中国人民银行发文规范CIPS业务行为

Core Viewpoint - The People's Bank of China announced the revision of the Cross-Border Interbank Payment System (CIPS) business rules, which will take effect on February 1, 2026, to better accommodate the development of cross-border RMB business and enhance management practices [1]. Group 1: Regulatory Changes - The revised rules aim to address the inadequacies of the previous regulations in meeting the expanding needs of participants and managing the CIPS business effectively [1]. - The new regulations will standardize various operational aspects, including account opening for participants and operational institutions, settlement fund ownership, and liquidity management [1]. Group 2: Business Operations - The updated rules clearly define the types of business participants can engage in and regulate actions such as message permission applications, system logins, business type entries, and query verifications [1]. - The new regulations also establish a settlement mechanism that governs queue management, business cancellations and returns, as well as participant accounting and reconciliation processes [1].