Industry insiders said that the self-examination of private institutions can help them find problems early and rectify them early, improve their compliance awareness and professionalism, and make the whole industry return to its original source and realize healthy and healthy development.
For the audit results, Shenzhen securities regulatory bureau uses green, yellow, red three colors for identification.
It is reported that Shenzhen Securities Regulatory Bureau issued a notice on self inspection and self correction in June this year. The self-examination focuses on eight aspects: whether to publicize publicly, whether to raise funds from non qualified investors, whether to promise to guarantee the principal and earnings, whether to damage the fund property, whether to violate or evade the registration and filing requirements, whether to engage in illegal fund-raising and fraud activities, and whether the system information is not truthfully filled in or updated.
It is worth noting that more than 2600 companies did not report self-examination and self correction. In this regard, the Shenzhen Securities Regulatory Bureau has made it clear that private institutions that are still unable to contact before the end of this year and have not reported the situation of self-examination and self correction will be notified and listed as key objects of supervision and disposal, and will suspend the product filing in the CFA, list them as abnormal business organizations, and cancel the registration of managers.
What is the purpose of this self-examination of private institutions?
Shenzhen securities regulatory bureau pointed out that in recent years, Shenzhen private fund industry has developed rapidly, playing a positive role in supporting public innovation and entrepreneurship and alleviating the difficulties of enterprise financing. However, there are also problems such as mixed fish and dragon, negative competition and so on. A few private fund violations and even thunder explosion have seriously affected the image and social stability of the industry. This self-examination and self correction aims to urge the management to actively clean up the illegal and non-compliance issues and give self correction and correction opportunities.
In order to solve the above problems, it is urgent to coordinate administrative supervision, industry self-discipline and institutional autonomy.
The reporter noted that in August this year, Shenzhen securities regulatory bureau established the private fund industry association under the guidance of the Shenzhen Securities Regulatory Bureau. The establishment of the association is the first practice of the regulatory authorities to promote local self-discipline. It helps to make up for the shortcomings of local self-discipline, strengthen the effective supplement to supervision, and also helps to serve the construction of two zones and promote the healthy development of the industry.
In the next step, Shenzhen Securities Regulatory Bureau said that it would guide the Private Equity Association to conscientiously perform its basic responsibilities of service, coordination, self-discipline and advance, give full play to the advantages of the platform, integrate industry forces, and do a good job in helping members serve, promoting industry development and administrative supervision.
So, what is the significance or effect of taking relevant regulatory measures on the development of the industry for those institutions that have not reported before the end of the year?
This inventory is to discover and evaluate these problems. Ke Jingmin added that under the current overall regulatory thinking of establishing system, non intervention and zero tolerance in the capital market, taking relevant measures to prevent the possible systemic risks of the whole industry can make the whole industry return to its original source and realize healthy development.
Therefore, as long as we receive the inspection notice, we should seriously rectify the problems in the companys self inspection, and never challenge the regulatory red line. A senior employee in the private equity industry told the reporter of the international financial journal.
Source: Ren Hui, editor in charge of International Finance_ NBJ9607