The China Banking and Insurance Regulatory Commission ("CBIRC") has recently enacted and issued the Information Disclosure Measures for Net Stable Funding Ratios of Commercial Banks (the "Measures"), immediately effective from the date of issuance.
Comprised of 14 articles plus two annexes, the Measures set out in Article 1 through Article 3 the legislative purpose, legislative basis and applicable scope, and expound in Article 4 through Article 7 on how often and what quantitative data and qualitative information regarding the net stable funding ratios shall be disclosed by banks that are allowed to adopt advanced methods for capital measurement upon approval of the CBIRC (the "banks adopting advanced methods"). Article 8 makes clear how often and what information about the net stable funding ratios shall be disclosed by banks other than banks adopting advanced methods. In Article 9, a commercial bank is required to additionally reveal information on its net stable funding ratio by the end of 2018, when it initially performs the disclosure. Article 10 and Article 11 set out requirements for a failure to disclose the requested information on time and for the quality of disclosed data. Article 12 and Article 13 provide for regulatory measures, administrative punishment, etc.