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The China Foundation Association launched on-site inspections of some private equity managers

On June 6, the reporter learned that a private equity manager recently received a notice from the China Securities Investment Fund Industry Association, saying that the association decided to start on-site inspections of relevant institutions in June 2024. Relevant institutions need to make preparations and provide necessary working conditions. The notice said that during the inspection period, the relevant person in charge and staff of the institution should arrange time reasonably to ensure that they are on duty to cooperate with the inspection. The association will decide whether to conduct extended inspections according to the on-site inspection. If it involves institutions and personnel such as affiliated institutions, cooperative institutions, external institutions, etc., the institution needs to coordinate the above institutions to provide materials and interview relevant personnel. In the case of refusal or non-cooperation with the inspection, the association will take self-regulatory measures according to law.