Legal basis: Article 31 of the Interim Measures for the Supervision and Administration of Private Equity Funds. The China Securities Regulatory Commission and its dispatched offices shall conduct statistical monitoring and inspection on private equity service institutions such as private equity fund managers, private equity fund custodians and private equity fund sales institutions according to law, and take relevant measures according to the provisions of Article 114 of the Securities Investment Fund Law.
"People's Republic of China (PRC) Securities Investment Fund Law" Article 114 * * * the State Council Securities Regulatory Authority has the right to take the following measures when performing its duties according to law:
(1) Conducting on-site inspections on fund managers, fund custodians and fund service institutions, and requiring them to submit relevant business materials;
(two) to enter the place where the suspected illegal act occurred to investigate and collect evidence;
(3) Asking the parties, units and individuals related to the investigated events and asking them to explain the matters related to the investigated events;
(four) to consult and copy the information such as property registration and communication records related to the incident under investigation;
(five) to consult and copy the securities trading records, registration and transfer records, financial and accounting materials and other relevant documents and materials of the parties and the units and individuals related to the investigated events; Documents and materials that may be transferred, concealed or damaged may be sealed up;
(6) Inquiring about the capital accounts, securities accounts and bank accounts of the parties and the units and individuals related to the investigated events; If there is evidence that illegal funds, securities and other property involved have been or may be transferred or concealed, or important evidence has been concealed, forged or destroyed, it may be frozen and sealed up with the approval of the principal responsible person of the securities regulatory agency in the State Council;
(7) When investigating major securities violations such as manipulation of the securities market and insider trading, with the approval of the principal person in charge of the the State Council securities regulatory agency, the parties involved in the investigated event may be restricted from buying and selling securities, but the restriction period shall not exceed fifteen trading days; If the case is complicated, it may be extended for fifteen trading days.