Specific plan for private fund managers to implement classified publicity (draft for comments)

First, the scope of classified publicity

(1) Management publicity of the fund manager.

The scale of the managed fund shall be subject to the paid-in scale declared by the manager in the registration and filing system. According to the different types of private fund managers, choose different standards:

1. Private fund managers are divided into three large-scale ranges: more than 5 billion yuan, 2-5 billion yuan and1-2 billion yuan.

2. Private fund managers are divided into three ranges: 654.38+0 billion yuan, 565.438+0 billion yuan and 25 billion yuan.

3. Venture capital fund managers are divided into three categories: 1 100 million yuan or more, 554.38+0 billion yuan or more, and 2-5 million yuan.

Interval.

4. Other private fund managers are divided into three large-scale ranges: 1 100 million yuan, 554.38+0 billion yuan and 200-500 million yuan.

Such publicity will be updated regularly on a quarterly basis. The publicity content includes the administrator's name, registration number and registration time. The intervals are arranged in the order of registration numbers. In view of the fact that some institutions may be unwilling to publicize the scale of funds they manage, such publicity will clearly indicate that "based on full respect for the wishes of the parties, some managers who manage large-scale funds are not included in such publicity". For private fund managers of cross-category fund products, statistics are made according to the paid-in scale of different types of funds under management.

(two) the management is not standardized and there is a problem of integrity of the manager publicity

1. Not registered according to law For private equity funds that have not applied for registration and filing through complaints and other clues,

The products of management institutions and private equity funds will be publicized to such institutions after verification. The publicity content includes the name of the private equity fund management institution, the place of registration and the name of the private equity fund product.

2. Relevant entities have bad credit records for private fund managers, their actual controllers and their legal representatives.

If executives are punished for violating laws and regulations, the association will publicize such institutions. The publicity content includes the name of the subject or natural person to be punished, the name of the private fund manager, the registration number and the establishment time.

3. Falsely reporting or intentionally omitting important information discovered by private fund managers at the time of registration or falsely reporting.

If important information is intentionally omitted, the association will publicize such institutions. The publicity contents include the name, registration number, establishment time, false report or brief information intentionally omitted by the private equity fund manager.

(3) timely publicity

1, and the fund under management is zero. The publicity contents include the name, registration number, registration time and establishment time of the private equity fund manager.

2. The paid-in capital is less than 25% of the registered capital or less than 654,380,000 yuan. The publicity contents include the name, registration number, registration time, paid-in capital and the proportion of registered capital of the private equity fund manager.

The above irregular operations and prompt publicity are dynamically managed and updated in time according to the data of the registration and filing system.

Second, the handling of objections to classified publicity information

(a) the parties are unwilling to publicize or have objections to the publicity information.

1. In case of large-scale publicity of management funds, verify the situation. If there are no other violations of laws and regulations, do a good job of explanation, fully respect the wishes of the parties, and do not publicize.

2. If the operation is not standardized and the publicity is not timely, compulsory publicity shall be conducted and self-discipline inspection shall be conducted. There are other illegal acts, as the case may be, take self-discipline measures or report to the China Securities Regulatory Commission.

(two) the public has any objection to the disclosure of information. For such objections, the association will conduct self-discipline inspection. If there are other violations of laws and regulations, self-discipline measures will be taken or reported to the China Securities Regulatory Commission as appropriate.