中国基金报记者 曹雯璟 记者从业内获悉，最新一期《机构监管情况通报》（以下简称《通报》）于11月24日发布。 《通报》要求，基金管理人、基金销售机构应当坚持投资者利益优先、公平对待投资者的原则，建立健 全基金销售结算资金交收机制，不断规范和完善业务操作流程，综合考虑基金产品运作特点和技术系统 建设情况等因素，合理设置基金销售结算资金交收时间安排。 多位业内人士表示，此次《通报》对申购或赎回资金交收时间、宣传营销等方面提出一系列要求，从源 头上强化投资者资金安全保护，促使公募行业从"内卷式"竞争回归以持有人利益为先、产品稳健运作的 本源，对构建公平、透明、可持续的基金生态具有重要意义。 细化申购资金交收时间节点 （原标题：最新监管通报，来了！） 【导读】监管发布最新要求：建立健全基金销售结算资金交收机制等 深圳一位公募人士认为，此次规定明确赎回资金"不早于确认日次一交易日"划出，并禁止同一产品在不 同渠道设置差异化的交收时间，是从制度层面将"安全交收"前置，旨在兼顾投资者体验与产品稳健运 作，公平对待所有存量持有人。 坚决抵制"内卷式"竞争 不得使用"实时到账""极速赎回"等表述 关于申购资金交收时间安排，《通 ...

Core Viewpoint - The latest regulatory requirements emphasize the establishment of a sound fund sales settlement mechanism to prioritize investor interests and enhance the safety of investor funds [2][4]. Group 1: Fund Subscription Settlement - Fund managers and sales institutions are required to improve technical system investments to enhance the efficiency of fund subscription settlement and reduce the time funds are in transit [4][5]. - For off-site money market funds, confirmation data and settlement data must be sent to sales institutions by 10:00 on the confirmation date, with funds transferred to the fund's registration account by 16:00 on the same day after deducting any fees [4][5]. Group 2: Fund Redemption Settlement - Fund managers must strengthen liquidity risk management and determine redemption settlement times based on the product's investment characteristics and market liquidity, ensuring that the safety of fund assets is prioritized [7]. - Redemption funds for non-money market funds must not be transferred to sales institutions before the next trading day after the redemption request is confirmed, preventing mismatches between asset liquidation and redemption speed [7]. Group 3: Marketing and Promotion Regulations - Fund managers and sales institutions must recognize the importance of a secure fund settlement mechanism and resist "involution" competition, avoiding misleading marketing practices [9]. - The use of terms like "real-time arrival" and "instant redemption" in promotional materials is prohibited to prevent investors from focusing solely on speed without understanding the underlying risks [9][10].