事关人民币跨境支付 央行公开征求意见

Core Viewpoint - The People's Bank of China has released a notice for public consultation on the draft rules for the Cross-Border Interbank Payment System (CIPS), emphasizing the need to update the rules to better accommodate the growth and management of CIPS participants [1][2]. Group 1: Background and Necessity of Revision - The revision of the CIPS business rules is necessary to better meet the expansion and management requirements of CIPS participants, as the current rules are insufficient due to the growth in business and participant scale [2]. - The updated rules will clarify account management, funding injection, and settlement processes for CIPS participants, ensuring that the regulatory framework remains forward-looking and scientifically sound to adapt to the evolving needs of CIPS [2]. Group 2: Main Content of the Revision - The draft rules consist of six chapters and thirty-one articles, detailing the framework for CIPS operations [3]. - The general provisions outline the basis for rule formulation, applicable subjects, and business scope [4]. - Account management regulations cover the opening of accounts for participants and operators, the ownership of settlement funds, and liquidity management [4]. - Business processing rules specify the types of business participants can engage in, including message permission applications, system logins, and query processes [4]. - The settlement mechanism is defined, including queue management, business cancellation and return processes, and accounting and reconciliation for participants [5]. - Risk management and emergency response protocols are established, requiring CIPS operators and participants to develop emergency mechanisms and backup systems for handling operational anomalies [5]. - The supplementary provisions mandate that CIPS operators create operational guidelines, sign agreements with participants, and establish message standards, while also clarifying the interpretation rights and implementation dates [5].