In addition to elaborating the Tentative Measures for the Administration of Overseas Utilization of Foreign Exchange Insurance Funds, the Implementation Rules further establish the basic management structure, duties and responsibilities, their basic operations and management procedures, and their selection following market-oriented principles for the insurance company (the entrusting party), the investment management institution (the entrusted party) and the commercial bank (the custodian). The Implementing Rules also add new overseas products such as structured deposits, mortgaged-backed securities and money market funds. It also introduces independent third parties in supervising funds flow, internal control mechanisms, accounting, credit rating and assets evaluation.
National LegislationACCOUNTINGAccounting Treatment Concerning the Pilot Projects for Securitization of Credit Assets Provisions信贷资产证券化试点会计处理规定L3100/05.05.16…
Issued: February 28 2005Effective: as of date of issueInterpreting authority: China Insurance Regulatory CommissionApplicability: The Guidelines apply…
Issued: February 28 2005Effective: as of date of issueInterpreting authority: China Insurance Regulatory CommissionApplicability: The Guidelines apply…
Issued: March 14 2005Effective: as of date of issueMain contents: Starting from the date of this Notice, foreign-invested banks applying to engage in the…
Promulgated: February 24 2005Effective: April 1 2005Applicability: These Provisions apply to road traffic accidents involving motor vehicles occurring…
Issued: March 10 2005Main contents: Insurance agency (brokerage) institutions may apply for an exemption from paying deposits when taking out occupational…
Issued: December 11 2004Effective: as of date of issueMain contents: The Notice permits foreign-invested life insurance companies to provide health insurance,…
Issued: December 16 2004Effective: as of date of issueApplicability: In the event of a conflict between previous documents issued by the China Insurance…