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CBRC Issues E-bank Management Measures
February 13, 2006 |
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Comments | Category: Law & Policy
The China Banking Regulatory Commission (CBRC) has issued the E-bank Service Management Measures and the E-bank Safety Evaluation Guide and will formally put them into force on March 1, 2006.
The two documents have for the first time included the burgeoning e-banking service into the government's supervision and regulation.
Measures define e-banking and its business ranges and stipulates the conditions, requirements and procedures for financial institutions to apply for e-banking service and how to alter their service category.
The new measures also define cross-border e-banking services as well as the related requirements for those features.
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