China Net Finance, July 7 (Reporter Zhang Mingjiang) Today (July 7), the website of the Tibet Securities Regulatory Bureau issued a decision to order the Magpie Wealth Fund Sales Co., Ltd. to suspend related businesses for 6 months.
The following is the specific content:
About Magpie Wealth Fund Sales Co., Ltd.
Take a decision to order the suspension of the relevant business
Magpie Wealth Fund Sales Co., Ltd.:
After verification, your company has the following problems:
1. Operation and Management
One is failing to renew the license from the China Securities Regulatory Commission within 5 working days from the date when the items recorded in the business license (legal representative) are changed; the other is that Zhang Jian, the former general manager, worked as a manager in Beijing Rongwei Tongda Technology Co., Ltd. during his tenure. (Leaving in March 2022), and did not file with our bureau; third, in December 2021 and January 2022, 18 and 17 of the incumbents obtained fund qualifications respectively, which were lower than the statutory requirements and did not report to us. Fourth, some personnel in the marketing department and information technology department have not obtained the qualifications for fund practitioners.
2. Internal control
First, the former chairman resigned and no exit audit was carried out; second, the private equity fund products were sold without the compliance and risk control personnel issuing a special compliance and risk assessment report on the private equity fund sales access; third, the sales The person in charge and compliance risk control personnel did not conduct internal compliance review on the fund promotion and recommendation materials used for sales, and did not issue compliance review opinions; fourth, no supervision and audit were conducted in 2021 and a report was formed.
3. Information technology
First, there is no chief information officer; second, the personnel in key positions are not regularly organized to carry out emergency drills according to the emergency plan; third, the disaster backup system has not been established; fourth, the effectiveness assessment of the risk monitoring mechanism and its implementation has not been carried out.The above acts violate Articles 16, 26, 29, 30, 36, Articles 47 and 51; Articles 10, 15, 39 and 41 of the Measures for the Information Technology Management of Securities and Fund Operating Institutions (Order No. 179 of the China Securities Regulatory Commission); "Regulations on Implementing the Measures for the Supervision and Administration of Sales Institutions of Publicly Offered Securities Investment Funds" (CSRC Announcement [2020] No. 58) "Five", "Seventeen" and "Eighteen"; Article 4 of the Guidelines for the Contents of Review Reports (Announcement [2020] of the China Securities Regulatory Commission No. 20); Paragraph 3 of Article 16 of the Interim Provisions on the Administration of Publicity and Promotion Materials for Publicly Offered Securities Investment Funds (Announcement of the China Securities Regulatory Commission [2020] No. 59).
According to Article 53 of the "Measures for the Supervision and Administration of Sales Institutions of Publicly Offered Securities Investment Funds", our bureau has decided to take supervision and administration measures against your company by ordering it to suspend the relevant business for 6 months.If you are not satisfied with these supervisory and administrative measures, you may file an administrative reconsideration application with the China Securities Regulatory Commission within 60 days from the date of receipt of this decision, or you may file an application with the competent people within 6 months from the date of receipt of this decision. Court proceedings.During the period of reconsideration and litigation, the above-mentioned supervision and management measures will not cease to be implemented.
Tibet Securities Regulatory Bureau
