银行卡清算机构监管新规促行业规范发展

Core Viewpoint - The revised "Regulations on the Management of Bank Card Clearing Institutions" aims to establish a healthy and high-quality development framework for bank card clearing institutions, ensuring their safety and protecting financial consumer rights, effective from November 1, 2025 [1][2]. Summary by Relevant Sections Regulatory Mechanism Improvement - The revision addresses the need for a refined regulatory mechanism to promote the healthy development of the bank card clearing market, following the market's opening in 2015 and the initial regulations established in 2016 [2]. - The new regulations simplify administrative licensing requirements for bank card clearing institutions, enhancing transparency and optimizing the legal business environment [2][4]. New Features of the Regulations - The revised regulations introduce two new chapters on "Operational Management" and "Supervisory Management," detailing daily operational and regulatory requirements for clearing institutions [3]. - Specific requirements for risk management systems, information sharing, and reporting are established, mandating institutions to effectively identify and manage various risks, including credit, liquidity, operational, cybersecurity, data security, and reputational risks [3][4]. - Legal responsibilities for illegal clearing activities are clarified, with penalties for unauthorized operations and potential criminal prosecution for serious violations [3]. Market Development and Compliance - The regulations aim to enhance market entry and regulatory mechanisms, ensuring transparent and orderly market operations while promoting healthy competition among clearing institutions [4][5]. - By emphasizing risk management and penalizing illegal activities, the regulations create a fair competitive environment and encourage diverse market participation [5]. - The regulations also focus on improving compliance management, transitioning from quantity-based growth to quality-based growth for bank card clearing institutions [5][6].