Legal basis: Securities Investment Fund Law
Article 103 The data registered by the fund share registration institution through electronic media is the basis for the ownership of the rights of fund share holders. Where the fund share holder pledges the fund share, the pledge right shall be established when the fund share registration institution handles the pledge registration. The fund share registration institution shall properly keep the registration materials, and back up the names, identity information, fund share details and other materials of the fund share holders to the institutions recognized by the the State Council Securities Regulatory Authority. From the date of closing the fund account, the retention period shall not be less than 20 years. The fund share registration institution shall ensure the truthfulness, accuracy and completeness of the registration materials, and shall not conceal, forge, tamper with or damage them.
Article 145 If a fund service institution fails to establish an emergency risk management system and a disaster backup system, or discloses non-public information related to fund share holders and fund investment operation, it shall be fined100000 yuan but not more than 300000 yuan; If the circumstances are serious, it shall be ordered to stop the fund service business. Give a warning to the directly responsible person in charge and other directly responsible personnel, revoke the qualification of fund practice, and impose a fine of more than 30,000 yuan10,000 yuan.