China Securities Regulatory Commission and China Insurance Regulatory Commission, Tentative Provisions for the Administration of the Sale of Securities Investment Funds by Insurance Institutions
中国证券监督管理委员会、中国保险监督管理委员会保险机构销售证券投资基金管理暂行规定
July 16, 2013 | BY
CLP Temp &Insurance institutions allowed to sell securities funds.
Issued: June 3 2013
Effective: as of date of issuance
Applicability: For the purposes of these Provisions, the term “insurance institutions” refers to insurance companies, insurance brokerages and insurance agencies established in the PRC with the approval of the China Insurance Regulatory Commission (Article 2).
Main contents: Insurance companies applying to sell securities investment funds should have minimum registered capital of at least Rmb500 million and at least 30 employees with fund business qualifications while insurance brokerages and agencies should have at least Rmb50 million of minimum registered capital and at least 10 employees with fund business qualifications (Articles 5 & 6).
Related legislation: PRC Insurance Law (Amended), Feb 28 2009, CLP 2009 No.3 p.35; PRC Securities Investment Fund Law (Revised), Dec 28 2012, CLP 2013 No.2 p. 66
clp reference:3910/13.06.03 issued:2013-06-03 effective:2013-06-03Issued: June 3 2013
Effective: as of date of issuance
Applicability: For the purposes of these Provisions, the term “insurance institutions” refers to insurance companies, insurance brokerages and insurance agencies established in the PRC with the approval of the China Insurance Regulatory Commission (Article 2).
Main contents: Insurance companies applying to sell securities investment funds should have minimum registered capital of at least Rmb500 million and at least 30 employees with fund business qualifications while insurance brokerages and agencies should have at least Rmb50 million of minimum registered capital and at least 10 employees with fund business qualifications (Articles 5 & 6).
Related legislation: PRC Insurance Law (Amended), Feb 28 2009, CLP 2009 No.3 p.35; PRC Securities Investment Fund Law (Revised), Dec 28 2012, CLP 2013 No.2 p. 66
clp reference:3910/13.06.03 issued:2013-06-03 effective:2013-06-03This premium content is reserved for
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