# Policy and regulatory basis

Measures for the Administration of the Service Business of Private Investment Funds (for Trial Implementation)

A private fund manager shall entrust a service institution that has completed registration with the Securities Investment Fund Association of China (hereinafter referred to as the Association) and has become a member of the Association to provide private fund services.
The relevant provisions on private fund managers entrusting service institutions to engage in private fund raising, investment consulting and other businesses shall be separately formulated by the SAC.

Article 7 of the Interim Measures for the Supervision and Administration of Private Investment Funds

All types of private equity fund managers shall, in accordance with the provisions of the Fund Association, apply to the Fund Association for registration, and submit the following basic information:
(1) Photocopies of original and duplicate copies of industrial and commercial registration and business license
(2) Articles of association or partnership agreement
(3) List of major shareholders or partners
(4) Basic information of senior managers
(5) Other information as prescribed by the fund industry association.
The fund industry association shall, after the completion of the registration materials of the private fund manager Within 10 working days, the registration formalities for private fund managers shall be completed by announcing the list of private fund managers and their basic information on the website.

Article 8 of the Interim Measures for the Supervision and Administration of Private Investment Funds

Upon completion of the raising of various private equity funds, the private equity fund manager shall, in accordance with the provisions of the Fund Association, go through the fund recordation formalities and submit the following basic information:
(1) The main investment directions and the fund types indicated in accordance with the main investment directions
(2) The fund contract, articles of association or partnership agreement. Where a fund prospectus is provided to an investor during the fund raising process, a fund prospectus shall be submitted. For a private placement fund established in the form of a company, partnership or other enterprise, a photocopy of the original and copy of the industrial and commercial registration and business license shall also be submitted
(3) If the management by entrustment is adopted, the entrustment management agreement shall be submitted. Where a trust institution is entrusted to trust fund property, the trust agreement shall also be submitted
(4) Other information as prescribed by the fund industry association.
The Fund Industry Association shall, after the filing materials of the private equity fund are complete, Within 10 working days, the filing formalities for private funds shall be completed by announcing the list of private funds and their basic information on the website.

# Examples of Qualifications

Screenshot of the Classified Inquiry of Private Fund Managers of the Securities Investment Fund Industry Association of China:

Certificate of Recordation of Private Equity: