Management rules for fund practitioners: personnel engaged in fund-related business in public offering fund management institutions, securities and futures management institutions engaged in private equity asset management business, and private equity fund management institutions; The legal representative, executive partner or its designated representative, compliance and risk control director and other senior management personnel of the private equity (including venture capital) investment fund management institution and personnel engaged in private equity fund raising business.

Personnel engaged in fund-related business of fund custodian institutions, personnel engaged in fund-related business of fund service institutions and other personnel who need to obtain professional qualifications as stipulated by administrative regulations, China Securities Regulatory Commission and the Association. The management rules stipulate that employees shall abide by the obligations of loyalty, prudence, law-abiding, conflict of interest management, information disclosure, fair competition and confidentiality, and shall not abuse their powers, deviate from socialist core values or violate professional ethics.

The Management Rules also clarify that if employees violate the code of conduct, the association will take self-discipline management measures or disciplinary measures depending on the seriousness of the case. And three types of fund qualification acquisition methods have been added, including employment experience identification, education+assessment, and overseas fund professional qualification identification arrangements to be promoted nationwide.

Five ways to obtain fund qualification

First, the fund employment examination, that is, according to the type of business, through the corresponding examination subjects. The second is qualification recognition, that is, overseas personnel who have passed the securities qualification or have relevant overseas qualifications are exempted from taking the professional subjects of the fund examination. Iii. Identification of work experience. Senior managers of private equity fund managers (including venture capital) with more than 10 working experience in securities, funds, finance, law and accounting are exempt from all subjects of the fund practice examination.

The fourth is education+assessment. Those who have a full-time undergraduate degree or above recognized by the national education department are exempt from all subjects of the fund examination. Before applying for registration qualification, the relevant personnel shall pass the examination of their institutions or other institutions recognized by qualified local fund associations and other associations. Fifth, special training+assessment. Fund sales personnel who obtained temporary qualifications in the special training+assessment pilot in the early stage may apply for changing their temporary qualifications to fund employment qualifications.