Personal pension's first supporting rules publicly solicit opinions on multiple rules related to commercial banks

21st Century Business Herald reporter Li Yue Beijing report

After nearly two months of the "Opinions on Promoting the Development of Personal Pensions", the first implementation rules for implementation were publicly solicited.

On June 24, the CSRC solicited opinions on the society publicly for the "Interim Provisions on the Management of Business Management (Draft for Opinions)" (hereinafter referred to as "Draft for Opinions).

The "Draft of Opinions" has 6 chapters and 30 articles, which mainly specify three aspects: First, to clarify the general principles and basic requirements of fund managers and fund sales institutions to carry out personal pension investment fund business; second, clarify the fund where personal pensions can invest Product standard requirements and regulations on the investment management and risk management responsibilities of fund managers; third, clarify the exhibition conditions requirements of fund sales institutions, and to prompt information prompts, account services, promotion, appropriate management, investment, investment Personal education and other responsibilities make regulations.

According to the 21st Century Business Herald reporter, the contents of the "Draft" are related to commercial banks, such as fund custodians, fund sales agencies, fund managers, and fund sales agencies to assist investors to apply for personal pension -related accounts and designated. Or change responsibilities such as changes, as well as personal pension funds accounts.

Fund shares need to be transferred to personal pension funds account

Due to the personal account system of personal pensions, investors need to open or designate personal pension funds accounts before purchasing personal pension -related financial products. As a result, commercial banks have also become the biggest beneficiaries of the personal pension system.

The "Draft of Opinions" shows that the Securities Regulatory Commission authorizes the construction of an information platform for the construction of China Securities Registration and Settlement Co., Ltd. and other institutions to build and operate the personal pension investment fund business. Commercial banks that manage service platforms, commercial banks that carry out personal pension funds account business, fund managers who carry out personal pension investment fund business, and fund sales institutions to establish system connections.

Fund managers and fund sales agencies can help investors in the process of product sales to handle the only personal pension funds account business on the commercial bank to open or associate their own personal pension funds account; Or change the settlement account business.

At the same time, fund managers and fund sales agencies shall ensure that the fund share redemption is transferred to the personal pension fund account. Fund managers and fund sales institutions shall apply for personal pension investment fund inheritance and other matters shall be handled through share redemption.

Sales institution implementation list management

In addition to the personal pension funds account, commercial banks are expected to benefit greatly as the fund's custodian and sales institutions. According to the ranking of public offering fund sales in the first quarter of this year's sales institution, the top 10 of the top 10 of the top 10 commercial banks announced by the China Securities Investment Fund Industry Association.

The "Draft of Opinions" further clarified that fund sales institutions that carry out personal pension fund sales shall have relevant conditions:

The operating conditions are good, the financial indicators are stable, and have strong public offering fund sales capabilities; the scale of stock funds and hybrid funds in the last four quarters has a scale of not less than 20 billion yuan. No less than 5 billion yuan;

The company's good governance, complete internal control, and high levels of compliance management; have not been punished by criminal punishment or major administrative penalties in the past three years; During the rectification period, or being investigated by the regulatory agency due to suspected major violations of laws and regulations; no major changes that have affected or may affect the company's normal operation, or major lawsuits, arbitration and other items;

Complete the network test with the fund industry platform and other conditions stipulated by the Securities Regulatory Commission.

The "Draft of Opinions" also stipulates that the Securities Regulatory Commission implements a list of implementation of the personal pension fund sales institution. At the end of each quarter, the personal pension fund sales institution is updated on the official website, the fund industry platform, and the information platform; Fund sales institutions shall not add personal pension investment fund business.

The Securities and Futures Commission and its dispatched agencies regularly supervise the business of fund managers and fund sales institutions to carry out personal pension investment funds, including the investment operation of personal pension funds, the scale of sales insurance, long -term income of investors, and customer service capabilities Essence Related results are applied to the fund manager classification evaluation, administrative license, business innovation evaluation, etc., and unqualified personal pension funds or fund sales institutions are removed from the list.

Propaganda is clear and does not guarantee the principal and income

While clarifying the relevant conditions of the personal pension fund sales agency, the "Draft" also specifically clarified the relevant duties of fund managers and fund sales institutions.

The "Draft of Opinions" shows that fund managers and fund sales agencies should make special reminders to investors before investors invest in personal pension funds for the first time, and are confirmed by investors. The prompt information includes but is not limited to: fund shares and other funds will be transferred to personal pension funds account. Investors fail to receive personal pensions when they fail to obtain other collection conditions stipulated by the policy regulations; investors should provide truthfully providing truthfully Personal information, personal pension funds account information, etc.

Fund sales agencies should perform during the sales business of personal pension funds: fully explain to investors' main requirements for personal pension -related systems, personal pension investment fund business, and prompt relevant information when investing for the first time to fully reveal relevant risks ; According to the investor's application, in the process of selling the personal pension fund, assist in handling personal pension -related accounts such as opening, designated or changing accounts in accordance with regulations. During the product sales process, fund sales agencies provide relevant account services based on investors' application, and meet the requirements of laws and regulations and personal pension -related systems. Account service includes: special transaction accounts for personal pension funds can be handled for investors, and information related to the business of personal pension investment funds can be recorded; they can help investors open personal pension accounts on the information platform through commercial banks and other channels; Apply for the only personal pension funds account business on online or related to the commercial bank; you can handle the new or changed settlement account business after changing the personal pension funds account for investors; Essence

At the same time, the appropriate management of investors should be strengthened during publicity and promotion. Management, personal pension funds are divided into risk levels according to the characteristics of risk returns. According to the age, retirement date, income level, and risk appetite of investors, they must recommend the fund to investors. Gold fund and so on.

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