监管发文要求资管产品收益“算得清”！机构信息披露如何更透明

Core Viewpoint - The Financial Regulatory Bureau has released a draft regulation aimed at enhancing transparency and protecting investors' rights in the asset management industry through comprehensive information disclosure across the product lifecycle [1][3][7]. Group 1: Regulation Overview - The draft regulation, titled "Management Measures for Information Disclosure of Asset Management Products by Banking and Insurance Institutions (Draft for Comments)," covers asset management trust products, wealth management products, and insurance asset management products [4]. - It consists of six chapters and thirty-five articles, systematically regulating information disclosure during the fundraising, ongoing management, and termination phases of asset management products [4][5]. Group 2: Information Disclosure Requirements - The regulation emphasizes the need for clear and transparent information, ensuring that investors can access and understand product details, risks, and returns [3][5]. - It specifies that performance benchmarks do not represent expected returns and must be clearly communicated to investors [5][6]. - Regular reports must include details such as product size, leverage, net asset value, and performance metrics, tailored to the type of asset management product [6]. Group 3: Industry Impact - The regulation aims to unify disclosure standards, reduce regulatory arbitrage, and enhance market transparency, ultimately protecting investors and promoting compliance among institutions [8]. - While the initial implementation may increase compliance costs for institutions, it is expected to improve the competitiveness and credibility of asset management businesses in the long run [8][7]. - The draft regulation is set to be finalized and implemented approximately six months after its official release, allowing institutions time to adjust [7].