Core Viewpoint - The China Securities Regulatory Commission (CSRC) plans to revise the "Securities Investment Fund Custody Business Management Measures" to enhance the responsibilities of custodians and protect investor interests, aiming to improve the regulatory framework and promote healthy market development [1][2]. Group 1: Revision of Custodian Entry Requirements - The revision will tighten entry requirements for custodians, focusing on substantial operational capabilities and compliance risk control, with a minimum net asset requirement of 50 billion yuan for commercial banks and 30 billion yuan for securities firms [3][6]. - The revised measures will increase the total number of chapters from six to seven and the number of articles from 43 to 61, with 25 articles being revised and 18 new articles added [2][3]. Group 2: Addressing Custodian Responsibilities - The CSRC aims to address issues where some custodians are "custodians without management" or "unable to manage," highlighting the need for enhanced due diligence, investment supervision, and information disclosure [5][6]. - Specific measures include strengthening the verification of information provided by fund managers, enhancing client and product entry requirements, and clarifying the responsibilities of custodians in risk disclosure and reporting [5][6]. Group 3: Improvement of Exit Mechanisms - The revised measures will establish a more orderly market mechanism for exiting custodians, detailing conditions for license cancellation and ensuring a smooth transition for custodians who no longer meet entry requirements [6]. - The revision will also allow leading custodians to establish wholly-owned subsidiaries dedicated to custody services, reinforcing the responsibilities of parent companies [6].
基金托管业务将迎新规!完善准入体系,压实托管人责任
Bei Jing Shang Bao·2025-04-03 14:49