Shang Hai Zheng Quan Bao·2025-12-12 19:25Core Viewpoint - The Financial Regulatory Bureau has released the "Supervision and Management Measures for Custody Business of Commercial Banks (Trial)" to clarify the basic rules for custody business and enhance management standards, effective from February 1, 2026 [1] Group 1: Overview of Custody Business - Custody refers to the act of commercial banks providing asset safekeeping and related services as an independent third party for various financial products and investment portfolios [1] - The scope of custody products includes non-standardized debt assets and unlisted equity, requiring banks to assess their capabilities and service levels before engaging in custody business [1] Group 2: Regulatory Requirements - The Measures require banks to establish a sound governance structure for custody business, including specific norms for management systems, business independence, authorization control, and data protection [2] - Banks must develop a risk management system that aligns with the scale and complexity of their custody business, ensuring a unified authorization management and establishing checks and balances [2] Group 3: Data Protection and Due Diligence - Banks are mandated to effectively protect and reasonably utilize custody business data and client information [3] - There are requirements for due diligence and management of custody products and partner institutions, including the establishment of entry standards for client qualifications and asset types [3] Group 4: Prohibited Activities - The Measures outline prohibited responsibilities and actions for banks in custody business, such as assuming credit or market risks of custody products, providing guarantees, or participating in investment decision-making [3]