The CBRC has Formulated the "Measures For The Supervision Of The Conduct Of Major Shareholders Of Bank Insurance Institutions
The China Banking and Insurance Regulatory Commission has formulated the "Measures for the Supervision of the Conduct of Major Shareholders of bank insurance Institutions (for Trial Implementation)", which shall come into effect from the date of issue. The Measures clarify the criteria for identifying major shareholders, strictly regulate and restrain the behavior of major shareholders, and clearly prohibit major shareholders from improperly interfering with the normal operation of bank insurance institutions, using the name of licensed institutions to conduct improper publicity, entrusting others or accepting others' entrustment to attend shareholders' meetings, and using equity to guarantee the debts of unrelated parties.
For the criteria for the identification of major shareholders, the relevant departments of the CBIRC, the "Measures" mainly from the perspective of the shareholding ratio, the impact on the financial institutions to identify major shareholders. Among them, the shareholding ratio standard according to the concentration of equity structure of various bank insurance institutions is divided into 15%, 10% two grades, at the same time, the actual shareholder with the largest shareholding is also recognized as a major shareholder. Influence on financial institutions, on the other hand, is determined by the number of nominated directors and board of directors opinions.
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