金融监管总局，最新发声！

Core Viewpoint - The article discusses the public consultation on the "Regulations on Information Disclosure Management of Asset Management Products by Banking and Insurance Institutions" aimed at standardizing information disclosure practices across various asset management products to enhance transparency and protect investors' rights [1][3]. Group 1: Overview of the Regulations - The regulations are designed to comprehensively standardize the information disclosure behavior of asset management trust products, wealth management products, and insurance asset management products, addressing the lack of a dedicated disclosure regulatory framework [3]. - The regulations consist of six chapters covering general provisions, disclosure requirements, internal management, supervision, legal responsibilities, and appendices, ensuring a systematic approach to information disclosure throughout the product lifecycle [3]. Group 2: Information Disclosure Requirements - The regulations specify disclosure requirements for different stages of the asset management product lifecycle: fundraising, ongoing management, and termination, ensuring that investors have clear visibility into product details [6]. - During the fundraising phase, the focus is on the product prospectus, contracts, risk disclosure documents, and performance benchmarks, ensuring that product sales are transparent [6][7]. - In the ongoing management phase, the regulations mandate accurate and comprehensive reporting of past performance and timely disclosure of significant events to clarify product risks [6][7]. - For the termination phase, requirements include disclosing fee structures and profit distribution in termination announcements and liquidation reports, ensuring that investors can clearly understand product returns [7]. Group 3: Prohibited Disclosure Practices - The regulations outline prohibited practices in information disclosure, including false records, misleading statements, and significant omissions, as well as the prohibition of performance predictions and the use of non-comparable data for performance comparisons [4]. - Specific restrictions include the public disclosure of private product information and any disparaging remarks about other products or institutions [4]. Group 4: Implementation Timeline and Transition - The regulations are expected to have a six-month transition period post-official release to allow banking and insurance institutions to adjust product documentation and systems accordingly [8][9]. - The regulations aim to unify disclosure standards across public and private products while respecting the unique characteristics of each type, with stricter requirements for public products to enhance transparency [9].