The principle of openness can be divided into substantive principle and formal principle. The so-called substantive principles include authenticity, accuracy, integrity, timeliness and fair disclosure. The principle of form includes normative principle, easy to understand principle and easy to obtain principle.

I substantive principles:

1. principle of authenticity: the principle of authenticity is the most fundamental and important principle of fund information disclosure. The information required to be disclosed should be based on objective facts and reflect the true state, and it is not allowed to distort or whitewash it.

2. Principle of accuracy: The principle of accuracy requires the disclosure of information in accurate language, which is not misleading in content and expression, and ambiguous language is not allowed.

3. Principle of good faith: All important matters should be made public.

4. The principle of timeliness: disclose the interim report within 2 days from the date of major events. The fund manager updates the prospectus every six months.

5. Principle of fair disclosure: The principle of fair disclosure requires that information be disclosed to all investors in the market equally and openly, not just to individual institutions or investors.

Second, the principle of form:

1. Normative principle: Normative principle requires that fund information must be disclosed in accordance with legal content and format to ensure comparability of the disclosed information.

2. Easy-to-understand principle: The easy-to-understand principle requires that the expression of information disclosure should be concise and easy to understand, and avoid using lengthy and technical terms.

3. Accessibility principle: Accessibility principle requires that publicly disclosed information can be easily obtained by general public investors. In addition to the newspapers and websites designated by laws and regulations, the information disclosure obligor may also disclose information in other public media, but it should be noted that other media shall not disclose information earlier than the designated newspapers and websites, and the same information disclosed by different media shall be consistent.

Extended data:

Fund information disclosure requirements:

1, comprehensiveness: This is a requirement for the scope of fund information disclosure. Complete disclosure requires the information disclosure parties to fully and completely disclose the information of all statutory matters in accordance with the law, and there shall be no omissions or deficiencies. Information that may have a significant impact on the rights and interests of fund holders or the transaction price of fund shares must be fully disclosed, and there shall be no concealment or major omissions.

2. Authenticity: The core of information disclosure is the authenticity of information. The publicly disclosed fund information shall be true and accurate, and there shall be no false records or misleading statements.

3. Timeliness: This is the time requirement of information disclosure operation. Immediate disclosure requires the information disclosing party to disclose relevant important information in time.

Baidu Encyclopedia-Fund Information Disclosure

Baidu Encyclopedia-Measures for the Administration of Information Disclosure of Securities Investment Funds