Essential Introduction to Securities Regulations Chapter III Management of Employees I. Professionals engaged in securities business (1) Scope 1.Securities companies: professionals engaged in self-management, brokerage, underwriting, investment consulting, trusted investment management, etc. 2.Fund management companies, trustees and sales agencies: professionals engaged in fund sales, research and analysis, investment management, trading, supervision and audit, etc. 3.Securities Investment Advisory Body: Professionals and managers engaged in securities investment advisory business 4.Securities Credit Assessment Institutions: Professionals and managers engaged in securities credit assessment 5.Other Institutions as stipulated by CSRC: Other Personnel Needed to Obtain Employment Qualifications and Certificates (2) Qualifications for professionals to engage in securities business Application for general securities business shall meet the following requirements [Practice Certificate] 1.Has obtained the securities industry qualification; 2.Employed by securities companies, fund management companies, fund trustees and fund sales agencies; 3.Have full capacity for civil conduct; 4.No criminal penalty has been imposed in the last three years. 5.Those who have not been recognized by the CSRC as prohibited entrants to the securities market or have passed the prohibited entrance period; 6.Correct conduct and good professional ethics; 7.Other conditions stipulated by laws, administrative regulations and the CSRC. (3) Procedures for practitioners to apply for certificates of practice (4) Relevant Regulations on Supervision and Management of Employees 1.The Association inspects the practitioners every two years from the date of obtaining the practicing certificate. 2.If a person who has obtained a practice certificate does not work in an institution for three consecutive years, the association shall cancel his practice certificate; if he re-practises, he shall participate in the practice training organized by the association and re-apply for his practice certificate. 3. The original employing institution shall report to the association within 10 days after the occurrence of the aforementioned situation, and the association shall change the registration of the person in practice. The newly hired institution shall report to the association within 10 days after the occurrence Change of Employment Institution of the aforementioned situation, and the by Practitioners association shall change the registration of the person in practice. 4.Institutions shall not employ persons who have not obtained a certificate of practice to carry out securities business abroad. The practitioner resigns or does not employ or terminate the labor contract for the original employing institution 5.Employees who violate relevant securities laws, administrative regulations and relevant provisions of the CSRC in the course of their practice are punished by the employing agency, which shall report to the association within 10 days after the punishment. 6.Associations and institutions shall conduct follow-up vocational training for those who have obtained the license, improve their professional ethics and quality, establish a database for the management of their qualifications, and carry out the management of qualification publicity and registration. (5) Legal Liability Irregularities punish Those who take the qualification examination violate the rules of the examination room and disrupt the order of the examination room. No eligibility examination within 2 years Personnel who have obtained employment qualification shall provide false materials and apply for a certificate of practice. No certificate of practice shall be issued; if a certificate of practice has been issued, the association shall cancel its certificate of practice. In the process of applying for a certificate of practice, an institution engages in fraud, favoritism and fraud, deliberately obstructs the parties concerned, or fails to fulfil its reporting obligations in accordance with the provisions. Institutions employ persons who have not obtained a certificate of practice to carry out securities business abroad Personnel whose practice certificate has been revoked by the CSRC according to law or who have been revoked by the association in violation of regulations 1.Correction shall be ordered by the association. 2.Those who refuse to make corrections shall be given disciplinary sanc

docxDoc Explanation on the Measures for the Management of Private Equity in Securities and Futures Operating Institutions and the Related Rules (Part II) (1)

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