会员政策
1. Membership Structure
1.1 Purpose
A key purpose of the COPFA is to elevate the standards and reputation of Chinese private funds through education, engagement and data sharing. As a super connector between Chinese managers and the international market, we collaborate with various external industry associations to strengthen industry-wide collaborations. We support facts-based analysis and insights. We are the voice and advocate of the Chinese overseas private fund industry.
1.2 Categories of Membership
A. Ordinary Members （普通会员）
B. Associate Members （附属会员）
C. Individual Members （个人会员）
D. Other Members （其他会员）
A. Ordinary Members
Admission to the category of Ordinary Member may be made by an applicant who, at time of the application, is a fund management company engaging in overseas private fund management business, holds a fund management license or is subject to respective supervision (e.g. by the Securities and Futures Commission or the Monetary Authority of Singapore) in the jurisdiction which is recognised by COPFA directors.
A fund management company who is interested in establishing a private fund business overseas or is in the process of obtaining the relevant license may be admitted as an Ordinary Member at the discretion of the Exco.
Ordinary Members can be appointed to the Exco or other COPFA working groups.
Ordinary Members will be able to participate in COPFA activities.
B. Associate Members
Admission to the category of Associate Members may be made by an applicant who is an institution other than a fund management company, supporting the Chinese Overseas Private Fund industry, such as professional and consultancy firms.
It is expected that Associate Members engage in business which is associated with investment funds, in particular within the private overseas fund industry.
Associate Members can be appointed to the Exco or other sub-committees.
Associate Members will be able to participate in COPFA activities.
C. Individual Members
Admission to the category of Ordinary Member may be made by an applicant who, at time of the application, is a fund management company engaging in overseas private fund management business, holds a fund management license or is subject to respective supervision (e.g. by the Securities and Futures Commission or the Monetary Authority of Singapore) in the jurisdiction which is recognised by COPFA directors, or an institution other than a fund management company, supporting the Chinese Overseas Private Fund industry, such as professional and consultancy firms.
Individual members are natural persons who are joining at their individual rather than corporate capacity. Admission to the category of Individual Member will be approved by the directors of COPFA at their discretion.
Individual Members can be appointed to the Exco or other COPFA working groups.
Individual Members will be able to participate in COPFA activities.
D. Other Members
Admission to the category of Other Member may be made by an applicant who, at time of the application, who does not fit in any category above, including and not limited to allocators and investors who are either corporate or individuals.
Admission to the category of Other Member will be approved by the directors of COPFA at their discretion.
Other Members can be appointed to the Exco or other COPFA working groups.
Other Members will be able to participate in COPFA activities.
1.3 Administration
Membership matters will be administered by a sub-committee appointed by the COPFA board on such terms or reference as decided by the COPFA board from time to time. Appointees to this Membership Sub-Committee must be Ordinary Members and include a majority of members on the Exco.
COPFA reserves the right and in its sole discretion to:
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determine the number of Members in COPFA;
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accept or reject (without providing reasons) an applicant’s Membership application;
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amend or withdraw any terms, conditions, and privileges of the Membership (including the terms in this Membership Policy) without prior notice; and
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amend, withdraw or substitute any rewards or benefits of Membership for any category of Members without prior notice.
1.4 Annual Renewal
Membership is renewable annually in January on payment of the required fee. At the time of every annual renewal, members by payment thereby agree to comply with the prevailing Code of Conduct.
1.5 Membership Fees
Membership fees will be set by Exco from time to time.
Fees are payable in advance.Failure to pay fees within three months of the due date will result in suspension or termination of membership; to be decided by Exco.
1.6 Website Text
In order to ensure consistency with this policy, the text on the membership section of the website should read:
Ordinary Membership in COPFA is for institution who engages in private fund management activities outside the mainland, typically investment managers who have obtained the relevant license or subject to the supervision by the jurisdiction (e.g. the Securities and Futures Commission or the Monetary Authority of Singapore).
Associate Membership in COPFA is for institutions other than a fund management company that supports the Chinese Overseas Private Fund industry, such as professional and consultancy firms.
Individual membership in COPFA is for individuals who are natural persons joining at their individual rather than corporate capacity, including individuals who are engaging in private fund management activities or individuals who provide services for the private fund industry.
Other membership in COPFA is for individuals/ institutions who does not fit in any category above, including and not limited to allocators and investors.
All categories of membership will have access to COPFA events and networking sessions.
To find out more, contact us at info@copfa.org
To apply for membership online, click here.
2. New Member Recruiting
2.1 Responsibility
The Membership Sub-Committee will be responsible for recruiting new COPFA members based on targets and criteria agreed with the Exco.
2.2 Promotion
Exco members will promote membership through their own connections, social media and related organisations following agreed texts and templates.
2.3 Vetting and Categorisation
The Membership Sub-Committee will review all applications and determine whether to accept and to which category of membership the applicant should be assigned, for confirmation by Exco.
2.4 Oversight
The Membership Sub-Committee will provide a monthly report to the Executive Committee on new member details and overall membership statistics.
2.5 Display
All member names will be posted on the COPFA website, subject to member consent. New members will be added quarterly.
All exco member photographs, LinkedIn profiles or biographies (if available) will be posted on the COPFA website.
2.6 Data Protection
By submitting his/her personal data to COPFA, the Member or the Membership applicant (as the case may be) consents to COPFA collecting, using and/or disclosing his/her personal data in accordance with COPFA’s Privacy Policy (available here) [Note: COPFA Policy to be written and posted on website].
3. Termination of Membership
3.1 Reasons
COPFA may suspend or terminate a Membership of any Member by giving seven (7) calendar days’ notice if the following applies to the Member:
a) if the Member has not paid the Membership Fees prescribed for the respective category of Membership or other dues no later than three months after the date of expiry of the Membership;
b) if the Member is in material breach of any Code of Conduct as determined by Exco; or
c) if the Exco or Membership Sub-Committee determines that there are reasonable grounds to terminate the Membership of the Member.
3.2 Fees
Membership Fees shall not be refunded if Membership is terminated or suspended for whatever reason before the expiry of a Membership term.
3.1 Cessation of Benefits
If a Member’s Membership is terminated or suspended, the Member shall cease to enjoy any benefits of the Membership.