People's Bank of China and China Banking Regulatory Commission, Administration of Pilot Projects for Securitization of Credit Assets Procedures

中国人民银行、中国银行业监督管理委员会信贷资产证券化试点管理办法

June 02, 2005 | BY

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Promulgated: April 20 2005Effective: as of date of promulgationInterpreting authority: People's Bank of China and China Banking Regulatory CommissionMain…

Clp Reference: 3610/05.04.20 Promulgated: 2005-04-20 Effective: 2005-04-20

Promulgated: April 20 2005
Effective: as of date of promulgation
Interpreting authority: People's Bank of China and China Banking Regulatory Commission

Main contents: The Procedures comprise nine parts:
Part One: General Provisions
Part Two: Credit Asset Securitization Sponsors and Special Purpose Trusts
Part Three: The Trustee of a Special Purpose Trust
Part Four: Loan Service Institutions
Part Five: Fund Custodians
Part Six: Offering and Trading of Asset Backed Securities
Part Seven: Information Disclosure
Part Eight: Rights of Holders of Asset Backed Securities and the Exercise Thereof
Part Nine: Supplementary Provisions
Related legislation: PRC People's Bank of China Law (Revised), Dec 27 2003, CLP 2004 No.1 p4; PRC Banking Regulation Law, Dec 27 2004 No.1 p45; PRC Trust Law, Apr 28 2001, CLP 2001 No.5 p22; Administration of Bond Transactions in the National Inter-bank Bond Market Procedures, Apr 30 2000, CLP 2000 No.6 p9 and Verification of the Trading and Circulation of Bonds in the National Inter-bank Bond Market Rules, Dec 7 2004, CLP 2005 No.2 p6

clp reference:3610/05.04.20prc reference:中国人民银行、中国银行业监督管理委员会公告 [2005] 第 7 号promulgated:2005-04-20effective:2005-04-20

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