These people told reporters, the "first financial daily" privateequity register put on record after approved by the industryassociation has become the industry association members, the needto pay the membership fee RMB / year. "But if you can issueseparate products, compared with the channel costs, duesshakiness."
Private equity register put on record will continue to speed upunder the pressure from the regulators.
In addition, the CSRC stressed that the venture investment fundmanagement and venture investment funds (including to the company,partnership enterprises set up by the form of venture investmentfunds) should also register put on record formalities to theindustry association.
Private equity has long been to drift out of the scope ofregulators, even through trust channel distribution products, alsocan only be as product investment consultant, does not have anindependent identity. Rosefinch investment senior partner would,according to some big sunshine private has been to regulators"close", many of them are special fund industry associationmembers, have the opportunity to with register put on record to"regulars", to the entire industry is a big positive.
Securities regulatory commission official weibo in notes aboutprivate equity register put on record the relevant problem, saidthe industry association and the CSRC has been established privateequity fund managers to register and put on record on the privateequity fund information sharing and reporting mechanism. Allprivate securities fund management shall perform the formalitiesthat register, to submit the basic situation, private fund raisingand archival filing formalities shall be. For unregistered privateequity fund managers, securities regulatory commission will takeregulatory measures accordingly.
The CSRC again urged private equity fund in the fund industryassociation for the record, since a previous wait, head of privateequity investment fund, specially went to Beijing to visit theindustry association is responsible for the related personnel. "Forthe record after specific to open what account, what you can do thebusiness is not accurate information, details and process alsoneeds to be clear, but want to issue public products have toregister put on record."
Since Feb. 7, the fund industry association released "method",including private equity securities funds and private equity fundsand other kinds of private equity funds. As of February 26, hasaccumulated 499 institutions registered user name onlineapplication system, including 130 completed online fill in andsubmit the application for registration. Due to the industryassociation audit registration information need 20 working days, asof the time, the first approved private equity fund and its managerhas not yet been published.
For securities regulatory commission, the registration andfiling deadline on April 30, MingYao investment, a senior fellow atthe long dragon said, private team is too big, some small, or laternot keen to release public product may choose not to put on record,maybe later for the record. But some big sunshine private will beactive, to start the registration and filing earlier also.
On March 7, the SFC spokesman Deng Ge said, has set up a privateequity fund manager shall, before the end of April, according tothe "private equity investment fund managers to register and put onrecord on the fund method (try out)" (hereinafter referred to as"method"), the fund industry association to complete registrationformalities, otherwise shall not be engaged in private equityinvestment fund management business activities.