金融监管总局发布管理办法 引导信息披露融入业务全过程

Core Viewpoint - The National Financial Regulatory Administration has issued the "Management Measures for Information Disclosure of Asset Management Products by Banking and Insurance Institutions" to standardize information disclosure practices and enhance investor protection [1] Group 1: Regulation Overview - The new measures comprehensively regulate the entire lifecycle of asset management products, including fundraising, ongoing management, and termination phases [1] - The aim is to integrate information disclosure into the entire business process, ensuring clarity on product status [1] Group 2: Fundraising Phase - In the fundraising phase, the focus is on standardizing product prospectuses and contracts, as well as clarifying performance benchmark requirements to enhance transparency for product sales [1] Group 3: Ongoing Management Phase - During the ongoing management phase, the measures require accurate and truthful disclosure of net asset values, performance, and investment asset conditions, along with timely reporting of significant events to clarify risks [1] Group 4: Termination Phase - In the termination phase, the measures mandate the disclosure of fees, profit distribution, and remaining asset distribution in expiration announcements or liquidation reports to ensure clarity on product returns [1] Group 5: Implementation Timeline - The measures will officially take effect on September 1, 2026, allowing approximately eight months for banking and insurance institutions to adjust and modify product documentation and systems [1]