China Securities Regulatory Commission, Measures for the Regulation of Institutions That Sell Publicly Offered Securities Investment Funds

中国证券监督管理委员会公开募集证券投资基金销售机构监督管理办法

September 11, 2020 | BY

Susan Mok

Independent fund sales institutions are not allowed to sell PE/VC funds on an agency basis

Promulgated: August 28, 2020

Effective: October 1, 2020

Main contents: An independent fund sales institution is an institution that specifically engages in the business of selling public funds and private securities investment funds. An independent fund sales institution may not engage in any business other than the sale of public funds and private securities investment funds on an agency basis, unless otherwise provided by the China Securities Regulatory Commission.

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