The Regulations on the Procedures for Formulating the Trading Rules of the Online Retail Third-party Platform (Trial Implementation) entered into force on 1 Apr. 2015.
There are 23 articles in total, which aim to supervise the operators of third-party online retail platforms in China in formulating, modifying and implementing transaction rules. The key points are as follows:
- The Ministry of Commerce shall establish a filing system for third-party online retail platform transaction rules, and its counterparts at the provincial level shall be responsible for the daily management of rules filing.
- The transaction rules formulated, modified, and implemented by the operators of third-party online retail platforms shall be publicized in and filed with the aforesaid system.