Core Viewpoint - The Financial Regulatory Authority has issued a notification to abolish 44 normative documents and declare 7 normative documents invalid, aiming to enhance the timeliness of regulatory systems and align financial regulatory policies with industry development needs [1] Group 1 - The notification is part of a broader effort to improve the regulatory framework by eliminating outdated or unnecessary documents [1] - The Financial Regulatory Authority will continue to focus on the coordination and unity of the regulatory system and will proceed with the cleanup of normative documents as per established procedures [1]

Core Viewpoint - The Financial Regulatory Administration has issued a decision to abolish certain regulations to enhance the effectiveness of regulatory work and maintain a unified regulatory system [1] Group 1: Regulatory Changes - The decision includes the abolition of four regulations: "Guidelines for Market Risk Management of Commercial Banks," "Regulations on Legal Work of the China Banking Regulatory Commission," "Banking Legislation Plan," and "Regulations on the Rule-Making Procedures of the China Insurance Regulatory Commission" [1] - The decision was open for public consultation from March 24 to April 24, during which financial institutions, experts, and the public provided extensive feedback [1] - Most of the feedback received during the consultation period has been carefully reviewed and incorporated into the final decision [1] Group 2: Future Actions - The Financial Regulatory Administration will continue to focus on the cleanup of regulations to ensure they align with regulatory practices and social development [1]