The draft rules leverage good regulatory practices from the asset management industry both domestically and overseas, the CBIRC says.
May 6, 2022Related party transactions approved before 1 April under the old rules will require approval from shareholders.
April 7, 2022The RBI has bolstered its supervisory focus at banks amid findings of compliance, risk management and internal audit weaknesses.
April 5, 2022Listed companies are asked to improve the effectiveness of their financial reporting controls and the quality of their accounting information.
March 28, 2022The rules seek to strengthen the management of related party transactions and improve the quality of opinions issued by external experts.
January 28, 2022Banks and insurers have to put in place mechanisms to identify, monitor and manage related parties and related party transactions by March 2022.
January 19, 2022The law strengthens the responsibilities, loyalty and diligence obligations of controlling shareholders and management personnel to protect investors.
January 17, 2022High-value debt listed entities must submit reports on their related party transactions to stock exchanges every six months.
January 13, 2022Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.
January 13, 2022Foreign investors will be able to increase their stakes in insurance asset management companies to 100 percent and assume control.
December 14, 2021