SFC: Private Placement Fund Eligible For Public Offering

P, a spokesman for the securities and Futures Commission, said yesterday that under the premise of professional management and prevention of interest pmission, the SFC supports private equity fund and venture capital fund managers to carry out private equity investment fund business. In compliance with the relevant conditions, the SFC can apply for public securities investment fund management qualification and expand business scope.

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< p > it is understood that the SFC is currently guiding the a href= "//www.sjfzxm.com/news/index_c.asp" > the fund industry association < /a > to set up the corresponding Specialized Committee for private equity investment funds, private equity funds and venture capital funds, and implement differentiated industry self-regulation. Three

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< p > in view of the existence of "private investment fund management method in the market, it will not be promulgated in the form of administrative regulations of the State Council, instead of a rumor made by the SFC to formulate departmental rules and regulations". Deng Ge pointed out that this is inconsistent with the facts.

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< p > Deng Ge introduced that the SFC has formed the Interim Regulations on private equity fund management (Draft), which was reported to the State Council in January this year.

At present, the Legislative Affairs Office of the State Council is summarizing the opinions of the relevant ministries and commissions of the State Council, provincial people's governments and relevant industries on the regulations.

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< < p > < a > href= > //www.sjfzxm.com/news/index_c.asp > > Deng Ge < /a > indicates that considering the urgent expectation of the market for < a href= > //www.sjfzxm.com/news/index_c.asp > private equity fund > /a > operation regulation, and the promulgation of the regulations, in order to meet the regulatory needs of private equity funds and private equity funds, the SFC has drafted the Interim Measures for the management of private equity funds (Draft), which is to be promulgated and implemented in the form of the rules and regulations of the SFC.

It is reported that the "method" has been publicly consulted in the market in February, and the link has been completed.

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< p > Deng Ge pointed out that the supervision of private equity funds is still in its infancy, and the SFC is actively exploring the development of private equity funds.

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< p > he said that the fundamental purpose of the work idea is to adhere to moderate supervision and maintain the vitality of the private market, persist in serving the real economy, and promote the healthy development of the private equity fund industry.

The basic principles are: the principle of self-discipline, the principle of bottom line supervision and the principle of promoting development. That is to say, there is no pre approval for private fund managers and private equity funds. Only after registration and registration is used for statistical monitoring. The function and function of the industry self-regulation organizations are mainly played. Through self-regulation rules and industry standards issued by the fund industry association, self-management of private fund managers and practitioners is established, and the integrity system of the whole industry is established to guide all kinds of private fund managers and practitioners to enhance the standard operation level.

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< p > in addition, Deng Ge also made clear the three bottom line of the private equity industry: first, stick to the law of integrity and abide by the bottom line of professional ethics; the two is to stick to the principle of "private placement" and not to engage in public offering in disguise; three, we must strictly manage investors' appropriateness and persist in raising funds for qualified investors.

At the same time, we should promote the development of various types of private equity funds, especially venture capital funds, by strengthening services and promoting relevant policies.

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