The First Training on the Interpretation of New Regulations of Private Fund Supervision Successfully Held, Manual on Protection of Private Fund Investors Officially Released
February 03, 2021

On February 3, China Securities Regulatory Commission Beijing Regulatory Bureau, China Securities Investment Fund Association, and Beijing Fund Town Investor Education Base jointly held a training (Session 1) on the interpretation of New Regulations on Online Private Fund Supervision in Beijing, and issued Manual on Protection of Private Fund Investors.

Private fund is an important part of China's multi-level capital market system. In recent years, with the rapid development of private funds and its service to the real economy, many problems in relation to infringement on the interests of investors have also been exposed. In order to strengthen the supervision of private fund, crack down on all kinds of illegal activities, improve regulated development of the industry, and protect the legitimate rights and interests of investors, the regulatory authorities continue to strengthen the supervision of private fund, and vigorously carry out special campaigns on investor protection.

A few days ago, after widely soliciting opinions, China Securities Regulatory Commission (CSRC) officially issued Provisions on Strengthening the Supervision of Private Investment Fund, further reiterating and strengthening the bottom line of code of conduct of private fund industry, and formulating the "Ten Don'ts" for private fund managers and practitioners. After that, the State Administration of Market Supervision and China Fund Industry Association issued corresponding regulatory requirements successively, and a new round of self-inspection by private fund institutions kicked off across the country.

A relevant person responsible from Beijing Securities Regulatory Bureau said that investors are the foundation of the development of the capital market. Respecting and protecting investors is the concrete embodiment of people-centered development idea of the capital market, and the fundamental regulatory mission of securities regulatory authorities. Currently when the new regulations are implemented, publicizing and implementing the industry regulatory policies and regulations, and issuing Manual on Protection of Private Fund Investors are conducive to further helping private fund practitioners establish the bottom-line awareness and compliance awareness firmly, return to the origin of "private placement" and "investment", optimize the industry ecology, and better protect the rights and interests of investors.

Returns a list of
 RELATED STORIES