Guangdong Securities Regulatory Commission Reminded Private Equity Funds To Register

< p > recently, the Guangdong Securities Regulatory Commission urges the securities business institutions in the area to publicize the regulatory policy requirements to the majority of private equity investment funds, and expand the publicity through various channels such as the relevant local industry associations, Guangdong capital market network, mobile phone short message platform, etc., to remind and guide all kinds of private investment funds in the area to take the initiative in adapting to the regulatory policy changes, and do a good job in the registration and filing work according to the requirements of the China Securities Investment Fund Association.

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< p > according to the relevant provisions of the newly revised Securities Investment Fund Law, all the < a href= "http://www.91se91.com/news/index_c.asp" > private equity securities < /a > the investment fund management person shall register with the Chinese securities investment fund industry association and submit the basic information; after the completion of the collection of the private equity fund, they shall fulfill the filing procedures.

Private equity investment funds (including venture capital funds) are incorporated into the China Securities Regulatory Commission [micro-blog] supervision. According to the principle of "unification and fairness", all kinds of private investment fund managers and private equity funds should be registered with the Fund Association.

Otherwise, they can not engage in private equity fund management business.

The law has imposed punishments on private equity fund managers who have not registered and private equity funds have not been filed.

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< p > in order to implement the relevant provisions of < a href= "http://www.91se91.com/news/index_c.asp > > Securities Investment Fund Law < /a >, the China Securities Investment Fund Industry Association issued the private investment fund manager registration and fund filing method in January 17, 2014 (for Trial Implementation), stipulates the registration of various types of private investment fund managers and the filing of private equity funds, and the registered private equity fund managers can issue products directly without using trust and other channels.

The established private equity fund manager shall complete the registration formalities before the end of April through the "private equity fund registration and registration system" of the Fund Industry Association website.

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< p > recently, China futures margin < a href= "http://www.91se91.com/news/index_c.asp" > monitoring center < /a > specially revised and issued the "special unit customer unified account opening business operation guidelines", increased the private investment fund managers as special unit customers, applied for opening the paction code and other related contents; made sure that the private investment fund managers registered in the China Securities Investment Fund Association can open accounts for their managed private funds in the futures market.

China securities registration Clearing Corp also issued the notice on issues related to the opening and settlement of private investment funds, making it clear that the private equity fund registered by the fund association can open securities accounts directly in the name of products.

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< p > the SFC has made a series of initiatives to promote the standardized development of private investment funds, breaking the passageway restriction of private sector products, reducing the operating costs of private equity fund managers, enhancing the market credibility of private investment fund managers, and creating a historic opportunity and broad development space for the development of private investment funds.

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< p > Guangdong Securities Regulatory Bureau reminds the various types of private equity investment funds to seize the time. In the end of April, they will do the registration work according to the relevant regulations and procedures of the fund industry association, and take this opportunity to focus on improving the compliance risk control mechanism, focus on improving investment management capabilities, and promote the healthy development of the private sector fund industry in the area.

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