Guangdong Securities Regulatory Bureau Reminds Private Funds To Speed Up Registration And Filing

Recently, Guangdong Securities Regulatory Bureau urged the securities operating institutions under its jurisdiction to publicize the relevant regulatory policy requirements to the vast number of private investment funds, and expanded the publicity through various channels and forms such as relevant local industry associations, Guangdong Capital Market Network, mobile phone SMS platform, to remind and guide all types of private investment funds under its jurisdiction to actively adapt to regulatory policy changes, In accordance with the requirements of the China Securities Investment Fund Industry Association, we will do a good job of registration and filing.

In accordance with the relevant provisions of the newly revised Securities Investment Fund Law Private securities The investment fund managers shall go through the registration procedures and submit the basic information to the China Securities Investment Fund Association; After the private placement fund is raised, it shall go through the filing procedures. After the private equity investment funds (including venture capital funds) are under the supervision of the China Securities Regulatory Commission [Weibo], according to the principle of "unification and fairness", various private investment fund managers and private funds should register with the Fund Industry Association for filing. Otherwise, they shall not engage in private investment fund management business. The law has made punitive provisions on the failure of private investment fund managers to register and private funds to file.

To implement《 Securities Investment Fund Law 》On January 17, 2014, the China Securities Investment Fund Association issued the Measures for Registration of Private Investment Fund Managers and Fund Filing (Trial), which stipulates the registration of various private investment fund managers and the filing of private funds. Registered private investment fund managers can directly issue products without resorting to trust and other channels. The established private investment fund managers shall complete the registration and filing procedures through the "Private Fund Registration and Filing System" on the website of the Fund Industry Association before the end of April.

Recently, China's futures margin monitoring center The Operation Guidelines for the Unified Account Opening Business of Special Unit Customers was specially revised and issued, adding that the private investment fund manager, as a special unit customer, applied for opening a transaction code and other relevant contents; It is specified that private investment fund managers registered with the China Securities Investment Fund Association can open accounts in the futures market for private funds under their management. The China Securities Depository and Clearing Corporation also issued the Notice on Issues Related to the Opening and Settlement of Private Investment Funds, which clarifies that private funds registered in the fund industry association can directly open securities accounts in the name of products.

A series of measures taken by the CSRC to promote the standardized development of private investment funds, break the channel restrictions on the issuance of products in the private equity industry, help reduce the operating costs of private investment fund managers, improve the market credibility of private investment fund managers, and create historic opportunities and broad development space for the development of private investment funds.

Guangdong Securities Regulatory Bureau reminded various private investment fund entities in the jurisdiction to seize the time to complete the registration and filing work according to the relevant provisions and procedures of the Fund Industry Association before the end of April, and took this opportunity to improve the compliance risk control mechanism, focus on improving the investment management ability, and promote the standardized and healthy development of the private investment fund industry in the jurisdiction.