中国证监会发布《公开募集证券投资基金业绩比较基准指引》 自2026年3月1日起施行

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued guidelines for the performance comparison benchmarks of publicly offered securities investment funds, effective from March 1, 2026, emphasizing the importance of stable and serious application of these benchmarks [1] Group 1: Performance Comparison Benchmarks - The guidelines highlight the representational role of performance comparison benchmarks, stressing that they must align with the core elements of the fund contract and the investment style of the product, and cannot be changed arbitrarily once selected [1] - The guidelines reinforce the internal control and management responsibilities of fund managers, stating that the benchmarks should be determined by the management team, and that a robust internal control mechanism and management system must be established [1] Group 2: External Constraints and Supervision - The guidelines enhance external constraints on performance comparison benchmarks, clarifying the supervisory responsibilities of fund custodians and regulating the behavior of fund sales institutions and evaluation agencies regarding the display and application of these benchmarks [1] - The CSRC and its local agencies will strictly regulate and address any illegal activities by fund managers, custodians, sales institutions, evaluation agencies, and their personnel [1]