The name and business scope of private M fund managers should include the words "fund management", "investment management", "asset management", "equity investment" and "venture capital". In addition, from the perspective of professional management and preventing conflicts of interest, private M fund managers may not concurrently engage in businesses that may conflict with private M funds, seller's businesses unrelated to the buyer's "investment management" business and other non-financial businesses. According to the Announcement on Further Regulating the Registration of Private M Fund Managers, the Association encourages private M fund managers to add the word "private M" to their names, but it is not mandatory at present.
The filing conditions for private M fund managers are as follows:
1. The registered capital of the main company applying for private placement of M funds for filing must be above 1000W, and the enterprise must pay more than 25% of the registered capital, which is one of the requirements of shareholders' capital contribution ability.
2. The business place of the private M fund company must be an office building with an independent office with an office area of not less than 100 square meter.
It should be noted here that the registration place of the applicant institution is not in the same administrative region as the actual business place, which does not affect the filing and registration of the private M fund manager. However, the applicant shall truthfully fill in the relevant matters, and the applicant shall make relevant factual statements, respectively explaining whether the manager's business premises and the place of registration are actually operated in the actual business premises.
3. The requirements for the legal representative, shareholders and senior managers of private M fund managers are also very strict. The legal representative, senior management and risk control personnel must be certified and have 3 to 5 years of relevant financial industry experience. The number of general enterprises should not be less than 5.
4. The issuance of legal opinions is generally required when reporting the legal representative, shareholders or senior management personnel, and it needs to be issued by a professional law firm. The legal opinions for filing private M funds should conform to the principles of professional management and prevention of conflicts of interest. At the same time, it is necessary to carefully verify the employees, funds, residence and facilities of the applicant institution, effectively confirm the paid-in capital information of the institution, and confirm that there is enough capital to ensure the effective operation of the institution.
The above is a brief introduction to the registration conditions and precautions of 202 1 private M fund manager. I hope I can help you!
Code word is not easy, hope to adopt, thank you!