The CIRC published the draft Administrative Measures for Representative Offices of Foreign Insurance Institutions on 22 March 2011 and is seeking public comment until 11 April 2011. The draft measures would replace previously effective measures enacted in 2006. Changes and additions include: (1) a requirement that foreign insurance companies establishing a representative office have total assets exceeding US$2 billion; (2) a requirement that foreign insurance brokers, agencies and asset valuation institutions establishing a representative office have total assets exceeding US$200 million; and (3) a prohibition on representative office personnel holding positions at any type of commercial entity. The changes incorporated in the draft measures focus on preventing representative offices from engaging in commercial operating activities: penalties for such violations would be dramatically increased under the proposed draft, potentially including confiscation of "illegal proceeds" and additional fines ranging from one to five times the amount of illegal proceeds confiscated.