Study On Ligal Issue In International Security Over The Counter Market

Security over the counter is based on appearance of security and development of security market. The appearance of OTC (Over the Counter) is adapted to the dealing of worthy security. Because of the increase in types and scale about security and development of security market, stock exchange was produced. But the merely stock exchange can't satisfy the need of multi-types exchange .OTC is playing an important role in this.Research with contrast is used in this article. Legal system of OTC in such foreign countries as American, Japan gives the reference to the research. At the same time, the practice and legislation of Chinese OTC are helpful to my research.It includes four parts in this article: the first is about the development, implication, exchange and exchange procedure. The second mostly analyze the development of OTC and legislative supervision of some developed countries. The third introduce the development, legislative practice and existed problems of our country and contrast between china and above countries. The forth is the emphasis of this article. It analyzes the necessity of establishment of our new OTC market. It provides some suggestion about establishment and amendment to our supervision system and supervision regulation and Security law. I hope this will be beneficial to the perfection of capital market system.