CCTV News: In order to thoroughly implement the spirit of the Central Financial Work Conference, optimize the law enforcement methods of administrative penalties, and continue to promote the high-quality development of administrative penalties, the State Administration for Financial Supervision and Administration revised and issued the "Administrative Penalty Measures", which will come into effect on July 1, 2025.
The revised "Administrative Penalty Measures" includes ten chapters, including general provisions, jurisdiction, case filing and investigation, evidence collection, trial, deliberation, notification of rights and hearings, decisions and execution, legal liability, and annexes. The main revisions include: First, improve administrative penalty decisions and procedures, add collective decision-making regulations for the heads of administrative agencies in major and complex cases, and add procedures for suspending handling and canceling administrative penalty cases. The second is to optimize the jurisdiction and coordination mechanism of administrative penalty, expand the target of administrative penalty from banking and insurance institutions to financial institutions, and clarify the division of labor rules and external coordination mechanisms of administrative penalty jurisdiction. The third is to improve the rules for investigation and evidence collection and parties' rights relief, and clarify the procedures for not punishing and execution. Fourth, strengthen full-process supervision and management and digital construction, increase the procedures for proactively correcting errors in administrative penalty decisions or revoking administrative penalty, establish an administrative penalty tracking and evaluation mechanism, and improve relevant regulations on electronic delivery and announcement delivery.
The revision, release and implementation of the "Administrative Penalty Measures" will help improve the standardization and scientific nature of financial supervision administrative penalties, guide financial institutions to form correct behavioral expectations, and better serve economic and social development.
