10. (License Issuing) Within ten days upon receipt of the complete reporting materials, the CBRC Shanghai Bureau shall have the institution registered for the establishment, alteration and termination of the institutions in the Access Management System of Financial Institutions and the Financial License Management System of the China Banking Regulatory Commission and then issue, replace or recall the Financial License. The CBRC Shanghai Bureau is responsible for reviewing the completeness of the reporting materials and enhances intermediary and post-establishment supervision.

III. Simplify the Access Control of Executives to the PFTZ

11 (Applicable Executives) The principal officer or anyone who acts as a principal officer without the title at the institutions listed in Article 6 in these Detailed Rules can be appointed without prior approval by the CBRC Shanghai Bureau or participation in the qualification exam for executive officers. The appointment needs to be reported afterwards.

12. (Reporting Entity) The higher-level offices of the institutions in the PFTZ where the executives are appointed shall submit reporting materials to the CBRC Shanghai Bureau in accordance with the provisions in these Detailed Rules.

13. (Information to Be Reported) The banks shall, in accordance with the administrative permission or reporting requirements on executive appointments at both Chinese domestic and foreign banks, set out a clear recruitment standard, roles and responsibilities and appointment process, and shall review, verify and confirm that the executives at the institutions in the PFTZ meet all the standards set up by the supervisory authorities and possess the expertise and experience in management that are required to carry out the business development strategy of the institutions in the PFTZ. The following information shall be submitted to the CBRC Shanghai Bureau:

(1) The appointment letter which shall include:
    Title
    Duties
    Areas of authority
    Where the position is in the organizational structure, and 
    its reporting channel;

(2) The authorization letter for the appointment (with verification of notary public and authentication);

(3) The resume, and copies of personal identity and academic certificate of the appointee (signed by the authorized person);

(4) The statement of no past delinquencies, and the commitment letter to act in the spirit of law and due diligence after taking office, both of which shall be signed by the appointee;

(5) The auditor's report on economic responsibilities or the performance appraisal from the previous organization;

(6) The description of previous full-time or part-time jobs held by the appointee in banks, bank groups or other related companies;

(7) The qualification review report signed by the examining body or the person in charge.