According to reports, the supervisory authorities have issued new requirements for prior evaluation mechanisms and continuous tracking matters for securities fund institutions to entrust third party internet platforms to provide transfer channels. The institutional regulatory notice issued this time is a detailed requirement of the “Administrative Measures on Online Marketing of Financial Products”. According to Articles 21 and 23 of the Measures, financial institutions entrust third party internet platforms to provide services for online marketing of financial products, and shall establish prior evaluation mechanisms to continuously track the compliance, security, and implementation of agreements with third party internet platforms. Relevant sources said that the supervisory authorities will include channel cooperation between industry agencies and third-party Internet platforms into daily supervisory concerns, initiate on-site inspection procedures for high-risk cooperation, and if illegal violations are discovered, they will deal with them according to law and regulations.

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