Article 17 After receiving the transfer instruction of fund sales settlement funds initiated by the account issuer, the regulatory agency shall ensure that the collection account is an account filed with the regulatory agency. The transfer time of fund sales settlement funds shall follow the provisions of the Transfer Process of Fund Sales Settlement Funds.
A fund sales institution may not use the sales collection sub-account to make fund sales settlement fund delivery to the fund registration institution.
Except for the mutual transfer between the reserve accounts of fund investors and the reserve accounts of fund sales institutions, the reserve accounts shall not be transferred to each other.
Article 18 If a fund investor fails to purchase (subscribe) or redeem the fund or the fund allocated by the fund, it shall be returned to the settlement account of the fund investor.
Where the settlement account of a fund investor is changed, the fund investor shall apply to the fund sales institution or the fund sales payment settlement institution. Fund sales institutions and fund sales payment and settlement institutions shall, after changing the settlement accounts of fund investors, file with the regulatory authorities.
If the fund investor's settlement account is changed and no application is made to the fund sales organization or the fund sales payment settlement institution, resulting in the failure to return the funds to the fund investor, the fund sales organization and the fund sales payment settlement institution shall deposit the funds into the general account of sales receipt and the general account of payment receipt respectively, and record the details.
Article 19 If an account holder participates in fund subscription and redemption with his own funds, he shall choose other fund sales institutions to handle it.
Article 20 An account holder may not provide financing or guarantee for others with the fund sales settlement funds in the sales account.
Article 21 Where an account holder opens a reserve account for a fund investor, he shall pay interest on the reserve account to the fund investor on a quarterly basis, and the interest rate shall not be lower than the deposit interest rate.
Article 22 After receiving the transfer instruction of fund sales settlement funds initiated by the account issuer, the regulatory agency shall check the instruction in detail or in whole.
If the regulatory agency finds that the transfer instruction of fund sales settlement funds does not meet the requirements of these Provisions or the stipulations of the regulatory agreement, it shall not be implemented, and shall report to the China Securities Regulatory Commission and the local dispatched office of the account holder.
The supervision institution shall supervise the possible balance of the sales account, the balance of the reserve account, the use of funds and the collection of sales-related expenses.
Article 23 If the account holder directly deducts the sales-related expenses from the sales account, it shall provide the regulatory agency with the supporting documents of the fee collection and the basic information transferred to the account.
Twenty-fourth supervision institutions should strictly abide by the confidentiality provisions. Except under the circumstances stipulated by laws and regulations, the department performing regulatory duties shall not disclose the information of account holders or fund investors to other departments, institutions or individuals.