(October 31, 2006 Deputies adopted by the 24th session of the Standing Committee) deputies of the 24th meeting of the Standing Committee decided to People's Republic of China Banking Regulatory Act read as follows: first, an article shall be added, as the 42nd article: "the banking regulatory authority in accordance with the banking institutions to check, by the districts above city level banking regulatory agencies approved,
And can be arrested for offences relating to the units and individuals to take the following measures: "(a) asks the relevant units or individuals, demanding an explanation about the situation" (ii) read and copy documents and materials relating to financial accounting and registration of property rights "(iii) may be transferred, concealed, destroyed or falsified documents and materials, advanced registration and preservation. "The banking regulatory agencies to take the measures provided for in the preceding paragraph, the investigator shall be at least two people and should produce valid documents and letters of investigation; investigators less than two people or it is not proof of legal documents and letters of investigation, units or individuals have the right to refuse. Measures taken in accordance with law, relevant units and individuals shall cooperate truthfully explain the situation and provide the relevant documents and information, and shall not refuse or obstruct and hide.
"Second, 42nd to 43rd, add a in the first paragraph, as the sixth item:" 42nd in violation of this law stipulates that an investigation of the relevant units or individuals. " Second paragraph is amended as: "the banking regulatory agency engaged in supervision and management work of corruption, disclosure of State secrets, business secrets and personal privacy, constitutes a crime, criminal responsibility shall be investigated according to law; do not constitute a crime, administrative sanctions according to law. "Third, the addition of an article, as the 49th:" hindering banking regulatory agency staff from carrying out duties of inspection and investigation by the public security organs shall be subject to administrative penalties for public security constitutes a crime, criminal responsibility shall be investigated according to law.
"This decision shall enter into force on January 1, 2007.
People's Republic of China banking regulatory act in accordance with this decision and be modified and adjusted to the articles republished. Xinhua News Agency, Beijing, October 31-