Hong Lei, president of China Fund Industry Association, attended the press conference of China Securities Regulatory Commission and answered questions on private fund management institutions that did not participate in the exhibition. Hong Lei said that in view of the objective situation of slow progress in the understanding and implementation of the announcement by relevant institutions in the early stage, the association will appropriately postpone the processing time according to the actual situation. Relevant institutions can still continue to handle related businesses through the private equity fund registration and filing system. However, if such institutions still fail to pass legal opinions and complete the filing of the first private fund product before August 20 16 1, China Fund Industry Association will cancel the registration of its private fund manager at that time. According to preliminary statistics and calculations, as of April 28th, there were 20 18 private fund managers who had registered/kloc-0 for two months before the announcement date, that is, February 5th this year, and had neither submitted legal opinions nor applied for filing the first private fund product before May 5th, 12065438. Their private fund manager registration will be cancelled according to the announcement requirements. There are 520 private fund managers who have registered for 65,438+02 months before February 5 this year and submitted legal opinions before May 65,438+0, 2065,438+06, and 639 private fund managers have submitted applications for filing private fund products for the first time. Hong Lei said that in view of the objective situation of slow progress in the understanding and implementation of the announcement by relevant institutions in the early stage, the association will appropriately postpone the processing time according to the actual situation. Relevant institutions can still continue to handle related businesses through the private equity fund registration and filing system. However, if such institutions still fail to pass legal opinions and complete the filing of the first private fund product before August 20 16 1, China Fund Industry Association will cancel the registration of its private fund manager at that time. What needs special reminder is that canceling the registration of an institution without exhibition industry within the prescribed time limit is not a self-disciplinary punishment, nor does it affect the institution's re-application for registration in the future. There is no need for private equity institutions to "protect the shell". Self-discipline management of private equity funds is a continuous process. According to the Measures for the Registration and Fund Filing of Private Equity Fund Managers, the Announcement and the relevant provisions of the Fund Industry Association, if the registered private equity fund managers fail to fulfill their quarterly, annual and major information reporting and updating obligations on time, the association will suspend accepting the application for product filing of the institution; Those who fail to fulfill the obligation to submit information twice, fail to submit the audited annual financial report on time or are listed in the public list of enterprises with serious violations of the enterprise credit information publicity system will be listed in the list of abnormal institutions and publicized. Once it is publicized as an abnormal institution, it will take at least 6 months to restore the normal institution publicity status even after the rectification is completed.