Legislation roundup: Private equity, commercial disputes and cybersecurity
December 12, 2018 | BY
Susan MokAMAC prohibits business conflicts in PE funds, five arbitration institutions are included in the “one-stop” resolution mechanism for Belt and Road disputes and online public opinion platforms are subjected to security assessments
Private Equity
Asset Management Association of China, Instructions for the Registration of Private Fund Managers (as Updated in December 2018)
With respect to applicants that concurrently engage in business such as private lending, private financing, lease financing, margin lending, small-amount wealth management, small-amount lending, P2P/P2B, crowd funding, factoring, provision of security, real estate development and trading platform, AMAC will, due to the conflict between the aforementioned business and private funds in terms of their attributes, deny such applicants registration in order to guard against risks.
Further reading
Dispute Resolution
General Office of the Supreme People's Court, Circular on Determining the First Batch of International Commercial Arbitration and Mediation Institutions Included in the “One-stop” Mechanism for the Multidimensional Resolution of International Commercial Disputes
The China International Economic and Trade Arbitration Commission, Shanghai International Economic and Trade Arbitration Commission, Shenzhen Court of International Arbitration, Beijing Arbitration Commission, China Maritime Arbitration Commission, Mediation Center of the China Council for the Promotion of International Trade and Shanghai Commercial Mediation Center are determined as the first batch of arbitration and mediation institutions included in the “one-stop” mechanism for the multidimensional resolution of international commercial disputes.
Further reading
Cybersecurity
Cyberspace Administration of China and Ministry of Public Security, Provisions for the Security Assessments of Internet Information Services of a Public Opinion Nature or That Have Social Mobilization Capabilities
Internet information services of a public opinion nature or that have social mobilization capabilities are required to carry out a security assessment focusing on matters such as verification of the true identity of users and measures for the retention of registration information.
Further reading
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