Legislation roundup: Foreign exchange, patent disputes and wealth management

April 18, 2013 | BY

clpstaff &clp articles

SAFE has issued Guidelines over the interbank forex market, while the SPC has revised Provisions for patent disputes. The CBRC has also produced a Circular regulating the investment operations of wealth management of commercial banks

Foreign exchange

State Administration of Foreign Exchange, Guidelines for Market Makers of the Interbank Foreign Exchange Market (Revised)

国家外汇管理局银行间外汇市场做市商指引 (修订)

The revised Guidelines remove the requirements on capital adequacy ratio and cross-border receipts and payments on behalf of customers for spot trading and forward swap trading market makers of the interbank foreign exchange market. For comprehensive market makers, there is no longer a requirement on capital adequacy ratio, but they are required to have obtained the qualifications of spot trading and forward swap trading market makers for at least three years.

See the digest for more details.

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