We would like to ensure that you are still receiving content that you find useful – please confirm that you would like to continue to receive ILO newsletters.
June 05 2018
On May 2 2018 the People's Bank of China (PBC) released its Circular on Further Intensifying the Management of Credit Information Security.(1)
According to the circular, the PBC will intensify its management of credit information security by:
The circular's appendices include specific measures for points six and seven above. The assessment and rating results of the main aspects of credit compliance and information security (ie, the establishment of an internal control system, personnel and user management, compliance, information security and technical support, and the implementation of a credit-related information management system) have been classified into four levels (Levels A to D). The corresponding regulatory and supervision measures will be imposed according to these levels.
The security inspection measures in the relevant appendix provide further details on such inspections, including the subject matter and the specific procedures that must be followed.
For further information on this topic please contact Samuel Yang at AnJie Law Firm by telephone (+86 10 8567 5988) or email (email@example.com). The AnJie Law Firm website can be accessed at www.anjielaw.com.
(1) Further information is available here.
The materials contained on this website are for general information purposes only and are subject to the disclaimer.
ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription.