China: Closed consultation on SAMR Guiding Opinions on Promoting Compliance Management Responsibilities of Online Trading Platform Enterprises

Description

Closed consultation on SAMR Guiding Opinions on Promoting Compliance Management Responsibilities of Online Trading Platform Enterprises

On 16 September 2024, the Chinese General Office of the State Administration for Market Regulation (SAMR) closes the public consultation on the draft "Guiding Opinions on Promoting Compliance Management Responsibilities of Online Trading Platform Enterprises". The Guiding Opinions aim to improve compliance management structures, outlining steps such as appointing responsible personnel and implementing dynamic risk control mechanisms. In addition, the Guiding Opinions emphasise the need for regular risk assessments, compliance training, and the creation of clear responsibilities for compliance officers. Finally, the Guiding Opinions provide guidelines for regulatory oversight by market supervision authorities to ensure platforms operate within legal standards.

Original source

Scope

Policy Area
Other operating conditions
Policy Instrument
Organisational requirement
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
competition authority

Complete timeline of this policy change

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2024-09-09
in consultation

On 9 September 2024, the Chinese General Office of the State Administration for Market Regulation (…

2024-09-16
processing consultation

On 16 September 2024, the Chinese General Office of the State Administration for Market Regulation …

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