions, effective 1 June 2025. The updates enhance entry screening, recalibrate regulatory penalties' impact on eligibility, and impose greater responsibility on institutions for selection procedures. The Measures also standardize reporting requirements and align with related laws and supervisory rules.