Measures of Shenzhen Municipality on the Supervision and Administration of Owners' Mutual Funds

Legal analysis: Article 1 In order to standardize the supervision and management of property management activities of owners with funds in Shenzhen and safeguard the legitimate rights and interests of owners, these Measures are formulated in accordance with the Regulations on Property Management of Shenzhen Special Economic Zone (hereinafter referred to as the Regulations) and other relevant laws and regulations, and in light of the actual situation.

Article 2 These Measures shall apply to the use and management of owners' own funds in property management activities within the administrative area of Shenzhen.

Article 3 The funds jointly owned by owners refer to the funds jointly owned by all owners in the property management area according to the provisions of Article 70 of the Regulations.

Article 4 The municipal housing and construction department is responsible for formulating the model text of the Measures for the Administration of the Use of Owner-owned Property and Owner-owned Funds, establishing a property management information platform, and guiding the district housing and construction department to supervise and manage the disclosure of owner-owned funds. The district housing and construction department is responsible for supervising the disclosure of the owner's fund account information in the property management area within its jurisdiction and carrying out administrative law enforcement work. Sub-district offices are responsible for guiding the owners' congress to implement these measures, guiding the daily use and management of owners' own funds within their respective jurisdictions, and organizing the audit of the income and expenditure of owners' own funds in accordance with the provisions of Article 20 of these measures.

Article 5 The account-opening unit of the fund owner * * * (hereinafter referred to as the account-opening unit) is responsible for the management of the fund owner * * *, disclosing the financial data and information of the account according to the regulations, and entrusting it to enjoy the large-sum fund transfer under the supervision of the bank. Data * * * enjoys the supervision obligation of our bank on large-sum fund transfer in accordance with the Regulations, the Measures and the provisions of this contract.

Article 6 The owners, the owners' committee, the board of supervisors or the supervisors shall supervise the owners' funds in accordance with the Regulations and these Measures.

Legal basis: Measures for the Supervision and Management of Owners' Funds in Shenzhen Article 1 In order to standardize the supervision and management of owners' funds in property management activities in our city and safeguard the legitimate rights and interests of owners, our bureau has formulated the Measures for the Supervision and Management of Owners' Funds in Shenzhen, which are hereby issued, please follow them.