From: Shanghai Securities News
Compiler: http://www.fundcn.org

Variety investment limited open-end fund investment period not less than six months

Fund employees can justifiably subsequent sale of the Fund. But investment with the limited open-end funds, closed-end funds have not been allowed to invest ranks.

SFC Fund yesterday issued a notice to the investment fund professionals in the securities investment funds related matters in detail.

Under the notice, Fund refers to the practitioners in fund management companies and the Fund’s custodian bank sector fund trustees practitioners.

The circular requires that employees Fund Investment Fund should abide by relevant laws and regulations, follow a fair, open and impartial manner. not to use insider trading information, must not use the facilities to seek professional interests of individuals. Fund Investment Fund practitioners should establish a long-term investment philosophy. Fund share of the holding period not less than six months. Fund to encourage employees informed through regular fixed or other forms of long-term investment.

Allowing employees Fund Investment Fund, the SFC requirements of the units must be established accordingly the supervision mechanism and report them. The notice stipulates that the fund management companies, banks should care sector in the Fund to allow employees of the unit investment funds, formulate related management systems to the China Securities Regulatory Commission and its agencies record. management system should include the conduct of employees, investment, investment restrictions, reporting and record management, irregularities, as well as ways to deal with the clear provisions.

In addition, fund professionals, investment funds should fulfill certain information disclosure obligations. Fund management companies should be stated in the contract commencement notice Notice No. traded funds and related semi-annual and annual reports to disclose the fund company employees share holders Fund and the total share.

The industry believes that allowing employees Fund Investment Fund voice a long time. The swing set … 7 Children Investment Fund, Fund employees were making a further investment fund market share in China’s economic growth and the legitimate channels, also help to strengthen the fund workers and fund holders shared interests and a sense of risk-sharing.

Copyright Fund China 2009.

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