Legal basis: Announcement on Further Standardizing the Registration of Private Equity Fund Managers Article 4 All kinds of private equity fund managers engaged in private equity fund business, including their senior managers (including legal representatives/executive partners (appointed representatives), general managers, deputy general managers, compliance/risk control leaders, etc. ) should have the qualification of fund practice. All kinds of private fund managers engaged in non-private securities investment fund business shall have at least two senior executives who have obtained the qualification of fund practice, and their legal representatives/managing partners (appointed representatives) and compliance/risk control leaders shall have obtained the qualification of fund practice. The person in charge of compliance/risk control of various private equity fund managers shall not engage in investment business.