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Fund renewal

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发表于 2018-9-27 15:36:02 | 显示全部楼层 |阅读模式
The renewal of the fund refers to the expiration of the operation period stipulated in the original contract of the closed-end fund. The fund manager and the custodian agree that it is necessary to continue the fund investment and operation activities. According to the legal procedures, the fund contract will be extended according to a certain period of time or according to the original deadline. Continue the situation of the first period.

Fund renewal content

Article 66 of the Securities Investment Fund Law stipulates that an extension of a closed-end fund shall meet the following conditions:
1 The fund's operating performance is good;
2 The fund manager has not received administrative punishment or criminal punishment for violations of laws and regulations in the past two years;
3 The fund share holders' resolution was passed;
4 The conditions of other conditions stipulated in this Law shall be approved by the securities regulatory authority under the State Council.

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