China: Published Regulation on the Administration of Credit Investigation Industry including data localisation requirements
Description
Published Regulation on the Administration of Credit Investigation Industry including data localisation requirements
On 27 September 2021, the People's Bank of China announced the adoption of the “Regulation on the Administration of Credit Investigation Industry”. Article 39 of the Regulation requires credit investigation agencies carrying out credit investigation business and related activities in China, to store the collected credit information within the territory of China. The Regulation will enter into force on 1 January 2022.
Original sourceScope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
central bank