The Securities Regulatory Commission today issued the “Administrative Measures on the Operation of Publicly Raised Securities Investment Funds” and publicly solicited comments from the public. Revise and optimize the exit requirements for initiated funds, remove the special provision for compulsory liquidation of initiatory funds after 3 years of establishment without reaching 200 million yuan, and level the exit threshold for sponsored funds with general funds. This has positive significance for products that meet regulatory guidelines but require long-term cultivation, such as pension FOF and partial equity products.

The Securities Regulatory Commission today issued the “Administrative Measures on the Operation of Publicly Raised Securities Investment Funds” and publicly solicited comments from the public. Revise and optimize the exit requirements for initiated funds, remove the special provision for compulsory liquidation of initiatory funds after 3 years of establishment without reaching 200 million yuan, and level the exit threshold for sponsored funds with general funds. This has positive significance for products that meet regulatory guidelines but require long-term cultivation, such as pension FOF and partial equity products.