Legislation roundup: Internet domain names, auto industry AML and consumer finance
March 31, 2016 | BY
Katherine Jo &clp articles &The MIIT has set registration requirements for websites domiciled in China, the NDRC has further prohibited resale price maintenance by automakers and financial institutions have been encouraged to diversify their consumer loan services
Cybersecurity
Ministry of Industry and Information Technology, Measures for the Administration of Internet Domain Names (Draft for Comments on Amendments)
Services for a domain name that has its internet access carried out in China shall be provided by a domestic domain name registration service organization and operated and administered by a domestic domain name registration administration organization, failing which, the internet service provider may not provide network access services therefor.
See the digest for more details.
Further reading
Transportation
National Development and Reform Commission, Anti-monopoly Guidelines for the Automotive Industry (Draft for Comments)
The Guidelines expressly prohibit reverse price monopoly acts by assembled vehicle manufacturers, include geographical and customer restrictions among vertical monopolistic acts, and prohibit assembled vehicle manufacturers from placing restrictions on the “double-marked parts” of, and the supply and distribution of after-sales parts by, parts manufacturers.
See the digest for more details.
Further reading
Financing
People's Bank of China and China Banking Regulatory Commission, Guiding Opinions on Enhancing Financial Support to New Consumption Sectors
The Opinions encourage qualified banking financial institutions to establish institutions that specially cater to new consumption sectors. They encourage banking financial institutions to consider using new technical means, such as the internet, to carry out remote customer authorization to realize online application for, and approval and extension of, consumer loans.
See the digest for more details.
Further reading
Cybersecurity
Ministry of Industry and Information Technology, Measures for the Administration of Internet Domain Names (Draft for Comments on Amendments)
Services for a domain name that has its internet access carried out in China shall be provided by a domestic domain name registration service organization and operated and administered by a domestic domain name registration administration organization, failing which, the internet service provider may not provide network access services therefor.
See the digest for more details.
Further reading
Transportation
National Development and Reform Commission, Anti-monopoly Guidelines for the Automotive Industry (Draft for Comments)
The Guidelines expressly prohibit reverse price monopoly acts by assembled vehicle manufacturers, include geographical and customer restrictions among vertical monopolistic acts, and prohibit assembled vehicle manufacturers from placing restrictions on the “double-marked parts” of, and the supply and distribution of after-sales parts by, parts manufacturers.
See the digest for more details.
Further reading
Financing
People's Bank of China and China Banking Regulatory Commission, Guiding Opinions on Enhancing Financial Support to New Consumption Sectors
The Opinions encourage qualified banking financial institutions to establish institutions that specially cater to new consumption sectors. They encourage banking financial institutions to consider using new technical means, such as the internet, to carry out remote customer authorization to realize online application for, and approval and extension of, consumer loans.
See the digest for more details.
Further reading
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