Core Viewpoint - The introduction of a "mandatory cancellation" channel for private fund practitioners by the Asset Management Association of China (AMAC) addresses the long-standing issue of difficulty in canceling professional qualifications after leaving a job, enhancing the protection of practitioners' rights and interests in the industry [1][2][4]. Group 1: Background and Issues - The difficulty in canceling professional qualifications has been a significant issue for private fund practitioners who change jobs, often leading to delays of one to two years due to the original institution's approval process [3][4]. - The existing regulations required the original institution to process cancellation requests within five working days, but this was often not adhered to, causing practitioners to face challenges in their employment transitions [3][4]. Group 2: New Regulations - AMAC has officially launched an online "mandatory cancellation" feature, allowing eligible private fund practitioners to apply for qualification cancellation directly, bypassing the original institution's approval if it is not processed in a timely manner [4][5]. - To qualify for this new process, applicants must have left their original institution for at least six months, and there must be no pending issues regarding their cancellation request [5]. Group 3: Implications for the Industry - This new regulation is expected to enhance the mobility of talent within the private fund industry, as it reduces the barriers associated with qualification cancellation, thereby promoting a more competitive and fair environment [8]. - The move is anticipated to compel private fund institutions to improve their internal management practices, including enhancing work environments and compensation structures to retain talent [8].