《金融机构产品适当性管理办法》自2026年2月1日起施行

Core Viewpoint - The National Financial Regulatory Administration has introduced the "Measures for the Appropriateness Management of Financial Institutions' Products" to enhance consumer protection and risk management in the financial sector, effective from February 1, 2026 [1][2]. Group 1: Regulatory Framework - The new measures apply to investment products with uncertain returns that may lead to principal loss, including wealth management products, asset management trust products, and insurance products [2][3]. - Financial institutions are required to understand both the products they offer and their customers, ensuring appropriate products are sold through suitable channels [3]. Group 2: Consumer Protection - Financial institutions must classify investment products by risk level and manage them dynamically, providing special protection for ordinary investors through enhanced risk assessments and disclosures [3]. - For insurance products, institutions must conduct demand analysis and financial capability assessments for policyholders, particularly for investment-linked insurance products [3]. Group 3: Supervision and Compliance - The regulatory body will enforce compliance, with penalties for institutions and responsible personnel that violate the appropriateness management regulations [3]. - Future efforts will focus on guiding industry self-regulation, enhancing supervision of compliance, and fostering consumer risk awareness to protect financial consumers' rights [3].