CHI CFETS Interbank Network Security


On Sep. 12, CHI CFETS issued notice on reinforcing network security.


  • CHI CFETS issued Notice on strengthening network security management of interbank dedicated lines, to further ensure orderly implementation of network security checks.
  • Follows CHI CFETS Mar. 2024 issued notice regarding security management, #203106.
  • Implementation
  • Institutions must read Notice on network security for dedicated line access of CHI CFETS, sign security agreement, submit off-site inspection form before market entry.
  • CHI CFETS will conduct yearly off-site network security inspections; institutions must provide feedback on inspection, and update their technical contact information.
  • Inspection results will influence institutions' evaluation, potentially affecting standing.
  • Institutions that fail to respond to reminders may face inspections, notifications, or service suspension; deadline for submitting inspection form is Oct. 31, 2024.
  • Effectiveness
  • Annual inspection is scheduled from Oct. 1 to Nov. 30, 2024, institutions with VPDN equipment must log in within the specified period and change passwords regularly.

Regulators CHI CFETS
Entity Types B/D; Bank
Reference PR 9/12/2024
Functions Compliance; Cyber; Exams; Financial; Operations
Countries China
Category
State
Products Banking; Forex
Regions AP
Rule Type Final
Rule Date 9/12/2024
Effective Date 10/31/2024
Rule Id 225900
Linked to Rule :203106
Reg. Last Update 9/12/2024
Report Section International

Last substantive update on 09/17/2024