金融监管总局拟强化三类资管产品信披管理

Core Viewpoint - The Financial Regulatory Administration has released a draft for public consultation regarding the "Management Measures for Information Disclosure of Asset Management Products by Banking and Insurance Institutions," aiming to standardize information disclosure across various asset management products throughout their lifecycle [1][2]. Group 1: General Regulations - The draft includes six chapters covering general provisions, information disclosure requirements, internal management, supervision, legal responsibilities, and appendices [1]. - It systematically regulates the information disclosure behavior of asset management trust products, wealth management products, and insurance asset management products, covering all stages: fundraising, existence, and termination [1][2]. Group 2: Information Disclosure Requirements - The draft specifies disclosure channels, responsibilities, methods, prohibited behaviors, and document requirements in the general provisions [1]. - It categorizes information disclosure into four sections: fundraising information, periodic information, temporary information, and termination information, ensuring comprehensive regulation of the entire lifecycle of asset management products [1]. Group 3: Specific Disclosure Content - Specific regulations are provided for product prospectuses or contracts, performance benchmarks, issuance announcements (or reports), periodic reports, periodic net value disclosures, past performance, and both pre- and post-termination disclosures, including maturity liquidation reports [1]. - The draft emphasizes the need for clear and accurate disclosures at each stage, ensuring that product sales, risks, and returns are transparent and understandable [2].