Commission no fund fund management fees, custodian fees double charges www.cpew.cn

SFC: not to fund management fees, fund custodian fees double charges – Beijing, Beijing, September 23, according to the SFC website news, recently, the Commission formally issued and implemented "the public to raise funds of securities investment fund guidelines No. second — fund guidelines" (hereinafter referred to as the "guidelines"). "Guidelines" provisions of the fund manager and the fund custodian shall not in fund management fees, custodian fees and sales charges double charge. For the fund in fund operation, protect the legitimate rights and interests of investors, "guidelines" mainly made the following arrangements: one is the required funds of funds should be more than 80% of fund assets invested in other public offering of fund shares, and should follow the principle of portfolio investment; two is the provisions of the fund manager and the fund custodian shall not fund the management fees, custodian fees and sales charges double charge. Three is clear fund managers in the fund’s fund investment fund to disclose the net the next day, the timely disclosure of the fund’s net share of the fund. Four fund is required to fund the establishment of a special chapter in the periodic reports and prospectuses, to disclose the relevant circumstances of the fund held, and to reveal the risks associated with. Five is the provisions of the fund managers should set up an independent department, equipped with specialized personnel, and the fund manager of the fund may not concurrently fund managers of other funds. Six is the responsibilities of the fund manager and custodian of funds, strengthen the main responsibility. The fund development fund in favor of the majority of investors with professional fund managers to choose based advantages of investment funds, broaden the fund industry development; to meet the investment needs of investors diversified asset allocation, effectively disperse investment risk, reduce the diversification of investment threshold; is conducive to further enhance the service capacity of investors and securities institutions. Next, the Commission will be in accordance with the "guidelines" and the requirements of the relevant laws to support the industry launched the fund of funds, and will strengthen the regulation of business, protect the legitimate rights and interests of investors, and promote the healthy development of the fund fund.相关的主题文章: