Insight and Intelligence on the London & International Insurance Markets

25 May 2017

Search archive

CIRC sets compliance standards

Catrin Shi 5 January 2017

The China Insurance Regulatory Commission (CIRC) has introduced a set of new compliance regulations as part of its push to improve governance in the industry.

The rules, which take effect from 1 July, require insurance companies to introduce a three-tiered compliance structure aimed at improving compliance governance, implementation and oversight.

In a statement, the CIRC said the holding company of an insurance group must establish a compliance management framework to oversee the entire group. This must include a compliance department...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2017. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π