Article 5 The account holder shall open, change and cancel the sales account in accordance with the relevant provisions of the RMB bank settlement account supervision department and the China Securities Regulatory Commission.
Sales accounts are uniformly opened, changed and cancelled by the account issuer's headquarters.
Article 6 The sales accounts opened by fund sales institutions can be divided into the head office fund sales settlement fund collection account (hereinafter referred to as the general sales collection account) and the branch fund sales settlement fund collection account (hereinafter referred to as the sales collection sub-account).
The general account of sales collection refers to the sales account used by the fund sales institution in the name of the headquarters to collect the fund sales settlement funds and make the fund settlement with the fund registration institution.
The sub-account of sales collection refers to the sales account used by the fund sales organization in the name of the branch to transfer the fund sales settlement funds to the main account of sales collection.
A fund sales institution may open multiple sales collection main accounts and sales collection sub-accounts.
Internal accounts opened by commercial banks for collecting and transferring funds for sales settlement can be regarded as sales collection main account and sales collection sub-account.
Article 7 The sales accounts opened by fund sales payment and settlement institutions can be divided into general collection accounts and sub-collection accounts.
The general account of collection refers to the sales account opened by the fund sales, payment and settlement institutions in the regulatory agencies, and the fund sales institutions settle the funds.
The collection sub-account refers to the sales account opened by the fund sales payment settlement institution for collecting and transferring the fund sales settlement funds.
The fund sales payment settlement institution can only open one general account for collection. Fund sales and payment settlement institutions can open payment collection sub-accounts in several commercial banks, but only one payment collection sub-account can be opened in each commercial bank.
Article 8 Sales accounts opened by fund registration institutions can be divided into registration accounts and subscription and capital verification accounts.
Registered account refers to the sales account used by the fund registration institution to settle the fund sales settlement funds.
The raising capital verification account refers to the sales account used by the fund registration institution to temporarily store subscription funds.
A fund registration institution can open multiple registered accounts. During the same fundraising period, the fund registration institution shall use different fundraising and capital verification accounts for subscription funds of different funds.
Where a fund registration institution opens an account for capital verification by offering, it shall agree with the regulatory agency on the handling of the account after the completion of capital verification by offering.
Article 9 The account holder shall, within 5 working days from the date of opening the sales account, report the relevant regulatory agreement and account information to the China Securities Regulatory Commission and the local dispatched office of the account holder for the record. If the China Securities Regulatory Commission or the local dispatched office of the account holder issues a no-objection reply within 15 working days, the account holder can activate the sales account.
Article 10 The account holder shall, within 5 working days from the date of the change of the basic information of the sales account, report the change of the account to the China Securities Regulatory Commission and the local dispatched office of the account holder for the record.
Article 11 When canceling the sales account, the account holder shall apply to the regulatory authority to transfer the funds in the sales account to other sales accounts or return them to the fund investors.
The account holder shall, within 5 working days from the date of cancellation of the sales account, report the cancellation to the China Securities Regulatory Commission and the local dispatched office of the account holder for the record.
Article 12 A fund sales payment settlement institution may set up a reserve account for fund investors or fund sales institutions in the collection and payment account. The fund sales payment and settlement institution shall record the details of the funds in the reserve account.
The reserve account can be regarded as the settlement account of fund investors. Reserve accounts can only be associated with bank settlement accounts of fund investors or fund sales institutions.
If a fund investor submits a subscription application and the fund sales payment and settlement institution successfully deducts the funds retained in the reserve account, the subscription (subscription) application of the fund investor is valid.