Baker & McKenzieFrom jokes and weather forecasts to stock market highlights, short message services (SMS) and other wireless value-added services are…
The Provisions Relevant to the Implementation of the Circular (the Provisions) seek to clarify certain aspects of last year's Administration of Online Banking Services Tentative Procedures (the Procedures). New information have been added to the Procedures.
Clarifies the 2001 Administration of Online Banking Services Tentative Procedures, particularly its application and approval requirements, and the provision of additional online businesses.
Requires the disclosure of financial and accounting reports, risk management, corporate governance and largest shareholders, changes in registered capital, and M&A.
Issued: May 28 2002Main contents: The Guidelines stipulate that the accumulative external investments (including the investment capital raised by the current…