(1) Application for raising funds
The main documents to be submitted when applying for raising funds include: fund application report, draft fund contract, draft fund custody agreement, draft prospectus, etc.
(2) Approve the application for raising funds.
The state securities regulatory body shall make a decision of approval or disapproval within 6 months from the date of accepting the application for fund raising.
(3) Sales of fund shares
The fund manager shall sell the fund shares within 6 months from the date of receiving the approval documents. The raising period of the Fund shall be calculated from the date of sale of fund shares, and the raising period shall not exceed 3 months.
(4) The fund contract takes effect.
1. When the fund raising period expires, the total share of closed-end funds reaches more than 80% of the approved scale; There are more than 200 fund share holders; An open-end fund shall meet the requirements of raising no less than 200 million shares, raising no less than 200 million yuan and holding no less than 200 fund shares.
The fund manager shall employ a statutory capital verification institution to conduct capital verification within 10 days from the expiration of the raising period. Within 65,438+00 days from the date of receiving the capital verification report, submit the filing application and capital verification report to the the State Council securities regulatory authority, and handle the fund filing procedures.
China Securities Regulatory Commission shall give written confirmation within 3 working days from the date of receiving the capital verification report and filing application; From the date of confirmation, the fund contract will take effect after the filing procedures are completed. The day after the Fund receives the confirmation document, it will announce the effectiveness of the fund contract.
If the fund raising fails, the fund manager shall bear the following responsibilities:
(1) Inherent property bears the debts and expenses arising from this issuance;
(2) Return the money paid by investors within 30 days after the expiration of the fund raising period, and add the interest of bank deposits in the same period.