Comments to SAMR on the Provisions on the Supervision and Administration of Online Transaction

2019-05-31 | Beijing

On 30 April, the State Administration for Market Regulation (SAMR) published the draft Provisions on the Supervision and Administration of Online Transaction ("the Provisions") and asked for public consultation. Several Working Groups concerned including F&L Desk, ICT, HCE and others submitted comments and suggestions in a bid to make the Provisions more precise and practical in scoping the administration and supervision of online transaction highlighting the characteristics of online market and the differences of online transaction in comparison with the traditional offline businesses.