2. Position share refers to the number of funds held by investors, with total fund = position share * net fund value (net fund value is the price of the fund).
3. The fund share refers to the certificate issued by the fund sponsors to investors, indicating that the holder enjoys the rights related to income distribution and the right to obtain the remaining property after liquidation according to his share, and assumes corresponding obligations.
First, the listing of fund shares involves the interests of many investors and is closely related to financial fields such as securities. It shall be approved in accordance with the conditions and procedures prescribed by law. In essence, fund share is a kind of generalized securities. Therefore, the provisions of this article on the examination and approval of fund share listing transactions are basically consistent with those of the Securities Law on the examination and approval of securities listing transactions.
Two. According to the relevant regulations, the approval procedures for the listing of fund shares are as follows:
1. The fund manager shall submit the listing application, listing announcement, fund raising approval document, fund share offering document, fund contract, fund custody agreement, capital verification report, qualification certificates of fund manager and fund custodian, and fund asset custody certificate to the stock exchange. And apply to the stock exchange for listing and trading of fund shares.
2. A stock exchange shall examine the documents submitted by the fund manager, issue an examination opinion on those that meet the requirements for listing and trading, draw up the time for listing and trading, and attach relevant documents, which shall be submitted to the the State Council Securities Regulatory Authority for approval.
3. The the State Council securities regulatory authority shall examine the documents submitted by the stock exchange in accordance with the regulations, make a decision on approval or disapproval, and notify the stock exchange and the fund manager. If you disagree, you should explain the reasons.
4. If the application for listing and trading of fund shares is approved by the the State Council Securities Regulatory Authority, the stock exchange will issue a listing announcement, sign a listing and trading agreement with the fund manager, and arrange the listing and trading of fund shares.
Three. The listing of fund shares refers to the listing of fund shares on the stock exchange upon the application of the fund manager and the approval of the the State Council Securities Regulatory Authority, and the transactions are conducted by means of open and centralized bidding.