What are the filing requirements for fund companies?

119th of the month，China Asset Management Association issues disciplinary decision，Notified 6 private equity fund managers suspected of engaging in illegal securities business through online platforms。

According to the association，The managers of private equity institutions who were punished include Shanghai Congniu Financial Information Services Co., Ltd.、Chuangxi Financial Information Services (Shanghai) Co., Ltd.、Beiying Financial Information Services (Shanghai) Co., Ltd.、Zhejiang Laicai Asset Management Co., Ltd.、Guangzhou Hengrui Asset Management Co., Ltd. and Xiamen Tuoduo Asset Management Co., Ltd.。

?The three main processes of private placement filing:

1. Organize basic company information (executive information、Articles of Association、Three certificates)
2. Issue the company’s current capital verification report。
3. Find a designated law firm to prepare a legal opinion。

one、Regarding the cancellation of the registration certificate of private equity fund managers in order to strengthen social supervision of the private equity fund industry，Achieve effective registration of private equity fund managers、dynamic management，From the date of this announcement，The Asset Management Association of China will no longer issue electronic certificates of private equity fund manager registration。The paper private equity fund manager registration certificate previously issued by the China Asset Management Association、The electronic certificate of private equity fund manager registration is no longer used as a supporting document for handling relevant business。

According to the "Interim Measures for the Supervision and Administration of Private Investment Funds" and the "Measures for Registration of Private Investment Fund Managers and Fund Filing Measures"(Trial)》Provisions，The China Asset Management Association publicizes the basic information of private equity fund managers through the association’s website，Complete registration procedures for private equity fund managers。

two、Private equity fund managers shall promptly register private equity funds in accordance with the law，

1. From the date of this announcement，A newly registered private equity fund manager has not registered its first private equity fund product within 6 months from the date of completing the registration procedures.，The Asset Management Association of China will cancel the registration of the private equity fund manager。
2. From the date of this announcement，Private equity fund managers who have been registered for 12 months and have not yet registered their first private equity fund product，Those who have not registered private equity fund products before May 1, 2025，The Asset Management Association of China will cancel the registration of the private equity fund manager。
3. From the date of this announcement，Private equity fund managers who have been registered for less than 12 months and have not yet registered their first private equity fund product，Those who have not registered private equity fund products before August 1, 2025，The Asset Management Association of China will cancel the registration of the private equity fund manager。
4. If a private equity fund manager who has been deregistered due to genuine business needs，Can be pressed

Require

Re-apply for private equity fund manager registration。

consistent with

Require

The applicant organization，The Asset Management Association of China will disclose the basic information of private equity fund managers on its website.，Complete the registration procedures again for the applicant organization。According to relevant regulations of the China Securities Regulatory Commission

Require

，The Association deregistered six private equity fund managers suspected of engaging in illegal securities business through online platforms，Take disciplinary action against Xiamen Guomao Asset Management Co., Ltd., which facilitates illegal securities business activities, suspending registration for 6 months。

The deregistration of private equity fund managers shall be recorded in the industry integrity file，Before the bad records are eliminated，No re-registration allowed。

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