Provisions on the Administration of Inspector General of Securities Investment Fund Management Companies
Article 27
When selecting an inspector general, the board of directors shall conduct due diligence on the candidates, fully understand their work background, law-abiding, integrity records, professional qualifications, professional quality and working ability, and ensure that they meet the specified post requirements.
The company shall provide all directors with the detailed information of the candidate for inspector general before the board meeting, so as to ensure that the directors have sufficient understanding of the candidate when voting.
Article 30
The board of directors shall establish and improve the system of inspector general. The board of directors shall take the compliance operation and internal risk control of funds and companies as the main criteria for the assessment of the inspector general.
The remuneration of the inspector general is determined by the board of directors, and the assessment results serve as the basis for the board of directors to determine the remuneration and other incentives of the inspector general. If the inspector general thinks that the evaluation result is obviously unfair, he may make representations to the China Securities Regulatory Commission and relevant agencies.
Article 37
China Securities Regulatory Commission organizes inspectors from time to time to conduct training and examinations on relevant laws, regulations and business knowledge, and records the training and examination results in the supervision files of the company and the inspectors.
If the inspector general fails to pass the examination twice in a row, the China Securities Regulatory Commission may suggest that the board of directors of the company remove him from his post.
Article 38
China Securities Regulatory Commission and relevant institutions pay attention to the performance of the inspector general.
The China Securities Regulatory Commission will, depending on the circumstances, take administrative supervision measures such as supervision talk, recording in the integrity file, issuing a warning letter, suspending his post, and determining that he is not suitable for the relevant post, for the inspector general's professional quality is low, he is not qualified for the duties of the inspector general, or he loses his independence by taking orders from shareholders or directors and directly reporting his work to shareholders in violation of the company's prescribed procedures.
Article 39
If the inspector general violates the relevant laws and regulations and the provisions of the China Securities Regulatory Commission, the China Securities Regulatory Commission shall give administrative punishment or take corresponding administrative supervision measures according to law.