The China Banking and Insurance Regulatory Commission has revised and issued the "Administrative Penalty Measures", which will take effect from July 1st.

On April 30th, according to the website of the China Banking and Insurance Regulatory Commission, in order to further implement the spirit of the Central Financial Work Conference, optimize the administrative penalty enforcement methods, and continuously promote the high-quality implementation of administrative penalties, the China Banking and Insurance Regulatory Commission revised and issued the "Administrative Penalty Measures", which will be implemented from July 1st, 2025. The revised "Administrative Penalty Measures" include ten chapters including general principles, jurisdiction, case filing and investigation, evidence collection, trial, deliberation, rights notification and hearing, decision and enforcement, legal responsibilities, and supplementary provisions, totaling one hundred articles. The main revisions include: first, improving administrative penalty decision-making and procedures, adding provisions for collective decision-making by responsible leaders of administrative organs in major complex cases, and setting up procedures for suspending and closing cases in administrative penalty cases. Second, optimizing administrative penalty jurisdiction and coordination mechanisms, expanding the scope of administrative penalties from banks and insurance institutions to financial institutions, clarifying rules for division of administrative penalty jurisdiction and external coordination mechanisms. Third, improving investigation, evidence collection, and rules for remedy of parties' rights, clarifying procedures for non-penalty and enforcement procedures. Fourth, strengthening full-process supervision and digital construction, adding procedures for actively correcting errors in administrative penalty decisions or when administrative penalties are revoked, establishing an administrative penalty tracking evaluation mechanism, and improving regulations related to electronic service and public notices. The revision and implementation of the "Administrative Penalty Measures" will help improve the standardization and scientific nature of financial regulatory administrative penalty work, guide financial institutions to form correct behavior expectations, and better serve economic and social development.