Article 29 of the Measures for the Administration of Raising Private Investment Funds (hereinafter referred to as the Measures) stipulates that the raising institution shall give investors a cooling-off period of not less than 24 hours after completing the procedures for confirming qualified investors, and investors can sign private equity fund contracts after the cooling-off period expires. The investment cooling-off period of private equity investment funds and venture capital funds can refer to private equity investment funds or be agreed by themselves.

Drawing lessons from the best practices of the industry, international practices and the provisions of the Insurance Law, fundraising institutions shall not take the initiative to contact investors during the cooling-off period of investment, and investors have the right to terminate the fund contract according to the fund contract during the cooling-off period. At the same time, explore the return visit confirmation system, and the non-raised staff of the fundraising institution will perform the return visit procedure to further confirm the investor's identity and true investment willingness. Only after the confirmation is successful can the investment funds be used.

Second, what is the return visit confirmation system?

Article 30 of the Measures stipulates that after the cooling-off period of investment expires, the fundraising institution shall instruct the personnel other than the fund sales promotion business of the institution to pay a return visit to the investment by recording telephone calls, emails, letters and other appropriate means. There shall be no induced statements during the return visit. The return visit confirmation made by the fundraising institution during the investment cooling-off period is invalid.

The return visit shall include but not limited to the following contents:

(1) Confirm whether the interviewee is an investor or an institution;

(two) to confirm whether the investor has purchased the fund products for himself, and whether the investor has signed or sealed the fund products as required;

(3) Confirm that investors have read and understood the contents of the fund contract and risk disclosure;

(four) to confirm whether the investor's risk identification ability and risk-taking ability match the private equity fund products invested;

(five) to confirm whether the investors are aware of the main expenses and rates borne by investors, the important rights of investors and the contents, methods and frequency of information disclosure of private equity funds;

(six) to confirm whether the investors are aware of the possible investment losses in the future;

(seven) to confirm whether the investor knows the start time, period and rights of the investment cooling-off period;

(8) Confirm whether the investors are aware of the dispute settlement arrangements.