银行保险资产管理产品迎来信息披露新规！明年9月起施行

Core Viewpoint - The Financial Regulatory Bureau has issued the "Management Measures for Information Disclosure of Asset Management Products by Banking and Insurance Institutions" to standardize information disclosure for asset management trust products, wealth management products, and insurance asset management products, enhancing investor rights protection [2][3]. Group 1: Regulatory Framework - The new measures aim to unify the information disclosure standards across the three types of asset management products, addressing the lack of a dedicated disclosure system and inconsistencies in existing regulations [3]. - The official implementation date for the new measures is set for September 1, 2026, allowing an approximately 8-month transition period for institutions to adjust [2]. Group 2: Disclosure Requirements - The measures require comprehensive regulation of the information disclosure process throughout the product lifecycle, including fundraising, ongoing management, and termination phases, ensuring clarity on product performance and risks [4]. - Specific prohibitions include false records, misleading statements, and predictions of actual investment performance, ensuring that disclosures are accurate and reliable [4][5]. Group 3: Differentiation in Disclosure - The measures differentiate between public and private products, imposing stricter disclosure requirements on public products due to their broader audience and lower investor knowledge levels [6]. - A "1+3" disclosure system will be established, where self-regulatory norms will be developed for each product type, ensuring tailored regulations that respect the unique characteristics of each product [7]. Group 4: Performance Benchmarking - Asset management products must disclose performance benchmarks, including the rationale for their selection and calculation methods, while clearly stating that benchmarks do not represent expected returns [8]. - Adjustments to performance benchmarks are generally not allowed without strict internal approval, and any changes must be disclosed in regular reports [8].