1, nature of private equity fund registration
Private fund manager registration and private fund filing are not administrative licensing matters. According to the Securities Investment Fund Law, the Notice of the Central Committee on the Division of Responsibilities for Private Equity Fund Management, the authorization of the China Securities Regulatory Commission and the relevant provisions of the Measures for the Registration and Filing of Private Equity Fund Managers (Trial), the fund industry association is responsible for the registration and filing of private equity funds and performs the self-discipline function of the industry. The self-discipline management of private equity funds takes information disclosure as the core and honesty and trustworthiness as the basis. The private fund manager promises to bear legal responsibility for the authenticity, accuracy and completeness of the information provided. The fund industry association does not conduct substantive pre-examination on the registration and filing information provided by private fund managers. Investors should carefully judge and identify risks when investing in private equity funds.
2. Registration of private fund managers
①
Private fund managers shall go through the registration procedures for fund managers with the fund industry association and apply to become members of the fund industry association.
②
When applying for registration, a private equity fund manager shall truthfully fill in the basic information of the fund manager, senior managers and other employees, shareholders or partners and managed funds through the private equity fund registration and filing system.
③
If the filing materials of private equity funds are incomplete or inconsistent with the provisions, the private equity fund manager shall make timely corrections according to the requirements of the fund industry association.
During the application for registration, if the registered items change significantly, the private equity fund manager shall promptly inform the fund industry association and change the registration application.
④
Fund industry associations can check 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.