Regulations Governing Offshore Funds Article 27-3

If any of the following circumstances exists with respect to a master agent's filing for an offshore fund offering and sale case, the FSC may suspend its filing from becoming effectively registered:1. The filing documents are incomplete or the required information is not fully furnished.2. An event under Article 32 occurs.3. The FSC considers suspension necessary to protect the public interest.Beginning from the date on which the master agent is served notice of suspension of the filing for effective registration, it may submit supplementation addressing the reasons for suspension of the filing for effective registration and apply for lifting of the suspension. If the FSC does not further notify it to submit supplementation or reject its case, the registration shall become effective upon the expiration of the effective registration period set out in paragraph 2 of the preceding article, counting inclusively from the date on which the FSC receives the supplementary documentation.After the master agent's filing for effective registration is suspended by the FSC under paragraph 1, if within 12 business days, counting inclusively from the date on which it receives the written notice of suspension, the master agent does not apply for lifting of the suspension in accordance with the preceding paragraph or it applies for lifting of the suspension but the reasons for the original suspension still exist, the FSC may reject its case.
中文原文 境外基金管理辦法第27-3條
總代理人申報境外基金募集及銷售案件,有下列情形之一者,本會得停止其申報發生效力:
一、申報書件不完備或應記載事項不充分。
二、有第三十二條規定之情事。
三、本會為保護公益認有必要。
總代理人於停止申報生效通知送達日起,得就停止申報生效之原因提出補正,申請解除停止申報生效。
如未再經本會通知補正或退回案件,自本會收到補正書件即日起屆滿前條第二項規定之申報生效期間生效。
總代理人經本會依第一項規定停止其申報生效後,自停止申報生效函送達即日起屆滿十二個營業日,未依前項規定申請解除停止申報生效,或雖提出解除申請而仍有原停止申報生效之原因者,本會得退回其案件。

English translation for reference only; the Chinese text prevails. Not legal advice.