刚刚，证监会出台关于私募基金的新规

Core Viewpoint - The article discusses the release of the "Private Investment Fund Information Disclosure Supervision and Management Measures" by the China Securities Regulatory Commission (CSRC), which will take effect on September 1, 2026. This regulation aims to enhance the supervision of private funds and optimize regulatory arrangements, establishing a comprehensive information disclosure system for private investment funds [2][4]. Summary by Sections Key Requirements for Information Disclosure - The regulation clarifies the basic requirements for information disclosure, emphasizing that fund managers must disclose information strictly according to the fund contract's stipulations, including content, channels, methods, and frequency. It also sets boundaries for voluntary disclosures and outlines the responsibilities of custodians [3][11]. - A framework for periodic reports, interim reports, and liquidation reports is established, detailing the types and content of reports for private securities funds and equity funds, requiring timely disclosure of significant events [3][19]. Strengthening Management and Legal Responsibilities - The regulation reinforces the management of information disclosure affairs, mandating that fund managers and custodians establish sound internal systems and clarify the cooperation obligations of shareholders, partners, and actual controllers [3][30]. - It also improves the supervision and legal responsibility mechanisms, specifying the regulatory powers and measures of the CSRC and its local agencies, and stipulating penalties for violations [3][36]. Enhancing Transparency - The regulation introduces a requirement for "penetrating disclosure" to address the long-standing issue of investors being unable to see through nested investments. Fund managers must disclose the underlying assets of nested investments and ensure cooperation from the invested private funds and legally issued asset management products [4][16]. - As of January 2026, there are 19,000 private fund managers managing 139,000 funds with a total scale of 22.4 trillion yuan. The new measures are expected to promote the standardized development of the private fund industry through effective information disclosure [4][22].