Announcement of the National Association of Financial Market Institutional Investors

 2018-06-26  45


· Document Number:Announcement No. 34 [2016] of the National Association of Financial Market Institutional Investors

· Area of Law: Banking & Finance

· Level of Authority: Industry Regulations

· Date issued:10-24-2016

· Effective Date:10-24-2016

· Status: Effective

· Issuing Authority: National Association of Financial Market Institution Investors

 

Announcement of the National Association of Financial Market Institutional Investors
(No. 34 [2016])
Announcement on Adjusting the Interbank Bond Market Access Requirements for Qualified Non-Financial Institutional Investors
For purposes of maximizing the role of trading platform for qualified non-financial institutional investors (hereinafter referred to as the “trading platform”), and promoting the development of the multi-level bond market, in accordance with the official reply of the Financial Market Department of the People's Bank of China (No. 22 [2016], PBC), a qualified non-financial institutional investor meeting the following conditions may conduct bond investment transactions through the trading platform.
I. It is a legally formed corporate body, partnership, or any other organization, its business operations comply with laws and regulations, and it has continuously operated for not less than one year.
II. If it is an investment company or any other institution that has completed registration at the relevant administrative department or the industry self-regulatory organization authorized by it in accordance with the law, the net value of the financial assets it holds or manages shall not be less than ten million yuan, and if it is any other organization, its net assets shall not be less than ten million yuan.
III. It has corresponding rules and positions for the bond investment business, and its employees at such positions have attended the relevant training organized by the National Association of Financial Market Institutional Investors and intermediaries in the interbank market and obtained corresponding qualification certificates.
IV. It has no records of violation of laws or serious violation of regulations in the last year.
V. Other conditions set forth by the PBC.
Non-financial institutions meeting the aforesaid conditions shall, in accordance with the requirements of the Notice of the Financial Market Department of the People's Bank of China on Matters concerning the Entry of Qualified Non-Financial Institutional Investors into the Interbank Bond Market (No. 35 [2014], PBC), effectively conduct recordation, account opening and networking, and conduct bond transactions according to relevant regulations.
Annexes: 1. Official Reply of the Financial Market Department of the People's Bank of China on Approving the Adjustments to the Interbank Bond Market Access Requirements for Qualified Non-Financial Institutional Investors (No. 22 [2016], PBC) (Omitted)
2. Notice of the Financial Market Department of the People's Bank of China on Matters concerning the Entry of Qualified Non-Financial Institutional Investors into the Interbank Bond Market (No. 35 [2014], PBC) (Omitted)
National Association of Financial Market Institutional Investors
October 24, 2016