The cancellation of registration of private fund managers is not sentenced to death or banned. The association reiterated yesterday that canceling the registration of private fund managers according to the announcement is not a self-discipline act against relevant institutions. If the cancelled institution does have business needs, it may re-apply for the registration of private equity fund managers in accordance with the Measures for the Registration of Private Equity Fund Managers and Fund Filing (Trial) and the Announcement. In fact, since the implementation of the announcement, the registration and filing of private equity funds has been carried out normally according to regulations, and related work has never stopped or suspended.

In addition, for private fund managers registered before February 5, 20 16, who have applied for supplementary legal opinions or submitted applications for filing private fund products for the first time before August 6, 20 16, the association will appropriately extend the processing time and publicize the handling situation. The association reminds relevant institutions to make reasonable plans according to the actual situation and complete the registration and filing work as soon as possible. For institutions that fail to meet the relevant requirements of the announcement, the association will cancel them before the end of 20 16.