Study On The Supervision System Of Private Equity Investment Funds

Since the2008Financial Crisis, Private Equity Investment Fund is paid attention by allkinds of investors. Although the phenomenon, such as illegal fund-raising, enterprisebankruptcy leading the investors to suffering large amount of damage, the investors still didnot lose the enthusiasm for Private Equity Investment Funds. As Private Equity InvestmentFunds carried on like a raging fire, state regulators began thinking about the supervision of theequity funds access. Law, as one of the national macroeconomic regulation and control ways,began to make functions of adjusting and regulation in Private Equity Investment Funds. Infact, Chinese relevant departments have tried to make law on Private Equity InvestmentFunds separately, but in reality it was proved not successful. Securities Investment Fund Lawin2009began to be revised, Private Equity Investment Fund received the great attention ofthe lawmaker. The new Securities Investment Fund Law made the related regulations in itschapter3, chapter10, chapter11, chapter12and chapter13. However, those regulations,which caused a heated discussion of academic and practical departments, all kinds of viewsare presented. The provisions on the access regulation of the new Securities Investment FundLaw is not perfect, so it is necessary for us to make suggestions to facilitate the healthydevelopment of private equity funds.Based on the analysis of the basic questions of Private Equity Investment Funds and thesupervision of its access, combining with the foreign experience of the supervision system ofthe private equity investment funds access, some relevant suggestions will be put forward toimprove and perfect Securities Investment Funds Law on supervision of the private equityinvestment funds access.In addition to the preface and epilegue, the text is divided into four parts:The first part introduces the basic question of Private Equity Investment Funds and thesupervision of its access, and the questions of the supervision of its access in the operation,distinguishes the legal connotation of Private Equity Investment Funds, analyzes and definesthe connotation of supervision of the equity funds access.The second part analyzes the questions of Private Investment Equity Funds in ourcountry, mainly include narrow investors, not establishing a feasible system of thesupervision body, absence of Funds Manger and imperfect legal norms.The third part introduces united states, the representative of the model “self-regulatory under legal restraint”, United Kingdom, the representative of the model “the supervision offunds industry itself”, Japan, the representative of the model “strict government supervision”,and interprets its contents of the access of Private Equity Investment Funds, providingreference for improving “Securities Investment Funds Law”.The fourth part some suggestions is put forword to improve and perfect Private EquityInvestment Funds on supervision of the private equity investment funds access, focusing onseting up the concept of the supervision access, the qualified investors, access to supervisionagencies, funds managers and sponsors, funds custodians, intermediaries accessstandards,and the corresponding credit system.