Legal basis: Measures for the Registration of Private Investment Fund Managers and Fund Filing.
Article 1 These Measures are formulated in accordance with the Securities Investment Fund Law, the Circular of the Central Committee on the Division of Responsibilities for Private Equity Fund Management and the relevant provisions of China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) in order to standardize the private equity fund business, protect the legitimate rights and interests of investors and promote the healthy development of the private equity fund industry.
Article 2 The term "private equity investment fund" as mentioned in these Measures refers to an investment fund established by raising funds from qualified investors in a non-public way, including a company or partnership engaged in investment activities with assets managed by a fund manager or general partner.
Article 3 China Asset Management Association (hereinafter referred to as the Fund Industry Association) shall handle the registration of private equity fund managers and the filing of private equity funds in accordance with the provisions of these Measures, and conduct self-discipline management of private equity fund business activities.
Article 4 Private fund managers shall provide the documents and materials required for the registration and filing of private funds, and ensure the authenticity, accuracy and completeness of the documents and materials provided.
Article 5 A private fund manager shall go through the registration procedures for fund managers with the fund industry association and apply for membership of the fund industry association.
Article 6 When applying for registration, a private equity fund manager shall truthfully fill in the basic information of the fund manager, senior managers and other employees, shareholders or partners and managed funds through the private equity fund registration and filing system.
Article 7 Where the registration application materials are incomplete or inconsistent with the provisions, the private equity fund manager shall make timely corrections according to the requirements of the fund industry association.
During the application for registration, if the registered items change significantly, the private equity fund manager shall promptly inform the fund industry association and change the registration application.
Article 8 Fund industry associations may check the registration application materials provided by private fund managers by interviewing senior managers, conducting on-site inspections, consulting the China Securities Regulatory Commission and its dispatched offices and relevant professional associations.
Article 9 If the registration application materials provided by the private equity fund manager are complete, the fund industry association shall, within 20 working days from the date of receiving all the registration materials, publicize the basic information of the private equity fund manager through the website to complete the registration procedures for the private equity fund manager. The basic information of private fund managers published on the website includes the basic information of private fund managers, such as name, establishment time, registration time, residence, contact information, principal responsible person, basic credit information, etc.
Public information does not constitute recognition of the investment management ability and continuous compliance of private fund managers, and does not serve as a guarantee for the safety of fund assets.
Article 10 If a registered private fund manager is dissolved, revoked or declared bankrupt according to law, the fund industry association shall cancel the registration of the fund manager in time.