In order to standardize the private investment fund business, protect the legitimate rights and interests of investors and promote the healthy development of the private investment fund industry, according to the Securities Investment Fund Law and the authorization of the China Securities Regulatory Commission, China Asset Management Association has formulated the Measures for the Registration of Private Investment Fund Managers and Fund Filing (for Trial Implementation), which is hereby promulgated.

Chapter I General Provisions

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.

Chapter II Registration of Fund Managers

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.

Chapter III Fund Filing

Article 11 The manager of a private equity fund shall, within 20 working days after the private equity fund is raised, put on record through the private equity fund registration and filing system, indicate the fund category according to the main investment direction of the private equity fund, and truthfully fill in the basic information such as the fund name, fund scale, investor, fund contract (the articles of association of the fund company or partnership agreement, hereinafter referred to as the fund contract).

Where a corporate fund employs a management team to manage the assets of the fund, the corporate fund shall go through the procedures of fund filing and fund manager registration.

Article 12 Where the filing materials of private equity funds are incomplete or do not meet the requirements, the private equity fund manager shall make timely corrections according to the requirements of the fund industry association.

Article 13 If the filing materials of private equity funds are complete and meet the requirements, the fund industry association shall, within 20 working days from the date of receiving all the filing materials, complete the filing procedures of private equity funds by publicizing the basic information of private equity funds through the website. The basic information of private equity fund publicized on the website includes the name of private equity fund, time of establishment, filing time, main investment fields, fund manager and fund custodian.

Article 14 A registered private equity fund may apply for opening a securities-related account.

Chapter IV Personnel Management

Fifteenth private fund managers shall submit the basic information and change information of senior managers and other fund practitioners to the fund industry association in accordance with the regulations.

Article 16 Professionals engaged in private equity fund business shall have the qualifications for private equity fund practice.

Meet one of the following conditions, can be identified as having the qualification of private equity fund:

(1) Having passed the private equity fund qualification examination organized by the fund industry association;

(2) Engaged in investment management-related business in the last three years;

(three) other circumstances identified by the fund industry association.

Article 17 The senior managers of private fund managers shall be honest and trustworthy, have no record of serious dishonesty in the last three years, and have not been banned from the market by the China Securities Regulatory Commission.

The senior management mentioned in the preceding paragraph refers to the chairman, general manager, deputy general manager, executive partner (designated representative), compliance risk controller and other personnel who actually perform the above duties.

Article 18 Private fund practitioners shall regularly participate in the practice training organized by fund industry associations or their authorized institutions.

Chapter V Information Submission

Article 19 A private equity fund manager shall, within 5 working days after the end of each month, update the relevant information of the private equity investment funds he manages, including fund scale, unit net value, number of investors, etc.

Article 20 A private equity fund manager shall, within 65,438+00 working days after the end of each quarter, update the relevant information of non-securities private equity funds such as private equity funds managed, including subscription scale, paid-in scale, number of investors, main investment direction, etc.

Article 21 Private fund managers shall update the basic information of private fund managers, shareholders or partners, senior managers and other employees, managed private funds and so on within 20 working days after the end of each year.

Private fund managers shall, before the end of April each year, fill in the annual financial report audited by accounting firms through the private fund registration and filing system.

Fund managers entrusted with the management of venture capital funds supported by the state's fiscal and taxation policies shall also submit reports on the investment in small and medium-sized enterprises and social and economic contributions of the venture capital funds entrusted with management.

Article 22 A private fund manager shall report the following major events to the fund industry association within 10 working days:

(1) The name of the private equity fund manager and the senior management personnel have changed;

(2) The controlling shareholder, actual controller or executive partner of the private equity fund manager changes;

(3) Division or merger of private fund managers;

(4) The private equity fund manager or senior manager has committed major violations of laws and regulations;

(5) Being dissolved, revoked or declared bankrupt according to law;

(six) other major matters that may harm the interests of investors.

Article 23 In case of any of the following major events during the operation of private equity funds, the private equity fund manager shall report to the fund industry association within 5 working days:

(1) Significant changes have taken place in the fund contract;

(two) the number of investors exceeds the provisions of laws and regulations;

(3) fund liquidation or liquidation;

(4) The private fund manager and fund custodian have changed;

(5) Other events that have a significant impact on the continued operation of the fund, the interests of investors and the net asset value.

Article 24 The fund industry association shall make statistical analysis on the managers, employees and private equity funds of private equity funds every quarter, and report to the China Securities Regulatory Commission.

Chapter VI Self-discipline Management

Twenty-fifth fund industry associations set up relevant professional committees according to the types of funds managed by private fund managers to implement differentiated self-discipline management.

Twenty-sixth fund industry associations can conduct off-site inspection and on-site inspection of private fund managers and their employees, and require private fund managers and their employees to provide relevant materials and information. Private fund managers and their employees shall cooperate with the inspection.

Twenty-seventh fund industry associations to establish private fund managers and their employees integrity files, tracking and recording their integrity information.

Twenty-eighth fund industry associations accept complaints against private fund managers or fund practitioners, and can investigate and verify the complaints and deal with them according to law.

Twenty-ninth fund industry associations can mediate private equity fund business disputes according to the principle of equality and voluntariness of the parties, and safeguard the legitimate rights and interests of investors.

Thirtieth private fund managers, senior managers and other employees in any of the following circumstances, the fund industry association may, depending on the seriousness of the case, take measures such as warning, informed criticism in the industry, public condemnation, suspension of accepting fund filing and cancellation of membership. For senior managers and other employees, measures such as warning, informed criticism in the industry, public condemnation and disqualification shall be taken. , and recorded in the credit file. If the circumstances are serious, it shall be handed over to the China Securities Regulatory Commission for handling:

(1) Violating the Securities Investment Fund Law and these Measures.

(2) Providing false materials and information or concealing important facts in the submission of information such as the registration of private fund managers and the filing of funds;

(3) Other circumstances stipulated by laws and regulations, China Securities Regulatory Commission and fund industry associations.

Thirty-first private fund managers fail to fill in business data or update information in time according to the regulations, and the fund industry association shall order them to make corrections; If the business data is not truthfully reported within one year and the information is not updated on time for more than two times, the fund industry association may take warning measures against the main responsible personnel and report to the China Securities Regulatory Commission if the circumstances are serious.

Chapter VII Supplementary Provisions

Article 32 These Measures shall come into force on February 7, 20 14, and the fund industry association shall be responsible for the interpretation.