1, the new regulation of private equity fund management "Regulations" clearly defines the scope of application. These Regulations shall apply to private investment funds of different organizational forms, such as contract, company and partnership, and stipulate that private investment funds are raised in a non-public way, investment funds are established according to law, or companies and partnerships are established for investment activities, which are managed by private fund managers or general partners, and investment activities are conducted for the benefit of investors.
2. The Regulations clarify the obligations of private fund managers and custodians. It is clear that they should not become private fund managers and their controlling shareholders, actual controllers, directors, supervisors, senior managers and other related subjects, and it is clear that employees should receive compliance and professional ability training in accordance with regulations.
3. This regulation regulates the fund raising and investment operation. Private equity investment funds shall be raised or transferred to qualified investors, and the cumulative number of investors in a single private equity investment fund shall not exceed the number prescribed by law.