支付机构迎来评级新规！注重分级监管，不得用于宣传营销

Core Viewpoint - The People's Bank of China has introduced a new regulatory framework for non-bank payment institutions, effective from February 1, 2026, aimed at enhancing supervision and implementing differentiated regulatory measures to allocate resources more effectively [1][5]. Group 1: Regulatory Framework - The new regulation, titled "Measures for the Classification and Rating Management of Non-Bank Payment Institutions," includes seven modules for classification: corporate governance, business norms, reserve fund management, user rights protection, system security, anti-money laundering measures, and operational stability [3][4]. - The classification rating will occur annually, with results determining regulatory focus and differentiated supervision based on the institutions' performance [3][6]. Group 2: Rating System - The rating system consists of five categories (A, B, C, D, E) and eleven levels, with a total score of 100 points. The business norms module has the highest weight at 25 points, while system security, anti-money laundering, and operational stability each account for 15 points [3][4]. - Institutions rated A will only need to rectify issues within a specified timeframe, while those rated D will face more stringent measures, including mandatory meetings with key stakeholders every six months until issues are resolved [4][6]. Group 3: Implications for the Industry - The new classification system is expected to lead to a more precise allocation of regulatory resources, focusing on higher-risk institutions, thereby promoting a competitive environment where stronger institutions can thrive [5][8]. - The regulation encourages institutions to adopt proactive risk management strategies, enhancing overall compliance and operational standards across the industry [7][8].