According to industry insiders, this means that private equity investment funds will not have to resort to trust accounts. Private equity investment funds will be "normalized" after registration and filing, which can attract funds from institutions such as social security.
The Securities Investment Fund Law includes the non-public offering of securities investment funds into the scope of adjustment, requiring private fund managers to go through the registration formalities with the fund industry association and handle the filing of private funds according to regulations. 2065438+June 2003, the Central Committee issued a document, and the CSRC was responsible for the supervision and management of private equity investment funds. With the approval of the Central Office, the CSRC authorized the fund industry association to be specifically responsible for the registration of private fund managers and the filing of private funds, and to perform self-regulatory functions.
The "Measures" require that private investment fund managers should go through the registration procedures with the fund industry association and apply to become members of the fund industry association. Except in the case of suspension of registration, if the registration application materials are complete, the fund industry association will publicize the basic situation of the private fund manager through the website within 20 working days from the date of receiving all the registration materials, and complete the registration procedures for the private fund manager. Tencent creates space, a platform for entrepreneurship.
Private fund managers shall, within 20 working days after the end of private fund raising, file the fund through the private fund registration and filing system. Registered private equity investment funds can apply for opening securities-related accounts.
Relevant persons of the fund industry association said that the registration and filing of private investment funds is not an administrative license, and the fund industry association does not conduct substantive prior review of the registration and filing materials provided by private investment fund managers. The private investment fund manager promises to bear legal responsibility for the authenticity, accuracy and completeness of the information provided. The fund industry association will publicize the basic information of managers, funds and employees and accept social supervision. The association will take self-discipline measures for providing false information and other violations of self-discipline rules; If the circumstances are serious or suspected of violating the law, it shall be handed over to the CSRC for handling. The association will establish the integrity files of private fund managers and their employees, and establish the integrity system of private fund industry; Encourage private equity funds to conduct custody.