Page:Circular of the People's Bank of China and the State Administration of Foreign Exchange on the Management of Domestic Securities Investment by RMB Qualified Foreign Institutional Investors.pdf/8

 for the RMB qualified investor, based on the RMB qualified investor's written application or instruction, special audit report on returns on investment issued by Chinese certified accountants, and tax clearance or tax record filing certificates, if any.

In the case of liquidation (including product liquidation), the custodian may handle the outward remittance of relevant funds and close the account for the RMB qualified investor, in accordance with the investor's written application or instruction, the special audit report on returns on investment issued by a Chinese certified public accountant, and tax clearance or tax filing certificates.

XIX. A custodian, when handling inward and outward remittances for an RMB qualified investor, shall conduct the authenticity and compliance review of related receipts and payments, and perform its obligations of anti-money laundering and anti-terrorism.

XX. An RMB qualified investor shall go through information registration for market participants in the capital account information system via its main custodian within 10 working days since it obtains the investment quota for the first time. The main custodian shall apply to the local foreign exchange authority for a special institution code and register the information of the market participant on behalf of the RMB qualified investor. Those that have obtained the special institution code in going through other cross-border or foreign exchange receipts and payments need not apply again.

Any custodian shall report the regulation and statistical data of the RMB qualified investor in accordance with the Circular of the State Administration of Foreign Exchange on Adjusting the Ways of Data Reporting for QFIIs (Huifa No. 45 [2015]).

XXI. Where one of the following circumstances occurs to an RMB qualified investor, the main custodian shall apply to the SAFE for alteration registration within 5 working days:


 * 1) Major information of the RMB qualified investor such as its name and custodian changes.
 * 2) Other circumstances prescribed by the PBOC and SAFE.

In case of the change of the main custodian, the new main custodian shall go through