Self-regulation Of The Stock Exchange

Stock exchange is a special economic structure in modern market economy systems, it is of great importance to develop a country's economy. So if it operates well or bad, it will have direct impact on the development of economy. So it is important to strengthen the regulation of securities market. The regulation of securities market includes government regulation and self-regulation, we have done lots of research about the government regulation for a long time, but few on the self-regulation. The stock exchange is a direct joiner of securities market, the other supervision can not replace its self-regulation. For knowing self-regulation deeply, the essay uses the knowledge of law to do some research on stock exchange' self-regulation.There are 30,000 words in all and the essay is divided into four parts.Chapter one is the basic theories of self-regulation. The research on the origin consists of 3 parts. The research on the characters consists of 4 parts, and the origin of the legal basis of the self-regulation is mainly the contract.Chapter two is the reason why the stock exchange' self-regulation exist. because of government regulation' ineffective , stock exchange must strengthen its self-regulation, and self-regulation is still not enough to be strengthened with the government regulation' ineffective. The key is that stock exchange has some advantage which government doesn't have. The stock exchange will operates it self-regulation well with these advantages.Chapter three is the condition and problems of my country's self -regulation on securities market. It introduce the new rules on the new securities law, mainly include new law confirm the position of the stock exchange's self-regulation and give it more supervision power. But in reality self-regulation is not good, between government regulation and self-regulation have not an effective system, because government takes more responsibility which it has not. And the drawbacks of stock exchange' self-regulation also cause some problems.Chapter four is how to consummate the stock exchange' self-regulation. Because self-regulation doesn't operate well, it is necessary to strengthen the self-regulation. It has five suggestions: building a good competition system, let it build a effective self-regulation and speed its development; Building a harmony relationship between the government and stock exchange, it will makes a effective regulation system between them, let them operates much better; The stock exchange changes into a company mode, it suits the globe economy development, this mode will make its responsibilities more reality; building a good legal system, it will cares the authority of the stock exchange, it will solve controversy which don't need litigation; The stock exchange have a self-construction for a legal basis of self-regulation.