Key Points of Administrative Measures of Beneficial Owner Info.

文章预览

In July 2021, the State Council issued the Regulations on the Administration of Market Entities Registration , requiring market entities to file information regarding beneficial owners with the registration authorities 1 . In March 2022, the State Administration for Market Regulation (“ SAMR ”) issued the Detailed Implementation Rules of the Regulations on the Administration of Market Entities Registration , further clarifying that the beneficial owner information (“ BOI ”) filing and management rules should be formulated separately by the People's Bank of China (PBoC) in consultation with the SAMR 2 . Recently, the PBoC, together with the SAMR, issued the Measures for the Administration of Beneficial Owner Information (the " Administrative Measures "), which contains specific provisions on BOI filing and management. It requires enterprises to file the BOI through the business registration system and allows the relevant state agencies, financial institutions, and specific n ………………………………