In order to improve the financial rule of law system of the Central bank and strengthen the construction of financial rule of law, the People's Bank of China has recently carried out a systematic cleaning of the rules and normative documents issued before December 31, 2021.

After the clean-up, the People's Bank of China abolished 11 regulations and 36 normative documents issued separately in the name of the People's Bank of China, the main contents of which have been replaced by the new system or are inconsistent with the new situation. For example, the main contents of the regulations, such as the Regulations on the Administration of Securities Companies' Access to the Inter-bank Market, the Regulations on the Administration of Fund Management Companies' Access to the Inter-bank Market, and the Regulations on the Administration of Financial Companies' Access to the National Inter-Bank Lending Market and the Bond Market, have been replaced by the Regulations on the Administration of Inter-bank lending. The main contents of regulatory documents such as the Notice of the People's Bank of China on Banking Financial Institutions to do a good job in protecting Personal Financial Information and the Notice of the People's Bank of China on Financial Institutions to Further Protect Customers' Personal Financial Information have been replaced by the Implementation Measures of the People's Bank of China on Protecting the Rights and interests of Financial Consumers. For the regulations and normative documents jointly issued by other departments, the People's Bank is working with relevant departments to clean up, and the results will be released one after another.

Responsible Editor: Xie Yu