Research On Regulation On Conflicts Of Interests In Securities Investment Fund

As the consequence of deeply innovative development of securities market, the securities investment funds take a critical role in the process of efficiently capital allocation. With the investors gradually losing day-to-day discretionary control over the assets, it appears that their legitimate right is hardly to be protected under the civil regime at present. In addition, under the trends of the operation of the securities investment funds being more complicated, the issue of conflicts of interests is evolving towards worse and more concealed. So it is urgent to launch regulation on those potential conflicts of interests which occurs during the process of the securities investment funds.Regulation does not only aim to support remedy, but more important to afford prevention in advance and to completely remove the motive which gives rise to conflicts of interests. Under the undesirable fact at present that the regulation in our country does not function as expected and the object and the principle of the regulation is not clear, this article efforts to support theoretically and pragmatically the resource of regulation to be allocated efficiently, by research on conflicts of interests from the perspective both of the interactive relationship between regulation and foundation civil law and of loyal duty of the trust.