金融监管总局明确三类资管产品信息披露要求

Core Viewpoint - The Financial Regulatory Bureau has issued the "Management Measures for Information Disclosure of Asset Management Products by Banking and Insurance Institutions," aiming to unify disclosure standards for trust products, wealth management products, and insurance asset management products, enhancing regulatory consistency [1][4]. Group 1: Disclosure Standards - The measures establish basic principles, responsibilities, common content, and internal management requirements for information disclosure across three types of asset management products [1]. - The lifecycle of asset management products is comprehensively regulated, guiding the integration of information disclosure throughout the business process to ensure clarity in product status [1]. Group 2: Public vs. Private Products - The measures differentiate between public and private products, imposing stricter disclosure requirements on public products due to their broader audience and lower investor thresholds [2]. - Public product information must be disclosed through a unified industry channel and other mainstream financial media, while private products can use agreed-upon disclosure channels [2]. Group 3: Self-Regulatory Norms - Specific self-regulatory norms for each product type will be developed by relevant associations, creating a "1+3" disclosure rule system [3]. - Asset management product managers are generally prohibited from adjusting performance benchmarks to maintain consistency, with strict internal approval required for any necessary adjustments [3]. Group 4: Implementation Timeline - The measures will take effect on September 1, 2026, allowing approximately eight months for banking and insurance institutions to adjust and modify product documentation and systems [3].