欧盟《另类投资基金管理人指令》关于私募基金规制的许多制度值得我国借鉴:一是对包括私募基金在内的所有另类投资产品予以规制的共同制度,这主要包括基金管理人的资格规定、基金管理人的销售行为规制以及相互认证销售的欧盟“相互认证制度”、营业行为规制制度、对代理和托管的规制、信息披露规制以及对杠杆行为的规制;二是对私募基金的特别规制制度,这主要包括报告股份比例、报告控股权事实、披露获取控股权的信息、在年度报告中披露实施控制权的信息以及对损害行为的规制等。 The EU’s “Alternative Investment Fund Manager” Directive on the regulation of private equity funds many of the systems we should learn from: First, including private equity funds, including all alternative investment products to regulate the common system, which include the fund manager’s eligibility requirements, the Fund Management of the sales behavior of the mutual certification and sales and certification of the European Union “mutual authentication system ”, business rules of conduct system, the agency and custody regulation, information disclosure regulation and regulation of leverage; second is the special regulation of private equity funds System, which mainly includes reporting the proportion of shares, reporting the controlling shareholder’s facts, disclosing the information on acquiring the controlling shareholder, disclosing the information on controlling rights in the annual report and regulating the damage behaviors.