These Measures aim to regulate the administrative licensing activities of the China Banking Regulatory Commission (CBRC) and its agencies in the field of rural small and medium sized financial institutions. The Measures consist of Chapters: General provisions (I); Establishment of Institutions with legal person status (II); Establishment of Branches (III); Changes of institutions (IV); Termination of institutions (V); Adjusting the scope of businesses and increasing the varieties of businesses (VI); Legal Liabilities (VII); Supplementary Provisions (VIII). Following issues of rural small and medium financial institutions shall be subject to the administrative licensing of the CBRC and its local offices: the establishment of institutions, institutional change, institutional termination, change of business scope and increasing the variety of businesses, directors and senior management personnel qualifications, and other administrative licensing items prescribed by laws, administrative regulations and decisions of the State Council. The Measures provide for the conditions, procedures and requirements to be satisfied for the application, acceptance, review and approval.
China · 2015-06-05