China Securities Regulatory Commission, Issues Relevant to the Implementation of the «Administration of Appointment of Senior Management Personnel of the Securities Investment Fund Industry Measures» Circular

Issued: September 23 2004
Effective: October 1 2004

Main contents: Where one of the followinMeasuresg is fulfilled, one is deemed to have acquired the fund practice qualifications: (1) have acquired a fund practice qualification certificate issued by the Securities Association of China (SAC); (2) have passed the required papers of the qualification examination for practising in the securities industry; (3) have passed the training for senior management personnel in the fund industry organized by the China Securities Regulatory Commission (CSRC) or the SAC before 2003; or (4) have attained foreign qualifications to engage in relevant practices such as fund or asset management, or fund sales; or where the country (region) where she is located does not require such relevant qualifications to practise, she has engaged in such businesses as asset management, securities investment analysis and fund sales continuously in the most recent five years, and has passed the examination or assessment by the CSRC or the SAC (Section One). The term "other personnel who actually perform the above duties" in Article 2 of the Administration of Appointment of Senior Management Personnel in the Securities Investment Fund Industry Measures refers to persons in charge of investment, sales and operating businesses (where there is no position of a deputy general manager), and other personnel as recognized by the CSRC (Section Two).
Related legislation: Administration of Appointment of Senior Management Personnel of the Securities Investment Fund Industry Measures, Sep 22 2004, CLP 2004 No.9 p9 and PRC Securities Investment Fund Law, Sep 28 2003, CLP 2003 No.10 p43