私募基金质押的适格性探讨

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我国现行法律之间对于私募基金质押尚无统一明确规定,使得私募基金份额质押在实务操作中面临诸多不确定性。如私募基金份额是否为法定可质押标的,其是否属于《物权法》第223条可质押权利中的“可转让的基金份额”?私募基金份额的质押应采用何种方式,是采用“交付生效”方式设立质押还是采用“登记生效”方式设立质押?私募基金质押登记机构是中国证券登记结算公司、中国证券投资基金业协会还是工商行政管理部门?私募基金份额质押权在实现过程中会遇到哪些障碍?本文通过分析《物权法》等法律的相关规定,对私募基金质押过程中面临的适格性风险进行了梳理和辨析,提出了相应的对策建议。 There is no uniform and explicit stipulation for the pledge of the private equity fund in our country’s current law, which makes the pledge of the private equity fund share a lot of uncertainties in the practical operation. Such as private equity fund is the legal pledge of the subject, whether it belongs to the “property law” of the pledge of rights in the 223 “transferable fund ” Private equity fund pledge should be used in what way is the use of “ Delivery effective ”way to set up a pledge or adopt the“ registration effective ”approach to the establishment of pledges Private equity pledge registration agencies are China Securities Depository and Clearing Corporation, China Securities Investment Fund Association or the administration for industry and commerce? Private equity pledge in the realization of What barriers will be encountered in the process? By analyzing the relevant provisions of the “Property Law” and other laws, this paper sorts out and differentiates the risk of eligibility faced by the pledges of private equity funds, and puts forward corresponding countermeasures and suggestions.
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