Fund sales license application process
Compared with the current approval procedures for the establishment of Public Offering of Fund, the process of fund sales license is relatively simple, mainly divided into four steps.
1. Institutions and other departments conduct on-site inspections of securities companies.
2. The organization department shall issue corresponding supervision opinions to the applicant.
3. The applicant submits a formal application to the China Securities Regulatory Commission with the opinions issued by the institutional department and the results of on-site inspection.
4. The China Securities Regulatory Commission will give an approval reply to eligible applicants.
Application conditions for fund sales license
1. The registered capital is over RMB 20 million, which has been paid in.
2. The company has been established for more than three years, and has made profits and paid taxes for three consecutive years.
3. There is actual office space, and the meeting room should accommodate more than ten people. Fund personnel will operate fund trading procedures, and securities industry association personnel will conduct on-site field visits (the actual office space is required to be in Shenzhen).
4. Two senior executives have been engaged in fund business for two years, or engaged in other financial industries for more than five years.
5. Have a qualified fund sales platform.