【金融街发布】中国人民银行发布《银行间市场经纪业务管理办法》

Core Points - The People's Bank of China has issued the "Management Measures for Interbank Market Brokerage Business," effective from January 1, 2026, to enhance regulation and transparency in the interbank market [1] Group 1: Regulatory Framework - The new measures consist of six chapters and twenty-five articles, covering general principles, brokerage institutions and personnel, business management, supervision, legal responsibilities, and supplementary provisions [1] - The measures clarify the scope of brokerage services, allowing institutions to provide services in the money market, bill market, gold market, interbank bond market, and related derivatives, but prohibit brokerage services for financial institutions participating in bond issuance [1] Group 2: Operational Standards - Brokerage institutions are required to strengthen internal controls and manage the entire business process, enhancing the standardization of personnel management, due diligence, service agreements, pricing inquiries, transaction matching, information disclosure, and record-keeping [1] - The responsibilities of the client are defined, requiring them to sign service agreements with brokerage institutions, cooperate in due diligence, and manage communication tools to ensure the authenticity of the commission [1] Group 3: Supervision and Compliance - The measures emphasize enhanced supervision and management, outlining prohibited activities in brokerage business and improving mechanisms for investigating and penalizing violations to protect the legal rights of market participants and maintain market order [1]