On January 23, CIRC issued amendments to the Administrative Measures on the Qualification Requirements to Appoint Directors, Supervisors and Senior Management Personnel of Insurance Companies. The major change affecting foreign invested insurers (which are locally incorporated in China) is that local counterparts of CIRC now can approve the appointment of senior management personnel of both a domestic insurer’s branch and a branch of a foreign invested insurer. For domestic reinsurers or a foreign insurer’s branch, the right to approve the appointment of senior management personnel remains in the hands of central CIRC.