中国证监会修订发布《公开募集证券投资基金信息披露内容与格式准则第2号—定期报告的内容与格式》

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised and integrated the disclosure standards for public fund reports to enhance transparency and protect investors' rights, effective from May 1, 2026 [2][3]. Group 1: Key Revisions to Disclosure Standards - The revised standards, now titled "Guidelines for the Content and Format of Information Disclosure for Publicly Raised Securities Investment Funds No. 2 - Content and Format of Regular Reports," consist of 3 chapters and 36 articles [2]. - The revisions include the integration of similar disclosure items across annual, semi-annual, and quarterly reports [2]. - Targeted and personalized disclosure requirements have been proposed based on the different functional roles of annual, semi-annual, and quarterly reports [2]. - Certain information disclosure requirements have been simplified and adjusted, drawing from higher-level regulations and practices in mature foreign markets [2]. - The fund industry association is tasked with developing an extensible business reporting language (XBRL) template based on the new guidelines and the information disclosure activities [2]. Group 2: Implementation and Feedback - The CSRC has conducted public consultations on the guidelines, receiving general support from market participants, who also provided specific suggestions for modifications [2]. - The CSRC has carefully reviewed and incorporated feedback into the final version of the guidelines [2]. - Moving forward, the CSRC will focus on the implementation of the guidelines to continuously improve the standardization and transparency of industry information disclosure [3].