睿银泛德私募基金被责令改正，涉未建立关联交易管理制度等

Group 1 - The core issue identified by the Shandong Securities Regulatory Bureau is the lack of an associated transaction management system at Ruiyin Pandef Private Fund Management (Shandong) Co., Ltd [1] - The company failed to disclose associated transactions as required by regulations and contractual agreements [1] - The firm engaged in borrowing financing intermediary services without timely reporting and regularly updating information about the management and its personnel [1] Group 2 - The Shandong Securities Regulatory Bureau has decided to impose corrective administrative measures on Ruiyin Pandef Private Fund Management (Shandong) Co., Ltd [1] - The violations are in breach of several regulations, including the "Regulations on the Supervision and Administration of Private Investment Funds" and related guidelines [1] - The corrective measures will be recorded in the securities and futures market integrity database [1]