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Chinese market regulators to publish penalty decisions within 20 business days

( August 2, 2021, 04:48 GMT | Official Statement) -- MLex Summary: China’s market-supervision departments should publish their penalty decisions against individuals or companies located in the same provinces as them within 20 business days of making the decisions, according to a set of regulations released by State Administration for Market Regulation, which will take effect on Sept. 1. Market regulators should also transfer penalty-related information within 10 business days to their counterparts in the administrative regions where companies or individuals receiving the penalties are registered or domiciled. The penalty decisions should be published on the National Enterprise Credit Information Publicity System.The full text of the regulations follows:...

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