The third party is not the fund company itself (direct sales), nor other financial institutions (securities banks are called agent sales), but the company that sells funds. This institution must be approved by the CSRC before it can be sold.
Requirements for an independent fund sales institution to apply for the qualification of fund sales business:
(1) A limited liability company or cooperative enterprise established according to law or other forms conforming to the provisions of the China Securities Regulatory Commission.
(2) Having the name, organization and business scope of the institution that meets the requirements.
(3) Registered capital or investment of more than 20 million yuan must be paid-in monetary capital.
(4) The shareholders of a limited liability company or the partners of a cooperative enterprise comply with the provisions of these Measures.
(5) There are no major changes or litigation, arbitration and other major issues that affect or are affecting the normal operation of the institution.
(6) The senior management personnel have obtained the qualification of fund practice, are familiar with the fund sales business, and have more than 2 years of fund business or more than 5 years of working experience in other financial-related institutions.
(7) No less than 65,438+00 people have obtained the qualification of fund practice.