The central bank publicly solicited opinions on the "Administrative Measures for Related Transactions (Soliciting Opinions) of Financial Holdings Company"

Today, the People's Bank of China publicly solicited opinions on the "Administrative Measures for Related Transactions (Soliciting Opinions)" of the Financial Holdings Company. "Measures" A total of 7 chapters and 48, including the general rules, related parties of the financial holding company at the same level, and the affiliated transactions, internal management, reporting and disclosure, supervision and management of financial holding companies. The main contents include: one is to determine the scope of the related parties at this level of the financial holding company, the other is to divide the related transaction category from multiple dimensions, the third is to propose the overall requirements of internal management, the fourth is to classify the specific requirements of related related transactions, and the fifth is a strengthening report. And disclosure requirements, six are clear supervision and management measures.

The "Measures" also requires financial holding companies to carry out the principles of penetrating recognition, reasonable and fair, open and transparent, and governance independence. The first is to identify, identify, manage related parties and affiliate transactions in accordance with the essence of the form and penetration principles. The People's Bank of China can supplement and penetrate the identification on this basis. The second is that related transactions should meet the principles of reasonable business, have a real business background, and ensure that the trading conditions are reasonable and the transaction price is fair. The third is to carry out related transactions to be open and transparent. Through timely and full information disclosure, let the stakeholders understand the group's business operation and strengthen the role of market constraints. Fourth, the financial holding company should maintain the independent operation of the auxiliary institutions and exercise the rights of shareholders through the company's governance procedures.

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