The China Securities Regulatory Commission publicly solicits opinions on the operation and management measures and supporting rules of public funds

China News Service, Beijing, October 9 (Reporter Chen Kangliang) According to news from the China Securities Regulatory Commission on the 9th, the China Securities Regulatory Commission has revised the "Operation and Management Measures for Publicly Offered Securities Investment Funds" and supporting rules, forming the "Operation and Management Measures for Publicly Offered Securities Investment Funds (Draft for Comments)" (referred to as the "Operation Measures"), "Regulations on Issues Concerning the Implementation of the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds" (Draft for Comments)" and "Securities Investment Fund Information Disclosure Content and Format Guidelines No. 6 "Content and Format of Fund Contracts" (Draft for Comments)" to solicit opinions from the public.

The "Operation Measures" are an important supporting departmental regulation of the "Securities Investment Fund Law". They clarify investment operation matters such as product registration, subscription and redemption, investment restrictions, income distribution, holders' meetings, etc., and play an important role in standardizing fund investment operations, protecting investors' rights and interests, and promoting industry development. It has been more than 10 years since the current "Operation Measures" were revised and promulgated in 2014. During this period, the market environment and the public fund industry have undergone major changes, and the rules need to be revised and improved.

According to reports, the main contents of this revision of the rules are: First, adhere to a problem-oriented approach, improve the regulatory requirements for fund investment operations, and consolidate the responsibilities of fund managers. The second is to support the development of equity funds, improve the investment and operation arrangements of equity funds, provide space for product innovation, and help introduce more medium and long-term funds. The third is to optimize some regulatory indicators and mechanisms to improve the flexibility of fund operations.