According to the announcement of registered items, the fund industry association puts forward the following requirements for private equity fund managers to submit audited annual financial reports:
1. If the registered private equity fund manager fails to submit the audited annual financial report as required from the date of the announcement of the registered items, the fund industry association will suspend accepting the application for filing the private equity fund products of the institution before the private equity fund manager completes the corresponding rectification requirements. At the same time, the fund industry association listed it in the list of abnormal institutions and publicized it through the publicity platform of private fund managers. Once the private fund manager is publicized as an abnormal institution, it will take at least 6 months to restore the normal institution publicity status even after the rectification is completed.
2. If the institution that newly applies for registration of private fund managers has been established for one year but fails to submit the audited annual financial report, the fund industry association will not register it.