《银行间外汇市场管理规定》发布

Core Viewpoint - The People's Bank of China is revising the regulations governing the interbank foreign exchange market to enhance supervision, promote high-quality development, and protect the rights of market participants, effective from February 1, 2026 [1] Summary by Relevant Sections Regulatory Framework - The new regulations aim to create a systematic regulatory framework that integrates existing rules and practices in the interbank foreign exchange market [1] Market Supervision - Enhanced supervision will cover various aspects including trading venues, qualification requirements, pricing standards, transaction clearing rules, information management, data services, and self-regulation [1] Market Stability - The regulations are designed to maintain the stable operation of the foreign exchange market and to standardize the rights and obligations of market infrastructure, domestic and foreign financial institutions, currency brokers, and financial information service providers [1] Principles of Operation - Market operations must adhere to principles of openness, fairness, justice, and good faith to protect the legitimate rights and interests of market participants [1] Development Support - The regulations will support the continuous enrichment of trading and clearing varieties, currencies, and methods in the foreign exchange market infrastructure, facilitating financial institutions in providing foreign exchange services to clients [1]