CSRC issues offshore accounts policy to fund managers
July 29, 2009 | BY
clpstaff &clp articlesCharles Qin and Desmond AnLlinks Law [email protected], [email protected] March 9, the Department of Fund Supervision of the China…
Charles Qin and Desmond An
Llinks Law Offices
[email protected], [email protected]
On March 9, the Department of Fund Supervision of the China Securities Regulatory Commission (CSRC) issued the Reply for Opening Offshore Asset Management Business for Segregated Account by Fund Management Companies (the Reply) to Bank of Communications Schroder Fund Management.
On the basis of the Trial Measures for the Administration of Overseas Securities Investment by Qualified Domestic Institutional Investors (合格境内机构投资者境外证券投资管理试行办法) – QDII Measures – and the Pilot Measures for Fund Management Companies on the Management of Segregated Account Assets (the Segregated Account Measures), the Reply specified relevant policies and strategies for onshore fund managers' opening of offshore segregated account services (the Services).
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