People's Bank of China, Announcement [2009] No.11

Promulgated: July 16 2009
Effective: as of date of promulgation

Main contents: When a securities company engages in securities asset management business on the interbank bond market, it shall set up a dedicated bond account for each asset management plan (including pooled asset management plan, dedicated asset management plan and directed asset management plan). The account name shall be “name of the securities company – name of the custodian – name of the asset management plan” (Article 1). Asset management plans may carry out bond transactions and settlement directly or through a settlement agent (Article 2). The bond accounts of a securities company may not carry out bond transactions with each other except for bond distribution business (Article 9).

Related legislation: Measures for the Administration of Bond Transactions in the National Interbank Bond Market, Apr 30 2000, CLP 2000 No.6 p.9; and Measures for the Administration of the Registration, Custody and Settlement of Bonds in the Interbank Bond Market, Mar 26 2009