〈Application to engage in private placement of offshore funds〉
Article 39
When a securities enterprise intends to act as the local mandated agent of an
offshore fund institution and conduct private placement to specified
counterparties (hereinafter referred to as “offshore fund private placement
business”), the securities enterprise shall apply to the Bank for approval by
submitting documents provided in Article 7 herein, and in addition, the
following documents:
1.A statement to comply with the provisions in Article 52 of the “Regulations
Governing Offshore Funds”. Such statement is not required if the
counterparties are entities provided in Subparagraph 1, Paragraph 1, Article
52 of the Regulations.
2.Business plan (including business profile, primary information of the offshore
fund, operating process and receipt/payment procedure).