Responsibilities of private fund managers:
Use the fund assets to invest and manage the fund assets in accordance with the provisions of the fund contract. Pay the fund income to the fund holder in time and in full.
Legal basis: Interim Measures for the Supervision and Administration of Private Investment Funds in People's Republic of China (PRC).
Article 24 Private fund managers and private fund custodians shall truthfully disclose the fund investment, assets and liabilities, investment income distribution, expenses and performance awards undertaken by the fund, possible conflicts of interest and other important information that may affect the legitimate rights and interests of investors in accordance with the contract, and shall not conceal or provide false information. The information disclosure rules shall be formulated separately by the fund industry association.
Article 25 A manager of a private equity fund shall, in accordance with the provisions of the fund industry association, fill in and regularly update relevant information such as the manager and his employees, the investment operation and leverage of the private equity fund under management, and ensure the truthfulness, accuracy and completeness of the information filled in. Major events should be reported to the fund industry association within 10 working days. Private equity fund managers shall, within 4 months after the end of each fiscal year, submit to the fund industry association the annual financial report audited by the accounting firm and the basic information on the annual investment and operation of private equity funds managed by them.
Article 26 Private fund managers, private fund custodians and private fund sales organizations shall properly keep records of private fund investment decisions, transactions and investor suitability management and other relevant materials for a period of not less than 65,438+00 years from the date of termination of fund liquidation.