银行间市场经纪业务管理办法发布 自2026年1月1日起施行

Core Viewpoint - The People's Bank of China has issued the "Interbank Market Brokerage Business Management Measures" to enhance regulation of brokerage services in the interbank market, effective from January 1, 2026 [1] Group 1: Regulatory Framework - The measures consist of six chapters and 25 articles, covering general principles, brokerage institutions and personnel, business management, supervision, legal responsibilities, and supplementary provisions [1] - The scope of brokerage services is defined, allowing institutions to provide services in the money market, bill market, gold market, interbank bond market, and related derivatives, while prohibiting brokerage services for financial institutions involved in bond issuance [1] Group 2: Operational Requirements - Brokerage institutions are required to strengthen internal controls and manage the entire business process, including personnel management, due diligence, contract services, pricing inquiries, transaction matching, information disclosure, and record-keeping [1] - The responsibilities of the entrusting party are clarified, mandating the signing of service agreements with brokerage institutions and ensuring the authenticity of communications [1] Group 3: Supervision and Compliance - Enhanced supervision and management are emphasized, with a clear outline of prohibited activities in brokerage business and a mechanism for addressing violations to protect the rights of market participants and maintain market order [1] - The People's Bank of China will strengthen communication and collaboration with various parties to ensure the implementation of these measures and promote the healthy development of brokerage services [1]