金融机构发售投资型产品应进行适当性匹配

Core Viewpoint - The Financial Regulatory Bureau has issued the "Measures for the Appropriateness Management of Financial Institution Products," aimed at ensuring that financial institutions understand their products and customers, thereby protecting consumer rights and interests. The measures will take effect on February 1, 2026 [1]. Group 1: Overview of the Measures - The measures consist of five chapters: General Principles, Basic Rules, Appropriateness Rules, Supervision and Management, and Supplementary Provisions [1]. - The Basic Rules chapter outlines the fundamental requirements for financial institutions, including understanding products and customers, conducting appropriateness matching, and ensuring compliance in sales [1]. Group 2: Specific Requirements for Products - For investment products, institutions are required to classify product risk levels and assess investors' risk tolerance, differentiating between professional and ordinary investors for tailored management [1]. - For insurance products, the measures mandate classification and grading, management of sales qualifications, and conducting demand analysis and financial capability assessments for policyholders [1]. Group 3: Definition of Investors - Professional investors must meet specific criteria, including being financial institutions, fund managers, or certain types of funds, while all other investors are classified as ordinary investors [2]. - Financial institutions are required to conduct risk tolerance assessments for ordinary investors and provide clear appropriateness matching opinions, fulfilling their obligation to inform and timely risk warnings [2].