Fund contract refers to the contract or agreement formed by fund parties with equal status in fund activities to standardize their rights and obligations. Fund contract is one of the legal sources of securities investment fund law. It is a written document made by fund managers, fund custodians and fund sponsors to clarify the rights and obligations of all parties to the fund for the establishment of investment funds. When the investor pays the subscription fee for the fund share, it indicates that he recognizes and accepts the fund contract, and the fund contract is established at this time.
The fund contract is a standard contract, and its terms are drawn up by the fund manager and the fund custodian and submitted to the the State Council securities regulatory authority for approval, without consultation with the fund share purchaser.
The main contents of the fund contract shall at least include:
(1) Rights and obligations of fund share holders, fund managers and fund custodians.
(2) Procedures and rules for convening, deliberating and voting at the fund share holders' meeting;
(three) the reasons and procedures for the dissolution and termination of the fund contract;
(4) dispute settlement methods;
(5) The place where the fund contract is stored and the way in which the investor obtains the fund contract.
This is also the content that the fund contract summary must have. The summary of fund contract is the programmatic content of fund contract.