Private equity fund regulators and legal private equity funds are divided into equity investment funds and securities investment funds. According to the Notice on the Division of Management Responsibilities of Private Equity Funds (2065438+June 2003) issued by the Office of the Central Organization Establishment Committee, the regulatory agency of these two types of private equity funds is China Securities Regulatory Commission. Prior to this, the registration management of private equity investment funds was centralized by the National Development and Reform Commission, and the supervision system was not perfect during the management of the Development and Reform Commission. According to the Securities Investment Fund Law and the authorization of China Securities Regulatory Commission, China Asset Management Association has formulated the Measures for the Registration and Filing of Private Equity Fund Managers (Trial), which is the most direct legal norm for private equity funds at present.