Off-site Regulatory Rules for Financial Leasing Companies (selected - 8)

Off-site Regulatory Rules for Financial Leasing Companies (selected - 8)

Article 23:     Local financial regulatory authorities may perform differentiated regulation based on the severity of the risks of financial leasing companies, and take regulatory measures such as increasing the frequency of information submission, requiring to increase the size of their risk management staffs, providing risk warnings and regulatory notifications, conducting regulatory conversations, increasing the frequency of on-site inspection, etc.

Local financial regulatory authorities shall perform special inspections on key companies, fields and areas with prominent risks to strictly prevent major and hidden risks, urge the companies to rectify within a specified period based on the inspection results, and take corresponding measures in accordance with laws, regulations and regulatory rules.

Article 24:     Where a financial leasing company fails to submit data information, non-data information, rectification plan or any other documents or materials as required, the competent local financial regulatory authority may take corresponding measures based on the severity of the violation and in accordance with laws, regulations and regulatory rules.