CBIRC solicits public opinions on the Notice on Relevant Matters Concerning Regulating the Trust Business Classification of Trust Companies
In recent years, the trust business of trust companies has continued to develop, and the business forms have continued to innovate. In order to clarify the boundaries and service connotation of various trust businesses, guide trust companies to give play to the advantages of the trust system in a standardized way, consolidate the governance achievements, and enrich the supply of trust businesses, the CIIRC drafted the Notice on Regulating the Matters Related to the Classification of Trust Businesses of Trust Companies (hereinafter referred to as the Notice), and recently solicited public opinions.
The Notice emphasizes the trustee orientation of trust companies. According to the essence of various trust services, trust business is divided into three categories: asset management trust, asset service trust and public welfare/charitable trust, with the purpose of trust, the way of trust establishment and the content of trust property management as the classification dimensions, and sub items of trust business are subdivided under each category of business to standardize the definition, boundary, service content and prohibited items of each business, Clarify the responsibility subject and work requirements of classified work.
The Notice is a basic system to promote the transformation and development of the trust industry, which plays a positive role in promoting the industry to return to its origin and achieve sustainable and healthy development. In the next step, the CBRC will do a good job of soliciting public opinions on the Notice, fully absorb reasonable opinions and suggestions, and further improve the Notice.
Only in Chinese: http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1087581&itemId=925&generaltype=0
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