The person in charge of the relevant departments of the State Financial Supervisory Administration answered the reporter's question on the "Administrative Measures for the Agency Sales Business of Commercial Banks"
On March 22nd, the State Administration of Financial Supervision recently issued the "Measures for the Administration of Agency Sales Business of Commercial Banks" (hereinafter referred to as the "Measures"), and the person in charge of the relevant departments and bureaus answered the reporter's questions on the "Measures". The person in charge pointed out that the "Measures" require commercial banks to establish and improve the whole process monitoring and management mechanism of agency sales, and make specific provisions on publicity materials, information inquiry, product display, appropriateness management, sales staff management, traceability management, etc., including should formulate consistent dropshipping product display rules for congeneric products, should carefully evaluate the appropriateness of customers' purchase of products, put forward targeted requirements for the sales management of the elderly, people with limited capacity for civil conduct, and should strengthen sales staff qualifications and behavior management. " The Measures stipulate that during the duration of dropshipping products, commercial banks shall continue to pay attention to important information such as product risk-return characteristics, changes in risk ratings, and information disclosure, and urge cooperative institutions to fulfill their active management responsibilities; urge cooperative institutions to disclose dropshipping product-related information in accordance with regulations; continuously strengthen Client Server, and if customers require information about dropshipping products, commercial banks shall inform customers of the product-related information provided by cooperative institutions, or assist customers in inquiring about relevant information from cooperative institutions.