Wealth Management Company Welcome to the new rules of heavy internal control and uniformly uniform asset management business supervision standards

26Aug

Our reporter Su Xiangzheng Yang Jie's system rules system ushered in further improvement. On August 25, the China Banking Regulatory Commission issued the "Administrative Measures for the Internal Control of Financial Company" (hereinafter referred to as the "Measures"), which will be implemented from the date of announcement. The Measures have a total of 46 chapters, which are general rules, internal control responsibilities, internal control activities, internal control protection, internal control supervision, and attachment. On the same day, the official website of the China Banking Regulatory Commission issued the approval of agreed to the establishment of Beiyin Financial Management Co., Ltd. At this point, 30 wealth management companies have been approved for construction, and 28 have opened. Financial company executives and industry experts interviewed by the reporter interviewed by the Securities Daily believe that the Measures will quickly make up for the shortcomings of the wealth management company and other financial management institutions in the internal control endowment, and promote the construction of a stronger management foundation for wealth management companies. Realize more stable business quality and promote the healthy and stable development of wealth management companies and wealth management markets. The wealth management company urgently needs to build a internal control compliance management system. "As of the end of June 2022, the total balance of wealth management products of banks and wealth management companies was 29.1 trillion yuan. Asset management institutions, it is necessary to build a comprehensive and effective internal control management system as soon as possible. "The person in charge of the relevant departments of the CBRC said that the wealth management company is in a critical period of" clean start "and urgently needs to build it with its own business scale, characteristics and risk status. The internal control compliance management system provides a solid guarantee for compliance and stable operations in accordance with laws. The "Measures" require wealth management companies to formulate comprehensive, systematic and standardized internal control systems for various business activities and management activities, and conduct a comprehensive evaluation at least once a year. Specifically, the first is to strengthen product design and duration management. The second is to strengthen the management of wealth management business accounts. It is required to complete the identity information of investor complete and accurately, and open a wealth management account for investors. All processes such as the collection of wealth management funds, collection and payment, and transfer through bank accounts and bank liquidation and settlement channels. The sales information and data exchange of wealth management products pass through the banking industry The CBRC's CIRC's approval platform such as the Central Data Exchange Platform of the Financial Registration Center is carried out. Each wealth management product has set up investment accounts to better track the capital direction and implement the "three orders management". The third is to improve the investment and transaction system. The fourth is to implement comprehensive management of key personnel in important positions. Fifth, strengthen the risk isolation from the mother. Wealth management companies are required to conduct independent approval and investment decisions for each investment. Comprehensively and accurately identify the related parties, standardize the management of related related transactions, and reasonably set up major affiliated transaction standards. In terms of internal control responsibilities, the "Measures" mentioned that wealth management companies should set up chief compliance officers in senior management. The chief compliance officer is directly responsible to the board of directors to review, supervise and inspect the internal control construction and implementation of the agency, and can directly report to the board of directors and the Banking Regulatory Commission and its dispatch agencies. Dong Ximiao, chief researcher at Zhailian Financial, told the "Securities Daily" reporter that the "Measures" clearly requires the establishment of a chief compliance officer of wealth management companies. It is an institutional innovation with positive significance. run. The chief compliance officer can report directly to the board of directors and regulatory authorities, helping to better play the role of its supervision and checks and balances, and ensure the effective implementation of the control of wealth management companies. In terms of investment trading activities, the "Measures" mentioned that at least the following internal control measures should be taken: establishing a trading monitoring system, early warning system and feedback system; implementing a centralized transaction system and an investment instruction review system. Instructions or direct transactions; implement a fair trading system, shall not be transmitted between wealth management business and self -employed business, wealth management consultants, and consulting services. Implement the transaction record system, record and check the transaction information in a timely manner to ensure that it is true, accurate, complete, and retrospective. The official website or industry unified channels of the institutional or industry will publicize the information of the investment personnel, and the publicity will be completed within 2 working days from the date of office. "At present, the personnel information registration and publicity system has been generally implemented in securities companies and fund companies." Dong Ximiao said that wealth management companies have established investment personnel information registration and publicity systems Essence The person in charge of the relevant departments of the CBRC said that the "Measures" is an important institutional guarantee for wealth management companies to better fulfill the duties of trustee management and faithful obligations, the inherent requirements of the high -quality development of wealth management business, and an important way to achieve effective supervision and strong grasp. The implementation of the implementation of the implementation of the "Measures" in the new period and new stage of the transformation and development of wealth management companies is conducive to promoting the unified standards of similar asset management business supervision, enhancing the concept of the rule of law and compliance of wealth management companies, establishing and improving the internal control compliance management system, promoting the formation of the wealth management industry formation Good development of ecology. After promoting the "Measures" of the asset management industry to develop a good development of the ecological "Measures", the reporter interviewed a number of wealth management companies for the first time. The introduction of the "Measures" marks a new period when wealth management companies have entered high -quality development and refined management. Since then, the healthy and orderly operations of the wealth management industry and the wealth management market have authoritative basic regulations.

"Liu Xinghua, chairman of CCB Financial Management, said in an interview with the Securities Daily that the release of the Measures is conducive to improving the standardization of the management and management of wealth management companies, which will greatly improve the internal management and operation level of wealth management companies. Qi Wealth Management Company and other financial asset management institutions in the shortcomings of internal control endowments. In addition, the "Measures" is a system with the characteristics of the new era, which will promote wealth management companies to build a stronger management foundation and achieve more stable business quality, which is conducive to conducive to conducive to Preventing and resolving operating risks. In an interview with the "Securities Daily" reporter, Yuan Zhihong, the president of Huaxia Financial Management, said that the "Measures" conducted all -round regulations from internal control responsibilities, internal control activities to internal control protection, and internal control supervision. "For wealth management companies in critical periods, it is of great significance to adhere to the bottom line of risk, operate in accordance with laws and regulations, continue to operate and operate and protect investors' rights. First, to promote the construction of wealth management companies to be compatible with its own business scale, characteristics and risk status, The internal control compliance management system provides a solid system guarantee for the steady operation and long -term development of the wealth management company. The second is to adhere to the problem -oriented orientation, and the weak links and insufficient requirements of the weak internal control management in the actual operation of the wealth management company have strong requirements. It has a strong one. Executability and operability. The third is the advanced practical standards for the standard industry to achieve the same as the rules and regulatory requirements of similar asset management. The person in charge of the relevant departments of the China Banking Regulatory Commission said that the "Measures" transition period is six months from the date of implementation. If it does not meet the provisions of the Measures, rectification should be completed during the transition period. Liu Xinghua said that CCB Finance as a "clean start" company has confidence to complete various rectification preparations during the transition period. At the same time Student learning and training, internalization of the heart and externalization of the industry. In Yuan Zhihong's view, the implementation of the "Measures" is conducive to promoting the establishment of a sound internal control standards that promote the establishment and improvement of unified and standardized. The concept of the rule of law of the wealth management company, improve the awareness of the compliance of the entire staff, establish and improve the internal control management system, promote the formation of a good development ecology in the wealth management industry, promote the concept of "internal control priority and compliance" of wealth management companies, and promote the stability of the wealth management company. Protection. Recommended reading

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