On Perfection Of Legal System Of Information Disclosure Of Listed Companies

Information disclosure of listed companies the legal system is the core of the securities market legal system, its sound operation and maintenance of the securitiesMarket, "Three Opens" principle that States securities legislation and practice focus. Therefore, this paper based on the research scholars combination of science, try the legal system of information disclosure of listed companies a systematic understanding and analysis, further improve the information disclosure of listed companies the legal system response. Text is divided into four parts:The first part of the information disclosure of listed companies is an overview of the legal system. First, information disclosure of listed companies reviewed the history of the legal system, in the history of the gradual process of development and improvement of information disclosure summarized the concept of the legal system. By a general description of their classification, and further disclosure familiar connotation and extension of the legal system. Then, from the perspective of law and economics, information disclosure of listed companies the legal system there is a reasonable basis for theory, mainly contract theory, public goods theory and efficient market theory.The second part of the information disclosure of listed companies' code of conduct. Based on the characteristics of legal norms, the author will be information disclosure of listed companies will be divided into legal norms and legal consequences of behavior and separate the two discussed. This section focuses on the legal system of information disclosure patterns of behavior. First clear the contents of information disclosure norms, and then found the information from the legal code of conduct standards should be followed. Final inspection of the status quo of China's information disclosure system to discuss our problems in this, in order to propose targeted the behind to improvements in togging basis.The third part is the information disclosure of listed companies the legal liability system. Securities Law of Civil Liability for the Construction of its constituent elements has a basic significance. I According to the particularity of civil liability on the securities market, in its emphasis of Elements in different places and the general civil liability. Subsequently, the analysis of information disclosure of listed companies in China the status of civil liability system, to achieve certain results in the same time there are still some problems.The fourth part is the Information Disclosure of Listed Companies in China's legal system countermeasures. First of a sound legal system information disclosure of listed companies need, and then the second and third chapters summarized the problem by improving the measures. If the legal system to improve information disclosure, but simply rely on its hard to achieve the desired effects, so also should strengthen the construction of the related systems, such as the regulatory legal system building.Based on previous research results, combined with the study of information disclosure of listed companies outlined in the legal system and legal system of complete disclosure, would like information disclosure of listed companies improve the legal system so modest.