For the first time, the private equity fund manager will apply for the qualification of private equity fund manager, and the private equity fund manager and venture capital fund manager will be changed to private equity fund manager or private equity fund manager and venture capital fund manager.
At the same time engaged in private equity investment fund business types and other applications to engage in private equity investment fund business, its senior managers and fund managers engaged in private equity investment fund business should have the qualifications for fund practice.
The registration institution shall verify whether the employees engaged in private investment fund business have the fund business qualifications in accordance with the provisions. In the next step, China Fund Industry Association will conduct qualification management and business training for fund practitioners in accordance with the provisions of the Fund Law, and require unqualified institutions to make rectification.
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People's Republic of China (PRC) Securities Investment Fund Law
Article 1 This Law is formulated for the purpose of regulating the activities of securities investment funds, protecting the legitimate rights and interests of investors and relevant parties, and promoting the healthy development of securities investment funds and capital markets.
Article 2 This Law is applicable to securities investment funds (hereinafter referred to as funds) established in People's Republic of China (PRC) through public offering or private placement, which are managed by fund managers and managed by fund custodians, and conduct securities investment activities for the benefit of fund share holders; Where there are no provisions in this Law, the provisions of People's Republic of China (PRC) Trust Law, People's Republic of China (PRC) Securities Law and other relevant laws and administrative regulations shall apply.
Article 3 The rights and obligations of fund managers, fund custodians and fund share holders shall be stipulated in the fund contract in accordance with this Law.
Fund managers and fund custodians shall perform their fiduciary duties in accordance with this Law and the provisions of fund contracts.
Fund share holders of funds established through public offering (hereinafter referred to as Public Offering of Fund) shall enjoy benefits and bear risks according to their fund shares, and the income distribution and risk bearing of funds established through non-public offering (hereinafter referred to as non-public offering funds) shall be stipulated in the fund contract.
Article 4 The activities of securities investment funds shall follow the principles of voluntariness, fairness, honesty and credibility, and shall not harm the national and social public interests.
Baidu Encyclopedia-People's Republic of China (PRC) Securities Investment Fund Law