The State Administration of Financial Supervision and Administration recently issued the "Provisions of the State Administration of Financial Supervision and Administration on the Management of the List of Serious Dishonest Entities (Trial)", which standardizes the management of the list of serious dishonest entities in the financial field, requires careful definition of the scope of inclusion in the list, and clarifies the three types of situations for inclusion in the list.
The responsible person of the relevant department of the State Administration of Financial Supervision and Administration stated that the regulations adhere to stability, prudence, and moderation, and carefully define the circumstances for inclusion in the list. The behaviors included in the list are all serious dishonest behaviors in the financial field, and general dishonest behaviors are not included in the management of the list of serious dishonest entities.
The three types of situations included in the list of serious dishonest entities include: being subject to administrative penalties such as "revocation of operating or business licenses of legal entities, cancellation or revocation of lifelong employment qualifications, lifelong prohibition from engaging in banking work, or lifelong prohibition from entering the insurance industry"; Being subjected to severe administrative penalties or restricted market access, ordered to transfer equity, revoked administrative licenses due to the implementation of one of the six acts, seriously disrupting the order of fair competition in the market and normal social order; The situation where a party has the ability to perform but refuses to perform or evades the execution of an administrative decision, seriously affecting the credibility of the financial supervision and management department, and is subject to a compulsory enforcement ruling by the people's court.
It is reported that the regulations adhere to the rule of law and regulations, and strictly regulate the list management procedures. At the same time, we will uphold the protection of rights and establish a credit repair mechanism. Clearly define measures to protect the rights and interests of the parties involved, such as prior notification, delivery, and statement of defense, as well as relief mechanisms and their applicable conditions and procedures for applying for early removal from the list, fully safeguarding the legitimate rights and interests of the parties involved, including the right to be informed in advance, the right to make statements and defense during the event, and the right to apply for credit repair after the event.