On 31 March 2017, the Asset Management Association of China (AMAC) issued the Answers to Questions on the Registration and Recordal of Private Funds (13), upgrading the requirements of professional management and marking the end of the private fund “hybrid operation” era. This column analyzes the road to this upgrading, and clarifies the ways in which private fund managers can respond.
Partner
Boss & Young
Article 22 of the Interim Measures for the Regulation of Private Investment Funds, issued by the China Securities Regulatory Commission (CSRC) on 21 August 2014, specifies that if a private fund manager manages different types of private funds, it is required to adhere to the principle of professional management. A manager that manages different private funds that could give rise to a funneling of benefits or a conflict of interests is required to establish a mechanism to prevent the same.
Following the reversion of the oversight of private securities investment funds and private equity investment funds to the CSRC, the measures served as the overarching document for the regulation of private funds, and the principle of professional management that the measures specified was mainly addressed at private fund managers that manage different types of private funds.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Author: Thomas Wang is a partner and Carol Li is an associate at Boss & Young
中国上海市黄浦区中山南路100号
金外滩国际广场12-15楼 邮编：200010
12/F-15/F, 100 Bund Square
100 South Zhongshan Road
Huangpu District, Shanghai 200010, China
电话 Tel: +86 21 2316 9090
传真 Fax: +86 21 2316 9000
电子邮箱 E-mail:
thomas_wang@boss-young.com
lizhiqi@boss-young.com
www.boss-young.com
