The China Foundation Association requires private equity to conduct self-inspection and rectification on the situation of less than 5 full-time employees or the absence of senior executives
2024-05-31 07:10:19
On May 31st, the China Securities Investment Fund Association issued a notice to some private equity managers, requiring them to conduct self-inspection and rectification in the case of less than 5 full-time employees or the absence of senior executives. According to Article 8 of the "Measures for the Registration and Filing of Private Investment Funds" (referred to as the "Registration and Filing Measures"), Private Offering Fund managers should have no less than 5 full-time employees. At the same time, Article 9 of the "Guidelines for the Registration of Private Offering Fund Managers No. 1 - Basic Business Requirements" has clearly defined the scope of "full-time employees".
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