2024年资产管理监管发展报告

Executive Summary

After four years of rapid regulatory development, many regulators are now focusing on supervision rather than policymaking. Compliance checks and updates to existing rules are being prioritized. This shift presents an opportunity for asset managers to build strong foundations for future regulatory compliance.

Key Topics and Focus Areas

1. Anti-Greenwashing Measures

   • Regulators remain highly focused on preventing greenwashing in the asset management sector.
   • Several jurisdictions are introducing or considering sustainability-related product labels and enhanced disclosure requirements.
   • Rules are being created to ensure that fund names and marketing materials are not misleading.

2. Regulation of AI and Digital Technology

   • Regulators worldwide are taking different approaches to the regulation of AI and digital technology.
   • This creates challenges for global asset managers seeking to leverage new technology.
   • The report notes ongoing efforts to address these challenges and ensure compliance.

3. Tokenization and Crypto Assets

   • Efforts are underway in some markets to clarify the conditions under which funds can be tokenized.
   • There is a growing debate on whether retail funds should be allowed to invest in crypto assets.
   • These developments are driven by the increasing interconnectedness of the asset management sector with the real economy.

4. Systemic Risk

   • Regulators continue to focus on systemic risk, particularly in relation to open-ended fund liquidity practices and money market funds.
   • The shift towards assessing leverage and related risks indicates a growing concern about potential market instability.

Overall, the report highlights the need for asset managers to stay proactive and adaptable in managing regulatory changes. By building robust compliance frameworks and staying informed about evolving regulatory landscapes, asset managers can navigate the complexities of the evolving regulatory environment effectively.