【金融街发布】中国证监会发布《私募投资基金信息披露监督管理办法》

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced the implementation of the "Private Investment Fund Information Disclosure Management Measures," effective from September 1, 2026, aimed at enhancing transparency and protecting investors' rights in the private fund sector [1][2]. Group 1: Key Provisions of the New Regulations - The new regulations consist of seven chapters and forty-four articles, outlining the responsibilities of private fund managers, custodians, and sales institutions regarding information disclosure [2]. - Private fund managers are required to disclose information according to the fund contract, including the content, channels, methods, and frequency of disclosures [2]. - The regulations prohibit misleading practices such as promising investors that their principal will not be lost or guaranteeing minimum returns [2]. Group 2: Reporting Requirements - The regulations specify types and content for regular reports, temporary reports, and liquidation reports for private securities and equity investment funds [2]. - Fund managers must promptly prepare and disclose temporary reports in the event of significant occurrences and provide liquidation announcements and related information [2]. Group 3: Management and Supervision - Fund managers and custodians are required to establish robust information disclosure management systems and comply with disclosure obligations related to shareholders and partners [2]. - The CSRC will oversee the information disclosure activities of private fund managers, custodians, sales institutions, and their personnel, with the authority to impose administrative penalties for violations [2][3]. Group 4: Future Actions by CSRC - The CSRC plans to enhance the supervision of information disclosure practices and ensure that all market participants fulfill their responsibilities [3]. - The commission will continue to implement the Private Fund Regulations and develop additional rules to strengthen the regulatory framework for the private fund industry [3].