SFC Notified Violations Of Assets Management Business Penalties

China Securities Regulatory Commission spokesman Deng Ge reported on 29 days that some securities companies and fund subsidiaries violating asset management business and punishing them.

　　 Deng Ge The securities and Futures Commission recently organized the relevant securities regulatory commission and the China Securities Investment Fund Association to conduct a special on-site inspection of the assets management business of 6 securities companies and 8 gold based subsidiaries.

The inspection found that some companies had problems that they did not have the fund sales qualification agencies to sell asset management products, and violate spanactions between their different asset management products. Some of the company's classified asset management products were also suspected of illegal activities such as profit spanfer and insider trading. These behaviors violate the relevant regulations of asset management business of securities companies and fund subsidiaries, and harm the interests of investors.

　　 Deng Ge 說(shuō)，證監(jiān)會(huì)對(duì)這些違法行為分別作出處理：對(duì)分級(jí)資產(chǎn)管理產(chǎn)品涉嫌利益輸送、內(nèi)幕交易等違法行為的，依法移送證監(jiān)會(huì)稽查部門查處;對(duì)存在委托不具有基金銷售資格機(jī)構(gòu)銷售資產(chǎn)管理產(chǎn)品、進(jìn)行有失公允的關(guān)聯(lián)交易、重要信息未及時(shí)向投資人披露等違規(guī)行為的萬(wàn)家共贏資產(chǎn)管理有限公司、金元百利資產(chǎn)管理有限公司、深圳華宸未來(lái)資產(chǎn)管理有限公司等3家基金子公司采取責(zé)令整改、暫不受理公司業(yè)務(wù)備案的監(jiān)管措施，同時(shí)暫停管理失責(zé)的母公司的業(yè)務(wù)申請(qǐng)，并對(duì)母子公司的相關(guān)責(zé)任人員采取了認(rèn)定不適當(dāng)人選、出示警示函等監(jiān)管措施;對(duì)1家基金子公司及2家證券公司采取責(zé)令整改的監(jiān)管措施;對(duì)1家證券公司資產(chǎn)管理部門多名從業(yè)人員不具備證券執(zhí)業(yè)資格的問(wèn)題，由中國(guó)證券業(yè)協(xié)會(huì)采取責(zé)令改正等自律懲戒措施。

　　 meanwhile For those institutions that have violating the law, the fund association decided to suspend the application for asset management products of 3 gold based subsidiaries and their parent companies, written warnings to 2 securities companies and 3 gold base subsidiaries, and communicated with the 4 companies before making a product record.

Deng Ge said that the SFC will continue to strictly follow the requirements of "deregulation and strengthening supervision" to strengthen the post supervision of assets management business of securities institutions. In particular, in the most dynamic private equity sector, the SFC will accelerate the establishment of a regulatory framework for private equity funds, guide the fund industry association to do a good job in the registration and filing of private equity funds, establish a unified information submission and monitoring mechanism, conduct a problem oriented on-site inspection, establish a coordination mechanism with local governments, and assist local governments in cracking down on all kinds of illegal fund-raising activities in the name of private equity funds.