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Requirements and functions of private equity fund custodian banks
The Securities Investment Fund Law stipulates that the custodian bank of securities funds, namely the custodian, shall meet the following conditions:

(1) Its net assets and risk control indicators meet the requirements;

(2) Having a special fund custody department;

(3) The number of full-time personnel who have obtained the qualification for fund practice has reached a quorum;

(4) Having the conditions for safe custody of the fund property;

(5) Having a safe and efficient clearing and delivery system;

(6) Having business premises, safety precautions and other facilities related to the fund custody business that meet the requirements;

(seven) a sound internal audit monitoring system and risk control system;

(8) Other conditions as prescribed by laws and administrative regulations, and as prescribed by the State Council securities regulatory agency and the State Council banking regulatory agency approved by the State Council.

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