The China Banking and Insurance Regulatory Commission issued the "Measures for the Supervision and Management of Commercial Bank Custody Business".

In order to further strengthen the supervision and management of commercial bank custody business, promote the standardized and healthy development of commercial bank custody business, the Financial Regulatory Bureau has formulated the "Administrative Measures for the Supervision and Management of Commercial Bank Custody Business", which is now officially released. Commercial bank custody business has played a positive role in strengthening market supervision, regulating product investment operations, and guarding against moral risks, becoming an important guarantee for the construction of a high-standard financial market system. In recent years, with the growth of the scale of commercial bank custody business and the diversification of custody assets, there is an urgent need to fill the regulatory gap in fundamental supervision systems for commercial bank custody business. Based on the experience of all parties, the Financial Regulatory Bureau has formulated and issued the "Measures" to promote the further standardized development of commercial banks in custody services, strengthen risk management, and is of great significance. The "Measures" consist of five chapters and 49 articles, including general principles, custody responsibilities, management requirements, supervision and management, legal responsibilities, and supplementary provisions. The "Measures" clarify the concept of commercial bank custody business and the basic principles of conducting business, stipulating the requirements that commercial banks conducting custody business must meet. Commercial banks need to establish sound governance structure and management system for custody business and provide appropriate custody services according to their own capabilities and service levels. At the same time, the "Measures" also further strengthen continuous supervisory measures, regulatory penalties, data reporting, self-discipline management, and other related institutional arrangements. The implementation of the "Measures" is conducive to further strengthening the supervision of commercial bank custody business, clarifying the scope and operating norms of commercial bank custody business, enhancing the level of fine management, better playing the role of custody mechanism, and providing more effective support for the development of asset management and other fields. Next, the Financial Regulatory Bureau will continue to urge commercial banks to improve their operational management and risk prevention capabilities, promote the standardized, healthy and high-quality development of custody business.