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Internal Control Guidelines for private equity fund managers
Chapter I General Provisions
In order to guide the first private equity fund managers to strengthen internal controls, in order to guide the promotion of private equity fund managers to strengthen internal controls, and promote co-regulation, credit management, improve risk prevention capacity to promote private equity line together and regulations, integrity management, improve risk prevention capacity push private equity fund development of industry standards, according to "Securities investment Fund law," "private supervision investment Fund law," "private supervision investment Fund law," "private supervision investment Fund law," "private supervision investment Fund law," "private supervise investment Fund law, "" private supervision investment Fund law, "" private supervision investment Fund law, "" private supervision investment Fund law, "" private supervision investment Fund law, "" private supervision investment Fund law, "" private supervision investment Fund law "" private investment Fund supervision law, "" private investment Fund supervision law, "" private investment Fund supervision law, "" private investment Fund supervision law, "" Interim Measures for supervision and management of private equity "," private investment fund registration and filing person Interim Measures "," registration and filing private investment fund management Interim Measures "and" registration and record private investment fund management Interim Measures "and" Interim Measures for the registration and record private investment fund "and" private investment fund registered person and record management Interim Measures "," registration and filing private investment fund management Interim Measures "and" registration and record private investment fund management Interim Measures "and" Interim Measures for the registration and record private investment fund "and" private investment fund people registration and filing Interim Measures "," registration and filing private investment fund management Interim Measures "and" registration and record private investment fund management Interim Measures "and" Interim Measures for the registration and record private investment fund "and" private people registered investment funds and record management Interim Measures "," private investment fund people to register and record management Interim Measures "," private investment fund people to register and record management Interim Measures "," private investment fund people to register and record management Interim Measures " "Interim Measures for the registration and record private investment fund" and "registration and record private investment fund management Interim Measures" and "Interim Measures for the registration and record private investment fund" and "private equity people registration and record management Interim Measures "" registration and record private investment fund management Interim Measures "and" registration and record private investment fund management Interim Measures "and" Interim Measures for the registration and record private investment fund "and" private equity people registration and record management Interim Measures "," registration and filing private investment fund management Interim Measures "and" Interim Measures for the registration and record private investment fund "and" private investment fund registration and filing person (trial) ", formulated guidelines. (Trial) ", formulated guidelines. (Trial) ", formulated guidelines. (Trial) ", formulated guidelines. (Trial) ", formulated guidelines. (Trial) ", formulated guidelines.
The second private equity fund managers of internal control refers to the private equity fund managers of internal control is defined as prevent and mitigate risks and ensure regulatory co-operation of the business to achieve after the operation, after the operation to achieve, achieve through the operation, to achieve by the operation, realized through operation, to achieve business objectives, for through the process of business objectives on the basis of internal full account of the external environment on the basis of internal full account of the external environment on the pair through the process of risk institutional arrangements organizational system control identification, evaluation and management of measures risk control measures institutional arrangements organizational system identification, evaluation and management.
Article III private equity fund managers should be in accordance with the requirements of the present guidelines, combined with private equity fund managers should be in accordance with the requirements of the present guidelines, combined with their own specific circumstances, establish a sound internal control mechanism explicitly clear level of internal control internal control internal control level clear level clear internal control internal control level clear level clear level clear internal control internal control functions, improve internal control measures to strengthen ongoing responsibility to protect, improve internal control measures to strengthen the protection of ongoing evaluation and control of supervisory control evaluation and supervisory control evaluation and oversight.
Private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers supreme power institutions to establish an internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private the highest authority for fund managers to establish internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers the highest authority the establishment of internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal control private equity fund managers to establish the highest authority on internal controls private equity funds the highest authority administrator to establish an internal control private equity fund managers to establish the highest authority on internal control systems and maintain its effectiveness bear ultimate responsibility for the execution of internal control management level degree holders ultimately responsible for its effectiveness and operation of the internal layer execution of control responsibility. Line responsibility. Line responsibility.
Chapter II Objectives and Principles
Internal fourth private equity fund managers controlling the overall objectives are: internal private equity fund managers controlling the overall objectives are: private equity fund manager internal controls overall objectives are: private equity fund manager internal controls overall objectives are: private equity fund managers controlling the overall internal the objectives are: internal private equity fund managers controlling the overall objectives are:
(A) ensure compliance with (a) to ensure compliance with (a) to ensure compliance with relevant laws and regulations of private equity funds of private equity related legal regulations related to private equity fund private equity fund legal regulations related to legal regulations and the rules of self-discipline and self-regulatory rules.
(B) to prevent operational risks and ensure stable operation of the business. (B) to prevent operational risks and ensure stable operation of the business. (B) to prevent operational risks and ensure stable operation of the business. (B) to prevent operational risks and ensure stable operation of the business. (B) to prevent operational risks and ensure stable operation of the business. (B) to prevent operational risks and ensure stable operation of the business. (B) to prevent operational risks and ensure stable operation of the business.
(Iii) guarantee the safety of private equity assets and complete. (Iii) guarantee the safety of private equity assets and complete. (Iii) guarantee the safety of private equity assets and complete. (Iii) guarantee the safety of private equity assets and complete. (Iii) guarantee the safety of private equity assets and complete. (Iii) guarantee the safety of private equity assets and complete.
(Iv) to ensure that private equity funds, managers of financial and other information is true, accurate and complete in a timely manner. True, accurate and complete in a timely manner. True, accurate and complete in a timely manner. True, accurate and complete in a timely manner. True, accurate and complete in a timely manner.
Internal control Article V private equity fund managers should follow the following principles: internal control private equity fund managers should follow the following principles: private equity fund manager internal controls should be guided by the following principles: private equity fund managers should be guided by the following principles of internal control: private equity fund management people should follow the following principles of internal control: private equity fund managers should be guided by the following principles of internal control: internal control private equity fund managers should be guided by the following principles:
(A) the principle of comprehensiveness. Internal control should be covered including business, various departments and officers, and covers fund raising, investment research, investment in transport research, transport investment research, investment research ship, transport investment research, investment research ship, transport investment research, investment research ship , operations, operational security, operational security and information disclosure and other key areas. And information disclosure and other major sectors. And information disclosure and other major sectors. And information disclosure and other major sectors.
(Ii) each other about the system principle. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles and Mutual Rio principles. Organizational structure should clearly define the roles, approx.
(Iii) implementation of effective principles. Through scientific means and methods of internal control, internal control to establish reasonable procedures to maintain the effective implementation of the system. Li sound internal control procedures, the effective implementation of the maintenance system. Li sound internal control procedures, the effective implementation of the maintenance system. Li sound internal control procedures, the effective implementation of the maintenance system. Li sound internal control procedures, the effective implementation of the maintenance system. Li sound internal control procedures, the effective implementation of the maintenance system. Li sound internal control procedures, the effective implementation of the maintenance system.
(Iv) the principle of independence. Departments and job responsibilities should remain opposed, fund assets, legislation, fund property legislation, property fund, the manager manager inherent property, shall be separated from other operations. Inherent property, shall be separated from other operations. Inherent property, shall be separated from other operations. Inherent property, shall be separated from other operations. Inherent property, shall be separated from other operations. Inherent property, shall be separated from other operations. Inherent property, shall be separated from other operations.
(V) cost-benefit principle. Reasonable control of internal controls to achieve the best results, with the size and staff within the Ministry of control effect of private equity fund managers, and the size and number of employees in the private equity fund managers and other aspects of the match, fit, etc. The number of matches, the number of fit etc. to match the number, etc. match fit, fit their actual situation. The actual situation.
(F) the principle of timeliness. Private equity fund managers should periodically evaluate the effectiveness of internal control, and with the relevant laws and regulations to adjust business strategy, the effectiveness of the control of, and with the changes in the relevant laws and regulations to adjust business strategy, policy, philosophy and other external environment synchronization timely modification or improvement. Change the needle, philosophy and other internal and external environment of synchronous timely modification or improvement. Change the needle, philosophy and other internal and external environment of synchronous timely modification or improvement. Change the needle, philosophy and other internal and external environment of synchronous timely modification or improvement. Change the needle, philosophy and other internal and external environment of synchronous timely modification or improvement. Change the needle, philosophy and other internal and external environment of synchronous timely modification or improvement. Change the needle, philosophy and other internal and external environment of synchronous timely modification or improvement. Change the needle, philosophy and other internal and external environment of synchronous timely modification or improvement.
Chapter 3 Basic requirements
Article VI of private equity fund managers to establish and implement effective internal controls, private equity fund managers to establish and implement effective internal controls shall include the following elements: It should include the following elements: It should include the following elements: It should include the following elements:
(A) internal environment: including philosophy and control culture, governance structure (a) internal environment: including philosophy and control culture, governance structure (a) internal environment: including philosophy and control culture, governance structure (a) internal environment : includes business philosophy and control culture, governance structure (a) internal environment: including philosophy and control culture, governance structure (a) internal environment: including philosophy and control culture, governance structure (a) internal environment: including philosophy and control culture, governance structure (a) internal environment: including philosophy and control culture, governance structure (a) internal environment: including philosophy and control culture, governance structure (a) internal environment: including philosophy and control culture, governance structure organizational structure, human resources policies and staff moral qualities, etc., the internal environment is the basis for the implementation of internal control. Shi internal control foundation. Shi internal control foundation. Shi internal control foundation.
(Ii) Risk assessment: timely identification, risk analysis system operating activities associated with the internal control objectives, reasonably determine the coping strategies. Portion control risk related targets, reasonably determine the coping strategies. Portion control risk related targets, reasonably determine the coping strategies. Portion control risk related targets, reasonably determine the coping strategies. Portion control risk related targets, reasonably determine the coping strategies. Portion control risk related targets, reasonably determine the coping strategies. Portion control risk related targets, reasonably determine the coping strategies.
(Iii) control activities: based on risk assessment, use of appropriate measures to control the risk in the affordable range. Measures to control the risk in the affordable range. Measures to control the risk in the affordable range. Measures to control the risk in the affordable range. Measures to control the risk in the affordable range. Measures to control the risk in the affordable range.
(D) Information and Communication: timely and accurate manner for collecting and transmitting information related to internal control, to ensure that between internal enterprise and external information related to an effective system to ensure that between the inside and outside of the enterprise to communicate effectively. communication.
(E) Internal oversight: to control the construction and implementation of periodic supervision and inspection, found defects or effective oversight inspection, evaluation of internal control deficiencies found effective evaluation of internal controls or due to business changes lead to some internal demand, it shall be improvements, changes lead to more traffic and some internal demand should be improved timely updates.
Article VII private equity fund managers should firmly establish the co-operation of private equity fund managers regulations should firmly establish the concept of regulatory co-operation and risk control priority awareness and train employees in compliance and risk control philosophy priority awareness, training employees compliance with the knowledge to create a cultural environment to ensure that managers and their institutional knowledge compliance by practitioners, and create a culture of compliance by the institutional environment to ensure that managers and practitioners honesty, diligence Ke duty. Members honesty, diligence Ke duty. Members honesty, diligence Ke duty. Members honesty, diligence Ke duty. Members honesty, diligence Ke duty. Members honesty, diligence Ke duty.
Article VIII of private equity fund managers private equity fund managers private equity fund managers private equity fund managers private equity fund managers private equity fund managers should follow the private equity fund managers follow specialized professional specialization follow follow follow specialized professional operation principle, Main business clearly can not run and private equity fund management independent of the presence or the presence of red interest interest interest exists punch punch punch interest exists conflict of interest of other businesses. Other businesses.
Article IX private equity fund managers should improve the governance structure of private equity fund managers should prevent errors and improve the governance structure, to prevent improper related-party transactions, transfer of benefits and internal control risks and protect investors when related party transactions, transfer of benefits and internal control risk, protect investors and their legal rights. And their legitimate rights and interests. And their legitimate rights and interests.
Article X of the organizational structure of private equity fund managers should reflect a clear mandate, private equity fund managers should reflect the organizational structure of clear responsibilities, mutual restraint principle, to establish the principle of the necessary firewall and service isolation mutual restraint, the establishment of the necessary firewalls and isolate each business department has a clear mandate and a reasonable division of labor, operating independently of each other. Each department has a clear mandate and a reasonable division of labor, operating independently of each other. Each department has a clear mandate and a reasonable division of labor, operating independently of each other. Each department has a clear mandate and a reasonable division of labor, operating independently of each other. Each department has a clear mandate and a reasonable division of labor, operating independently of each other. Each department has a clear mandate and a reasonable division of labor, operating independently of each other. Each department has a clear mandate and a reasonable division of labor, operating independently of each other.
Article XI private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force private equity fund managers should establish resources effective resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force private equity fund managers should establish resources effective resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective force resources private equity fund managers should establish an effective HR management system, improve the incentive and restraint mechanisms to ensure that staff have the job requirements, and improve the incentive and restraint mechanisms to ensure that staff have the job the requirements of professional conduct and professional competence adaptation. Adapted to professional conduct and professional competence. Adapted to professional conduct and professional competence. Adapted to professional conduct and professional competence. Adapted to professional conduct and professional competence. Adapted to professional conduct and professional competence.
Private equity fund managers should private equity fund managers should private equity fund managers should have at least two senior managers. Senior management staff. Senior management staff.
Article XII of private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for setting compliance risk control high private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should compliance is responsible for setting high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund management compliance shall be responsible for setting high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance risk control set high private Fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set high wind control private equity fund managers should be responsible for compliance set of risk control senior management. Responsible for compliance risk control senior management should be independently responsible for compliance risk control shoe senior management personnel shall independently carry out internal control supervision, inspection and evaluation reports and recommendations of the functions of the ditch leading to negligence caused by the failure of internal controls major loss, should assume responsibility.
Article XIII private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity funds managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment private equity fund managers should establish a body of scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity funds managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body of private equity fund managers should establish a scientific risk assessment body private equity fund managers should establish a scientific risk assessment system, internal and external risk identification, assessment and analysis of timely preventing and resolving system, internal and external risk identification, assessment and analysis of timely preventing and defusing risks. risk.
Article XIV of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity funds managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish scientific rigor business operating private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity funds managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish a scientific and strict business operation of private equity fund managers should establish scientific rigor business operating private equity fund managers should establish a scientific and strict operational processes, the use of sector divided, divided jobs, outsourcing, hosting and other ways divided, outsourced hosting and other ways to control business processes. Control of business processes. Control of business processes.
Article XV authorization control should be run through the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers authorized control should be run through the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to run through private control Fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers should be authorized to control throughout the private equity fund managers to raise funds , investment research, operations, operational security and information disclosure and information disclosure and other major aspects of the main aspects of always. Private equity fund managers should be authorized to establish and improve standards and procedures, always correct. Private equity fund managers should be authorized to establish and improve standards and procedures to ensure the implementation of the authorization system. Implement security authorization systems. Implement security authorization systems. Implement security authorization systems.
Article XVI private equity fund managers set their own, private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set their own set, should set up their own private equity fund managers set , the private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set their own set , the private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set their own set , the private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set up its own set of private equity fund managers should set their own set, should set up an effective mechanism to effectively protect raise settlement fund security; private group managers set an effective mechanism to effectively protect the safety of settlement funds raised; private group manager shall establish appropriate institutional accredited investors. We shall establish appropriate institutional accredited investors. We shall establish appropriate institutional accredited investors. We shall establish appropriate institutional accredited investors. We shall establish appropriate institutional accredited investors.
Article XVII private equity fund managers commissioned by private equity fund managers commissioned by private equity fund managers commissioned by private equity fund managers commissioned by private equity fund managers commissioned by private equity fund managers commissioned by private equity fund managers commissioned by private equity fund managers commissioned by private equity fund managers entrusted raise shall entrust get raised, should be entrusted to get raised, should be entrusted to get raised, should be entrusted to get raised, should be entrusted to get raised, should be entrusted to get raised, should be entrusted to get raised, it should be entrusted to get raised, shall entrust get raised, it should be entrusted China Securities Regulatory commission fund sales qualification and become China's securities investment fund industry co-fund industry co-fund co-fund industry industry Association (hereinafter referred to as (hereinafter referred to as "China Fund industry Association," "China Fund industry Association "" China Fund industry Association, "" China Fund industry Association ") member institutions to raise private funds, agencies raise private funds, agencies raise private funds, agencies raise private funds and to develop recruitment agency selection degree, effectively protect the settlement fund security; indeed recruitment agencies to develop the selection of, and effectively protect the safety of settlement funds; ensure that private equity funds to qualified investors set and not be disguised public insurance fund to qualified private investors set and not be disguised public insurance fund to qualified private investors and not set. disguised revolves Paul private equity funds to qualified investors set and not be well disguised. insurance fund to qualified private investors set and not be well disguised. insurance fund to qualified private investors set and not be well disguised. insurance to private funds QFII set and not be well disguised. insurance fund to qualified private investors set and not be well disguised.
Article XVIII private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity funds managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound separation of property system of private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity funds managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound system of separation of property private equity fund managers should establish a sound separation of property system of private equity fund managers should establish a sound system of separation of property, between the property and private equity fund managers inherent in different degrees, property and private equity fund managers inherent, raised funds among different assets, among other private and to carry out independent to implement independently to implement independently to implement independently to implement independent, separate accounting. Operations accounted for separately. Operations accounted for separately.
Article XIX private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity funds managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve the relevant mechanism to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund management shall establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms to prevent private equity fund managers should establish and improve mechanisms prevent private equity fund managers should establish and improve mechanisms to prevent the transfer of benefits and conflict of interests between the private equity fund management, fair treatment tube conflict of interest, the equitable treatment of private equity fund management, to protect the interests of investors. Each private equity funds, to protect the interests of investors. Each private equity funds, to protect the interests of investors. Each private equity funds, to protect the interests of investors. Each private equity funds, to protect the interests of investors.
Diershitiao private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity funds managers should establish and improve control investment business, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound investment traffic control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish and improve control investment business, private fund management shall establish and improve control investment business, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, private equity fund managers should establish a sound business investment control, to ensure that investment decisions in strict accordance with the law, in line with the fund to ensure investment decisions in strict accordance with the law, in line with the fund's investment objectives, scope and strategy portfolio restrictions on the investment objectives, strategy portfolio scope and limitations and other requirements. Claim.
Article 21 Unless otherwise stipulated in the contract funds, private equity funds should be made in addition to the contract provides otherwise, shall be made in addition to private equity fund contract provides otherwise, shall be made in addition to private equity fund contract provides otherwise, it shall be made in addition to private Fund contract provides otherwise, shall be made in addition to private equity fund contract provides otherwise, shall be made private equity fund trustees, private equity fund trustees should establish a sound, private equity should establish and improve the people who choose the selection system, effective protection of the safety of funds. Effectively protect the safety of funds. Effectively protect the safety of funds.
Private equity fund contract not hosted, a manager of private equity funds should be established to protect property safety measures and dispute resolution system machine. Private fund should be established to protect property safety measures and dispute resolution system machine. Private fund should be established to protect property safety measures and dispute resolution system machine. Private fund should be established to protect property safety measures and dispute resolution system machine. Private fund should be established to protect property safety measures and dispute resolution system machine. Private fund should be established to protect property safety measures and dispute resolution system machine. Private fund should be established to protect property safety measures and dispute resolution system machine. Private fund should be established to protect property safety measures and dispute resolution system machine. Private fund should be established to protect property safety measures and dispute resolution system machine.
Article 22 private equity fund managers should develop outsourcing business with private equity fund managers should develop outsourcing business with private equity fund managers should develop outsourcing business with private equity fund managers should develop outsourcing business with private equity fund managers to carry out
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