China Securities Regulatory Commission solicits public opinions on the "Guidelines for Performance Benchmarking of Publicly Offered Fund Investment Funds (Draft for Comments)"

According to the Securities Times APP, on October 31st, the China Securities Regulatory Commission publicly solicited opinions on the "Guidelines for Performance Benchmarking of Publicly Offered Securities Investment Funds (Draft for Solicitation of Comments)". The "Guidelines" consist of six chapters and twenty-one articles, with the main content as follows: 1. Highlighting the role of performance benchmarking, the performance benchmark should reflect the core elements and investment style agreed upon in the fund contract, once selected, it should not be changed arbitrarily. 2. Enhancing the constraint role of performance benchmarking, the fund manager should establish a full-process internal control mechanism, increase internal decision-making levels, and ensure the stability of investment styles. 3. Leveraging the evaluation function of performance benchmarks, standardizing the requirements for the use of performance benchmarks in compensation assessment, fund sales, fund evaluation, etc. 4. Strengthening multiple lines of defense, building on the self-restraint of fund managers, further enhancing information disclosure and supervising fund custodians.