The importance of fund sales license|Fund sales license application conditions

The importance of fund sales license|Fund sales license

Application conditions

The importance of fund sales license|Fund sales license

Application conditions

In the fund industry，The main licenses that require regulatory approval include:：Fund manager license (including public offering and private offering)、Fund payment license、Fund sales license, etc.。

Obtained a public fund manager license，It means that securities investment funds can be established and sold through public offerings.；The fund payment license means that it can only provide payment and settlement services for fund sales.；To sell funds，The only channel is to obtain a fund sales license。So what is a fund sales license? What does it mean to have a fund sales license? Which institutions can obtain independent fund sales licenses?

A fund sales license is issued by the China Securities Regulatory Commission，Financial license required to engage in securities investment fund sales。Securities investment fund sales include fund sales agencies’ promotion of funds，Offering fund shares，Handle fund share subscription、Redemption and other activities。previously，Domestic fund sales institutions mainly include banks、fund、Securities and other financial institutions。

2012Year，The central bank begins to open fund license applications to third-party financial institutions，That is to say，except bank、Funds and Securities，Third-party financial management companies originally engaged in the sale of private equity or trust products can also engage in the sale of securities investment funds.。different from banks、fund、Fund sales licenses of securities and other financial institutions，The license issued to a third-party institution is also called an "independent third-party fund sales license"。

2025Year，China Securities Regulatory Commission on securities、fund、Futures business licenses were integrated，Submit the "Securities Business License"、"Special Client Asset Management Business Qualification Certificate"、Ten licenses including the "Fund Sales Business Qualification Certificate" are unified into the "Securities and Futures Business License"。at present，There are 377 fund sales institutions published on the website of the Asset Management Association of China，Among them, there are 109 independent fund sales agencies.。

So，How to apply for a fund sales license?

Approval authority Commercial banks (including foreign-funded corporate banks in China，Same below)、Securities company、Futures Company、BX agency、Securities investment consulting agency、Independent fund sales institutions and other institutions recognized by the China Securities Regulatory Commission are engaged in fund sales business，You should register with the China Securities Regulatory Commission dispatched office in the place of industrial and commercial registration and obtain the corresponding qualifications. Legal basis: "Measures for the Administration of Sales of Securities Investment Funds"

Application conditions

commercial bank、Securities company、Futures Company、BX agency、Securities investment consulting agency、Independent fund sales institutions and other institutions recognized by the China Securities Regulatory Commission apply for registration of fund sales business qualifications，The following conditions should be met：

1. Have a sound governance structure、Complete internal control and risk management system，and be effectively implemented；
2. Financial condition is good，Standard and stable operation；
3. Have business premises suitable for fund sales business、Security precautions and other facilities；
4. There is safety、Efficiently handle fund offerings、Technical facilities for subscription and redemption operations，And it complies with the relevant regulations of the China Securities Regulatory Commission on the fund sales business information management platform.

Require

，The technical system of the fund sales business has been integrated with the fund manager、The corresponding technical systems of China Securities Depository and Clearing Corporation have been tested online.，The test results comply with national standards；(5) Establishing a complete fund settlement process，Fund management complies with the China Securities Regulatory Commission’s regulations on fund sales and settlement fund management.

Require

；

1. There is a method system for evaluating the risk tolerance of fund investors and the risk level of fund products.；
2. Developed a sound business process、Sales Personnel Professional Conduct、Emergency response measures and other fund sales business management systems，Comply with the relevant requirements of the China Securities Regulatory Commission on internal control of fund sales institutions

Require

；(8) Compliance with laws and regulations

Require

Anti-XQ internal control system；(9) Other conditions stipulated by the China Securities Regulatory Commission。

Registered capital

Require

Registered capital or capital contribution shall not be less than RMB 20 million，and must be paid-in monetary capital

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