Special account wealth management products are private placement products issued by fund companies, with no more than 200 purchasers. Its daily supervision is carried out by the company's compliance department, and the administrative supervision is still. Special fund account financing refers to the activities of fund management companies to raise funds from specific customers or accept property entrusted by specific customers as asset managers and commercial banks as asset custodians. For the benefit of the asset trustor, the entrusted property is used for securities investment. In a sense, the operation mode of special account financing is similar to that of private equity funds, which is aimed at the public offering of funds.
Two. Who will supervise the products funded by the special account?
Special account wealth management products are private placement products issued by fund companies, with no more than 200 purchasers. Its daily supervision is carried out by the company's compliance department, and the administrative supervision is still.
Special fund account financing refers to the activities of fund management companies to raise funds from specific customers or accept property entrusted by specific customers as asset managers and commercial banks as asset custodians. For the benefit of the asset trustor, the entrusted property is used for securities investment. In a sense, the operation mode of special account financing is similar to that of private equity funds, which is aimed at the public offering of funds.
3. Who will supervise the fund?
Legal Analysis: The regulatory agency of China's funds is the State Council Securities Regulatory Agency. In order to better regulate and supervise fund management companies, regulators have issued many laws and regulations. At the same time, with the promulgation and implementation of the new Securities Law and Fund Law, the legitimate rights and interests of ordinary investors are fully guaranteed. At the same time, the regulatory authorities also have strict requirements for employees in the fund industry. Relevant personnel must hold relevant certificates, and the appointment of senior executives also needs to be reviewed and approved by the regulatory authorities. Therefore, the management of fund, a new financial industry, is very strict.
Legal basis: Interim Measures for the Supervision and Administration of Private Equity Funds in People's Republic of China (PRC) Article 5 China and its dispatched offices shall supervise and administer the business activities of private equity funds in accordance with the Securities Investment Fund Law, these Measures and other relevant provisions of China.