China Securities Regulatory Commission, Tentative Provisions for the Administration of the Subsidiaries of Securities Investment Fund Management Companies

中国证券监督管理委员会证券投资基金管理公司子公司管理暂行规定

Registered capital of a subsidiary of a fund management company is not allowed to be less than Rmb20 million.

By clpstaff | clp articles |

Promulgated: October 29 2012

Effective: November 1 2012

Applicability: For the purposes of these Regulations, the term “subsidiary” means a limited liability company that is established in accordance with the Company Law, that is controlled by a fund management company and that engages in specific client asset management, fund sale and other business permitted by the China Securities Regulatory Commission (CSRC) (Article 2).

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