The conditions for passing the bank and fund exemption course are applicable to the senior managers of private fund managers.

Senior managers of private equity fund managers who meet one of the following conditions and pass the subject 1 examination may apply for the qualification of fund practice:

1. Engaged in asset management-related business in the last three years, with the average annual scale of assets under management above 6,543,800,000 yuan;

2. Pass the financial qualification examinations such as securities qualification (excluding securities investment funds, securities issuance and underwriting subjects), futures qualification, banking qualification, chartered financial analyst (CFA), or obtain the qualification of certified public accountant, legal professional qualification, asset appraiser, or serve as a director, supervisor or senior manager of a listed company;

If one of the above conditions is met, the institution or individual shall submit to China Asset Management Association the certificate of asset management scale in the last three years issued by the fund custodian (fund custodian department) or fund service institution, or the relevant qualification certificate or certificate.

The above-mentioned materials related to applying for qualification identification are submitted in electronic form through the qualification identification file uploading port of the private equity fund registration and filing system.

Therefore, candidates who do not meet the above requirements need to complete the examination of Subject 1, Subject 2 or Subject 3 of the Fund as required. The fund qualification examination is an introductory examination for the fund industry, which mainly requires employees to master basic laws and regulations, professional ethics and professional knowledge and skills. The test questions are multiple-choice questions, paying attention to the practical application ability of candidates and abandoning the mode and content of rote learning.