Measures for the Connected Transactions of Insurance Companies

September 9, China Banking and Insurance Regulatory Commission issued the Measures for the Connected Transactions of Insurance Companies. There are seven chapters and sixty-four articles in the Measures, which clearly stipulate the identification of affiliated relationship, the internal control management and external supervision. Chapter 1 clarifies the legal basis and general principles for the formulation of the Measures. Chapter 2 clarifies the criteria of affiliated party identification and the types. Chapter 3 clarifies the calculation methods of the amount of different types of related party transactions, and sets proportional supervision indicators for the use of funds related party transactions. ChapterRead More →

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