Financial Services International Bank Account Number (IBAN) - Part 2: Roles and Responsibilities of the Registration Authority

This standard establishes the framework for defining the roles and responsibilities of registration bodies within the international banking system. It specifically addresses the administrative and operational requirements necessary for managing the International Bank Account Number system in China. The document outlines the procedures for allocating unique identifiers to financial institutions and ensures consistency in the registration process. It details the obligations of entities involved in maintaining the integrity of the global banking account numbering structure. The content focuses on governance mechanisms, data management protocols, and compliance measures required for participating organizations. By clarifying the duties of registration authorities, it supports the efficient processing of cross-border transactions. This guidance assists in aligning domestic practices with international norms while providing a clear roadmap for the implementation of registration activities. The standard serves as a reference for organizations involved in the setup and oversight of banking account registries.