On 7 March 2018, the China Regulatory Insurance Commission
('CIRC') issued its amended Insurer Shareholder Regulations
('Regulations'). Two rounds of public discussion drafts of
the Regulations had available for public consultation 29 December
2016 through 31 January 2017, and again 20 July 2017 through 21
August 2017. The Regulations amend and enhance earlier versions of
the original 'Insurer Shareholder Regulations" and its
related rules and regulations. The Regulations' key content
is:
- Neither a single shareholder; nor a
group of related shareholders; nor a group of shareholders
acting-in-concert (related or otherwise), may hold, individually in
the case of a single shareholder or collectively otherwise, more
than one third of the registered (share) capital of a
CIRC-authorised insurance company ('Insurer').
