1. Application conditions for private placement license (conditions for establishment of private placement fund)
1. According to the Securities Investment Fund Law, the fund manager is a legally established company or partnership. A natural person cannot be registered as a private fund manager.
2. The registered capital should be above100000.
3. At least three senior managers have the qualification of private equity fund. Those who meet one of the following conditions can be considered as qualified for private placement: passing the private placement qualification examination organized by the fund industry association; Engaged in investment management related business in the last three years; Other circumstances identified by the fund industry association.
4. The applicant institution has the premises, facilities and basic management system to meet the business needs.
Second, the private fund manager qualification application (private license application) process:
After receiving all the application materials and written commitment from the organization, the association will immediately carry out the registration work. The association can verify the registration application materials provided by private fund managers by interviewing senior managers, on-site inspection, consulting China Securities Regulatory Commission and its dispatched offices and relevant professional associations. In addition to the suspension of registration, if the registration application materials provided by the private equity fund manager are complete, the Association will complete the registration procedures for the private equity fund manager by publicizing the basic information of the private equity fund manager through the website within 20 working days from the date of receiving all the registration materials, and at the same time go through the membership procedures accordingly.
If the filing materials of private equity funds are complete, the Association will publicize the basic information of private equity funds through the website within 20 working days from the date of receiving all the filing materials, and complete the filing procedures of private equity funds.
Custody outsourcing of private equity funds refers to asset custody, clearing and settlement, net worth calculation, investment monitoring, custody report and other services. If the performance is excellent, you can also rank in the private placement ranking of the private placement network.