Featured Product

    CBIRC Issues Notice on Establishing Special Products by Insurance AMCs

    October 25, 2018

    CBIRC issued a notice that sets out requirements to be met by the insurance asset management companies when they establish a special product. The notice is addressed to insurance companies, holding companies of insurance companies, and insurance asset management companies (AMCs).

    The notice covers the following key requirements:

    • Sets out conditions for the product manager, with the product manager being required to have the qualification for issuing portfolio insurance asset management products
    • Clarifies the investment scope of special products, mainly including listed company stocks, publicly issued bonds of listed companies and their shareholders, and non-publicly issued exchangeable bonds
    • Focuses on the exit arrangements for special products by supporting the role of insurance institutions in the role of institutional investors, maintaining the long-term stable operation of listed companies, and clarifying the exit arrangements and procedures of products to ensure a smooth exit
    • Requirements to develop special product risk management and control measures, including the specific requirements put forward from the aspects of account management, closure period, duration, investment concentration, pre-registration, information disclosure, and related transactions
    • Clarifies that the product is not included in the investment ratio of the equity assets of the insurance company

     

    Related Links (in Chinese)

    Keywords: Asia Pacific, China, Insurance, Special Products, Insurance Asset Management Companies, CBIRC

    Featured Experts
    Related Articles
    News

    FSI Paper Examines Use of Suptech Initiatives by Financial Authorities

    The Financial Stability Institute (FSI) of BIS published a paper that examines the suptech developments by analyzing suptech initiatives of 39 financial authorities globally.

    October 17, 2019 WebPage Regulatory News
    News

    US Agencies Consult on Policy Statement on Allowance for Credit Losses

    US Agencies (FDIC, FED, NCUA, and OCC) are consulting on the policy statement on allowances for credit losses and on the guidance on credit risk review systems.

    October 17, 2019 WebPage Regulatory News
    News

    PRA Consults on Approach to Supervising Liquidity and Funding Risks

    In consultation paper (CP27/19), PRA published a proposal (CP27/19) to update the supervisory statement SS24/15 on the PRA approach to supervising liquidity and funding risk.

    October 17, 2019 WebPage Regulatory News
    News

    FSB Report Examines Implementation and Impact of G20 Financial Reforms

    FSB published fifth annual report on the implementation and effects of the G20 financial regulatory reforms.

    October 16, 2019 WebPage Regulatory News
    News

    EBA Launches Consultation on Comprehensive Pillar 3 Disclosures

    EBA proposed the new comprehensive implementing technical standard (ITS) for public disclosures by financial institutions.

    October 16, 2019 WebPage Regulatory News
    News

    EBA Consults on Revised Technical Standards on Supervisory Reporting

    EBA launched a consultation on the revised implementing technical standards, or ITS, on supervisory reporting.

    October 16, 2019 WebPage Regulatory News
    News

    BoE and FCA Examine Use of Machine Learning in Financial Sector in UK

    BoE and FCA published a report on the results of a joint survey by BoE and FCA in 2019 to better understand the use of machine learning in the financial services sector in UK.

    October 16, 2019 WebPage Regulatory News
    News

    BCBS Report Examines Progress on Adoption of Basel Framework

    BCBS published the seventeenth progress report on adoption of Basel regulatory framework.

    October 16, 2019 WebPage Regulatory News
    News

    APRA Proposes Measures to Strengthen Capital for Bank Depositors

    APRA proposed changes to APS 111, which is the prudential standard on measuring capital adequacy and establishes the criteria for regulatory capital requirements of authorized deposit-taking institutions.

    October 15, 2019 WebPage Regulatory News
    News

    EIOPA Consults on Technical Advice for the 2020 Review of Solvency II

    EIOPA is consulting on an opinion that sets out technical advice for the 2020 review of Solvency II.

    October 15, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3981