Is it really that difficult to apply for registration for a private equity fund?

Is it really so difficult to apply for registration of a private equity fund? How to apply for registration of a private equity fund? Is it really so difficult to apply for private equity fund registration in Shenzhen? It’s really that difficult to apply for private equity fund registration，Especially now the new private equity fund registration application

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After coming out，It’s even more difficult。Many people think that as long as they comply with this

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，Just submit it directly。Then someone like this must be a novice who doesn’t understand anything.，Just live in your own fantasy world。

In actual private equity fund filing applications, even if your own hardware meets the standards，For business address，These legal opinions are not enough，It will still be returned。 There are also many common problems in the actual application process for private equity fund registration.。 1、What is the nature of private equity fund registration? answer：Registration of private equity investment fund managers and filing of private equity funds are not administrative licensing matters。

According to the Securities Investment Fund Law、"Notice of the Central Organization Office on the Division of Responsibilities for Private Equity Fund Management"、Authorization from the China Securities Regulatory Commission and relevant provisions of the "Measures for Registration of Private Investment Fund Managers and Fund Filing (Trial)" (hereinafter referred to as the "Measures")，The Asset Management Association is responsible for the registration of private investment fund managers and the filing of private equity funds.，and perform industry self-regulatory functions。Self-regulatory management of private equity funds centers on information disclosure，Based on honesty and trustworthiness。

Private equity fund managers promise to ensure the authenticity of the information provided、Legal responsibility for accuracy and completeness。The Asset Management Association does not conduct substantive prior review of the registration and filing information provided by private investment fund managers.。Investors must make careful judgments and identify risks when investing in private equity funds。

2、Scope of registration and filing of private equity funds Answer：Private Securities Investment Fund、private equity investment funds、Venture capital funds and other managers shall complete the private equity investment fund manager registration procedures with the Asset Management Association，Private equity funds under management must complete fund filing procedures。 3、How long does it take to get the registration approved? Answer：After collecting the application materials and written commitment letters from the organization, the association，Start registration immediately。

Associations may take interviews with senior managers、On-site inspection、Report to the China Securities Regulatory Commission and its dispatched offices、Relevant professional associations solicit opinions and other methods to verify the registration application materials provided by private equity investment fund managers.。

Except for cases where registration is suspended，The registration application materials provided by the private equity investment fund manager are complete，Within 20 working days from the date the association receives all registration materials，Disclose the basic information of private equity investment fund managers through the website，Complete registration procedures for private equity investment fund managers，At the same time, go through the membership enrollment procedures accordingly.。

Private equity funds with complete registration materials，Within 20 working days from the date the association receives all the filing materials，Disclose the basic information of private equity funds through the website，Complete registration procedures for private equity funds。 4、Is the registration information made public? The association will publicize private equity investment fund managers on its official website、Basic information about private equity funds and private equity fund practitioners，and accept social supervision。

All public information is provided by registered private equity investment fund managers，The administrator commits to the authenticity of the information provided、Legal responsibility for accuracy and completeness。

Fund manager announcement：Include the name of the fund manager、Registered address、Establishment time、Registration time、registration number、Nature of business、Registered capital/subscribed capital、Name and work history of the legal representative/executive partner (appointed representative)、Names of other senior executives、Number of qualified employees、Basic information such as the institution’s website address。

Private equity fund announcement：Include private equity fund names、Fund code、Currency、Establishment time、Filing time、Fund type、operating status、Fund manager name、management type、Custodian name、Basic information such as main investment areas。 Announcement to employees：Include the name of the practitioner、Professional qualification certificate number、Basic information such as registration change records。

5、Recognition standards and registration procedures for professional qualifications Answer：Fund practitioners should have fund practitioner qualifications，obey the law、Administrative regulations，Abide by professional ethics and codes of conduct。According to the "Measures"，Currently, there are two forms of qualification certification for private equity funds:，Pass the private equity fund practitioner qualification examination or engage in investment management-related business in the past three years。at present，The identification of professional qualifications is mainly based on engaging in investment management-related business in the past three years.。

The association will improve the professional qualification management system as soon as possible。 Private investment fund managers shall confirm in advance that the employee registration information submitted by the institution meets the identification conditions stipulated in the Measures，and assume responsibility for verification。The Association will further verify。If it is found that there are false records in the registration information、Misleading statements or material omissions，The association will take corresponding self-disciplinary measures against private equity investment fund managers。Suspected of violating laws and regulations，Will be transferred to China Securities Regulatory Commission for processing。

6、Private equity fund managers register company names、What is the business scope?

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? Does the name have to contain words related to "private placement"? answer：According to the "Guidelines for Legal Opinions on Registration of Private Equity Fund Managers"、"Answers to Questions and Answers on Registration and Filing of Private Equity Investment Funds (7)"，The name and business scope of a private equity fund manager should include “fund management”、"Investment Management"、"asset Management"、"Equity Investment"、"Venture investment" and other related words。

also，From the perspective of professional operation and prevention of conflicts of interest，Private equity fund managers are not allowed to concurrently engage in businesses that may conflict with private equity funds、Sell-side business and other non-financial businesses not related to the buy-side “investment management” business。 According to the "Announcement on Further Regulating Certain Matters concerning the Registration of Private Equity Fund Managers"，The Association encourages private equity fund managers to add “private equity” related words to their names，But it is not mandatory for now

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。

These are some key points you need to understand before applying。Many people want to apply directly without understanding it.，This is nothing more than a fool's dream。Then comes the legal opinion piece.，Many companies pursue low costs，Then I found some personal lawyers or law firms.，In the end, the application was unsuccessful。You may also be permanently blacklisted，From now on, you can no longer apply for a private equity fund license.。This is a bit worth the loss.。

In short, the registration application for private equity funds is not as easy as imagined.，It doesn’t mean that just because you think you’re familiar with certain teachers, you can’t act in accordance with the rules and regulations.。The above are the difficulties in filing private equity funds.，Hope it helps everyone。

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