央行发布《银行间外汇市场管理规定》 自2026年2月1日起施行

Core Viewpoint - The People's Bank of China has revised the interim regulations on the interbank foreign exchange market to enhance regulation, promote high-level opening-up, and ensure the protection of legal rights and interests of all parties involved, effective from February 1, 2026 [1] Group 1: Regulatory Enhancements - The new regulations aim to strengthen supervision of the interbank foreign exchange market by establishing comprehensive requirements across various areas including trading venues, qualification conditions, pricing norms, transaction clearing rules, information management, data services, and self-regulation [1] - The regulations will ensure full coverage of business supervision in the foreign exchange market [1] Group 2: Market Stability and Participant Protection - The regulations are designed to maintain the stable operation of the foreign exchange market by standardizing the rights and obligations of market infrastructure, domestic and foreign financial institutions, currency brokers, and financial information service providers [1] - Participants in the market are required to adhere to principles of openness, fairness, justice, and good faith to protect their legal rights [1] Group 3: Development of the Foreign Exchange Market - The regulations promote the high-quality development of the interbank foreign exchange market by supporting the continuous enrichment of trading and clearing varieties, currencies, and methods based on market demand [1] - Financial institutions are encouraged to provide foreign exchange services to clients more conveniently [1]