Registration and filing of private equity funds

Registration and filing of private equity funds Hong Kong Information Communication-： If registration and filing are the prior supervision of private equity funds,，Then information disclosure is one of the main measures for post-event supervision.。Failure to perform information disclosure obligations in accordance with prescribed procedures and methods，Private equity fund managers risk penalties。The persons obligated to disclose information are as follows:、scope、

Require

and prohibited behaviors, etc.，For readers’ reference。

one、Information disclosure obligor registration and filing private equity fund Hong Kong Information Communication-： Information disclosure obligor，Refers to private equity fund managers、Private equity fund custodian，and legal entities and other organizations with prescribed information disclosure obligations.。When there are multiple information disclosure obligors for the same private equity fund，Matters related to information disclosure and responsibilities and obligations should be stipulated in relevant agreements.。

The information disclosure obligor entrusts a third-party agency to disclose information on its behalf，Information disclosure obligors shall not be exempted from their statutory information disclosure obligations.。

two、Scope of information disclosure Hong Kong Information Communication-： The information that information disclosure obligors should disclose to investors includes： (1)fund contract；(2)Recruitment brochures and other promotional documents；(3)Main rights and obligations in the fund sales agreement(If any)；(4)Fund investment status；(5)Fund’s assets and liabilities；(6)Fund’s investment income distribution；(7)borne by the fund

cost

and performance compensation arrangements；(8)Possible conflicts of interest；(9)Involving private equity fund management business、Fund property、Major litigation in fund custody business、arbitration；(10)Other important information。

Private equity funds are managed，Private equity fund custodians shall comply with relevant regulations and fund contract provisions.，Fund net asset value prepared by private equity fund managers、Net value of fund shares、Subscription and redemption price of fund shares、Review and confirm fund-related information disclosed to investors such as fund periodic reports and regularly updated prospectuses.。

three、Information disclosure management system Information disclosure obligors should establish and improve information disclosure management system，Designate a dedicated person to be responsible for managing information disclosure matters，and press

Require

Upload information disclosure-related system documents in the private equity fund registration and filing system。

The information disclosure management system should at least include the following matters:： (1)The content of information disclosed by the information disclosure obligor to investors、Disclosure frequency、Disclosure method、Disclosure responsibilities and information disclosure channels, etc.；(2)Information disclosure related documents、File management of data；(3)Information Disclosure Management Department、process、channel、Emergency plans and responsibilities；(4)Accountability mechanism for failure to disclose information as required，Measures to be taken against those who violate the regulations。

Four、Information disclosure during fund raising period Private equity fund raising period，The following information should be disclosed to investors in promotional materials:： *，Basic information about the fund：Fund name、Fund structure(Is it a parent-child fund?、Are there parallel funds?)、Fund type、Fund registration place(If any)、Fund raising scale、*Amount of capital subscribed、How the fund operates(closed、Open or otherwise)、The duration of the fund、Fund contact and contact information、Fund custodian(If any)； second，Fund manager basic information：Fund manager name、Place of registration/main business address、Establishment time、organizational form、Registration status of fund managers with the Asset Management Association； third，Fund investment information：Fund’s investment objectives、investment strategy、Investment direction、performance comparison benchmark(If any)、Risk-return characteristics, etc.； fourth，Fund raising period：The fund’s first round of delivery date and *delivery date matters should be stated(If any)； fifth，Fund Valuation Policy、Program and Pricing Model；

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