According to the "securities investment fund law", "private investment fund supervision and management Interim Measures" and the central office of the relevant notification requirements, China Securities Investment Fund Industry Association (hereinafter referred to as the China Fund Industry Association) since February 7, 2014 officially launched private equity fund managers, private equity fund registration filing and self-discipline management. Two years, private equity fund registration system has been widely recognized in the industry and society, the rapid development of the fund industry, the initial formation of the disclosure of information as the core, honesty and credit based self regulatory system.
For some time, the problems in the private equity fund industry have attracted much attention from all walks of life and regulatory agencies. The number of private equity fund managers, and numerous dragons and fishes jumbled together some of the abuse uneven in quality, illegal self registration information to increase trust, some institutions for compliance and information consciousness, some institutions even engage in insider trading, public offering, private equity funds in the name of illegal fund-raising and other illegal activities.
From the above problems and two years practice of the registration of private equity fund managers, in order to effectively protect the legitimate rights and interests of investors, to urge the private equity fund managers to fulfill honesty, prudence and diligence of the fiduciary duty, to promote the healthy development of private equity industry norms, we will further standardize the registration of private equity fund managers announcement related matters as follows:
I. registration of private equity fund managers
In view of the private fund registration information sharing mechanism has been basically completed, in order to strengthen social supervision of the private equity industry, realizing the effective and dynamic management of the registration of private equity fund managers, since the date of this announcement, Chinese fund industry association no longer issued by private equity fund management registration of electronic certificate. China fund industry association previously issued paper private equity fund managers registration certificate, private equity fund managers registration of electronic evidence is no longer relevant documents for the relevant business. According to the "Interim Measures" and "private investment fund supervision and management of private equity fund managers and fund registration record (Trial)" the provisions of Chinese through the basic situation of the fund industry association official website publicity Association of private equity fund managers, private equity fund managers to complete registration formalities.
Registration of private equity fund managers in the new situation, Chinese Fund Industry Association website "the private equity fund managers publicity platform (http://gs.amac.org.cn)" real-time basic situation of private equity fund managers and private equity exchange "mobile phone APP client publicity registration shall prevail. The public and investors can inquire about the relevant information through the two official channels.
Two, on strengthening the relevant requirements of information submitted
(a) private equity fund managers should be in accordance with the law for private equity funds in a timely manner
In order to realize the effective supervision of private equity fund managers, private equity fund managers have to supervise registration according to law of the exhibition industry, the timely filing of private equity fund products, Chinese Fund Industry Association for private equity fund managers in accordance with the following requirements timely filing of private equity funds:
1, since the date of this announcement, private equity fund managers new registration formalities within 6 months from the date of filing the first private equity fund products still in the making, China fund industry association will cancel the registration of private equity fund managers.
2, since the date of this announcement, the private equity fund managers have registered over 12 months and not for products first private equity fund, in May 1, 2016 has not yet record private equity fund products, Chinese fund industry association will cancel the registration of private equity fund managers.
3, since the date of this announcement, the registration of private equity fund managers have been dissatisfied with 12 months and not for products first private equity fund, in August 1, 2016 has not yet record private equity fund products, Chinese fund industry association will cancel the registration of private equity fund managers.
The private equity fund manager who has been cancelled registration may apply for registration of the private equity fund manager as required. To meet the requirements of the application institutions, China Fund Industry Association will be publicized on the official website of private equity fund managers in the basic situation, for the application institutions once again go through the registration process.
(two) managers of private equity funds should fulfill their obligations of submitting information in a timely manner
In accordance with the "Interim Measures" and "private investment fund supervision and management of private equity fund managers and fund registration record (Trial)" the provisions of private equity fund managers should be through private fund registration system to fulfill the management of private equity fund managers and Private Equity Fund Quarterly, and major issues of information submitted to the annual update of information submission obligation.
1, since the date of this announcement, in accordance with the "private equity fund managers and fund registration record (Trial)" and the relevant provisions of the Chinese fund industry association, registered private equity fund managers fails to perform quarterly and major issues annual information submitted to update the obligation, the private equity fund managers completed the corresponding rectification requirements before China fund industry association will suspend the acceptance of the agency's private equity fund products to apply for the record.
2, private equity fund managers fails to perform the quarter, and the major issues of information submitted to the annual update obligations totaled 2 times, China fund industry association will be included in the abnormal list of organizations, and the private equity fund managers publicity platform (http://gs.amac.org.cn) external publicity. Once the private equity fund managers as abnormal institutions publicity, even if the rectification is completed, at least 6 months after the normal institutions to resume publicity.
3, since the date of this announcement, registered private equity fund managers for violation of the "enterprise information publicity Interim Regulations" relevant provisions, was included in the enterprise letter