Registration and disclosure platform provides a unified channel for online credit institutions to disclose information queries. Financial consumers can centralize information queries and keep track of invested projects, thus reducing the information asymmetry between financial consumers and online credit institutions, and strengthening the social supervision mechanism of information disclosure of online credit institutions.
According to the China Internet Finance Association, in view of the uniform centralization and tamper-proof features of the National Internet Financial Registration and Disclosure Service Platform, online lending institutions may no longer alter the information registered and disclosed without authorization once the relevant information has been disclosed on the platform. Therefore, it is conducive for the regulatory authorities to verify the authenticity of their registration and disclosure data by comparing project information, operation information, contract information and flow information of capital storage, so as to promote online lending institutions to carry out registration and disclosure in accordance with unified standards and norms.
The National Internet Financial Registration and Disclosure Service Platform is established by the China Internet Financial Association to meet the requirements of financial supervision and self-regulatory management of the industry. Since the operation of the platform, the association has guided members of online lending institutions to regularly disclose relevant project information to the community in accordance with the Guidelines on Information Disclosure of Business Activities of Internet Lending Information Intermediaries and the Group Standards of Individual Internet Financial Information Disclosure Loan (T/NIFA 1-2017).
Next, the China Internet Finance Association will continue to improve the construction and operation of the registration and disclosure platform in accordance with the unified deployment of the national Internet Finance and Internet lending risk regulation work, coordinate closely with the local Internet lending regulation offices, jointly organize and supervise the orderly access of relevant Internet lending institutions through compliance checks and standardize the implementation of registration and disclosure.