On June 20 12, China Asset Management Association (hereinafter referred to as "Fund Industry Association") was established and became an independent legal person association in parallel with China Securities Industry Association. The revised Securities Investment Fund Law (hereinafter referred to as the New Fund Law) was officially implemented on June 20 13 13, stipulating that fund practitioners should have the qualifications for fund practice, and authorizing fund industry associations to organize fund practitioners' examinations, qualification management and business training.
The fund review results are valid for four years; Those who pass the securities qualification examination "Basic Knowledge of Securities Market" and "Securities Investment Fund" organized by the association are deemed to have passed the subject examination of "Fund Qualification Examination". Candidates can choose reference subjects according to their needs.
In order to further improve the knowledge framework system of fund qualification examination, China Asset Management Association has revised Subject I "Examination Outline of Fund Laws and Regulations, Professional Ethics and Business Norms", Subject II "Examination Outline of Basic Knowledge of Securities Investment Funds" and Subject III "Examination Outline of Basic Knowledge of Equity Investment Funds (including Venture Capital Funds)" (see official website of Fund Industry Association for details), which are hereby promulgated.