Mutual Fund Investment Consulting Business Comes

作者/编者:Chen Yun and Wang Rong
作者单位:金杜律师事务所
创作年代:2019
出处/来源:金杜律师事务所
学科分类:商法学
所属机构:金杜律师事务所
文献语种:

摘要

At the end of October, 2019, the Department of Fund and Intermediary Supervision of the China Securities Regulatory Commission (“CSRC”) promulgated the Notice on the Pilot Implementation of the Public Offered Mutual Fund Investment Consulting Business ( the “Notice”) and the mutual fund investment consulting business (“MF Consulting Business”) is officially put into pilot implementation. The Notice provides specific guidance on how to conduct the MF Consulting Business. Qualified Institutions are entitled to apply for the MF Consulting Business qualification in order to advise their clients on the mutual fund investment portfolios and strategies, and subscribe, redeem, convert or otherwise trade the mutual funds for and on behalf of their clients (which is similar to a “Discretionary Mandate”). Before the promulgation of the Notice, institutions may only issue wealth management products to manage the investments for their clients, and the underlying investments are held by the wealth management products, while the clients only own the shares of the wealth management products instead of the relevant underlying investments directly. Now, for the first time, the Notice enabled the “Discretionary Mandate” business model by allowing investment consultants to, under the authorization granted by the clients, operate the clients’ account(s) directly. Under this model, the clients will be documented as the direct holder of the underlying investments and there is no need for the relevant institutions to issue the wealth management products any more.

关键词: Mutual Fund; Application Qualification; Process and Restrictions

正文

备注

本文献PDF共计4页,免费分享。

为你推荐RECOMMEND

收藏
翻译服务
下 载

该文档为付费内容,请购买后阅读全文

翻译服务

Mutual Fund Investment Consulting Business Comes

我们提供文献翻译服务,请填写您的联系方式,方便我们与您取得联系

提交
客服热线:13801067850 座机:010-88578296

提交成功

我们会在3个工作日内与您取得联系,请保持手机联系方式畅通