Date of Release: April 25, 2016
On April 23, 2016, the National Unified Fund Practitioners Qualification Examination which had attracted extensive attention from various sectors was held successfully in 48 cities across China. ATA Online provided computer-based testing services throughout the testing process ranging from testing technology, test site deployment, test delivery, test site monitoring, to test result processing and data analysis.
The Notice on Further Standardizing the Registration of Private Equity Fund Managers (the Notice) released by the Asset Management Association of China (AMAC) on February 5, 2016 has specified the relevant qualification requirements for senior executives to engage in the private equity fund management. According to the Notice, senior executives of private equity fund management can obtain the qualification in four ways, one of which is to attend the Fund Practitioners Qualification Examination which includes two parts, namely, Fund-related Laws and Regulations, Professional Ethics and Standards of Practice, and Basic Knowledge of Securities Investment Fund.
Since its release, the Notice has attracted wide attention from the industry and received active echoes from senior executives of various private equity fund managers and fund practitioners concerned, some of whom are big shots in private equity fund, business and entertainment. As the number of candidates this year skyrockets, ATA, as the organizer of the examination, has made full preparations for it: to provide the best services to every candidate but keep the registration open without limitation on the number of candidates.
The said Examination is an entrance examination for the fund industry, which mainly requires the practitioners to have a good command of the basic laws and regulations, professional ethics as well as the professional knowledge and skills that they should know and grasp. According to Article 9 of the Fund-related Laws and Regulations, Professional Ethics and Standards of Practice, fund practitioners should be qualified for the industry, abide by the relevant laws and administrative regulations, hold to professional ethics and codes of conduct. The Examination and its management mechanism are playing an increasingly important role in guiding fund practitioners in learning and observing laws and regulations, improving their professional skills and compliance capabilities for managing fund, guaranteeing the service quality and level of fund, and creating the continuous integrity record in the industry based on personal value.
Since the kicked off the Fund Practitioners Qualification Examination in September 2015, AMAC has successfully held three unified exams covering 48 cities across the country and three reservation exams in four cities, namely, Beijing, Shanghai, Guangzhou and Shenzhen, in all of which people from the industry and various social sectors have got themselves actively involved.
To adapt to industry development and the needs of talent reserve, AMAC will further improve and optimize the forms of the Examination and setting of the subjects, enrich the subjects of the Examination, provide a variety of testing services, thus meeting the needs of the industry to the maximum degree. I. Actively organize the examination outline and textbooks for private equity investment fund (including venture investment fund) to lay a foundation for launching the qualification examination for practitioners in private equity investment fund (including venture investment fund) as early as possible; II. in addition to the planned unified examination in 48 cities nationwide, expand the reservation examination to 16 cities; III. Increase the frequency of the examination and launch weekly reservation examination for senior management; IV. Accelerate the pace of upgrading the fund practitioners’ remote training system to provide them with a convenient platform of continuous training.
At present, AMAC is engaging in the reform of the examination system and test preparations. It is expected that the weekly reservation examination for senior management will be launched in mid- and late-May. Please visit www.amac.org.cn for more specific information. To standardize the development of the industry and better serve candidates, ATA, as the organizer of the examination, will join AMAC in optimizing and making innovations in technology, service, organization and delivery so as to create incomparable experiences and the best testing services.
(If there is any inconsistency or conflict between the English and Chinese version, the Chinese version shall prevail.)