For the rules on the qualification of lawyers in the fund qualification examination, please refer to the Announcement on Further Regulating the Registration of Private Fund Managers issued by China Fund Industry Association on February 5, 20 16.

Among them, if the senior managers of private fund managers pass the legal professional qualification examination and meet the relevant qualifications, they should also pass the fund qualification examination subject "Fund Laws and Regulations, Professional Ethics and Business Standards" before they can be recognized as fund qualifications. In other words, compared with other ordinary employees, they are exempt from subject 2 or subject 3. This is an answer to the requirement of exemption from the fund qualification examination. 106 1