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ARTICLE · 06 AUGUST 2012

Proposed Changes In PRC Law Impacting On Fund Managers

Mayer Brown
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The Standing Committee of the PRC National People's Congress is undertaking a public consultation process with respect to various amendments to the Securities Investment Funds Law.

Hong KongFinance and Banking
Phillip Smith
Phillip Smith
Yong Ren
Yong Ren
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Keywords: PRC Law, Fund Managers, qualified domestic, limited partner, QDLP,

This update describes two recent PRC legal developments: the amendments proposed to be made to the Securities Investment Funds Law and the possible introduction of a qualified domestic limited partner (QDLP) scheme in Shanghai.

Regulation of Private Investment Funds

The Standing Committee of the PRC National People's Congress is undertaking a public consultation process with respect to various amendments to the Securities Investment Funds Law.

The amendments seek to bring private investment funds under the supervision of China Securities Regulatory Commission (CSRC) and, represent a comprehensive effort to regulate the public/private fund industry and fund managers in China.

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