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A Research On The Regulatory System Of Paperless Securities

Posted on:2013-11-10Degree:MasterType:Thesis
Country:ChinaCandidate:X C GongFull Text:PDF
GTID:2296330362463900Subject:Civil and Commercial Law
Abstract/Summary:PDF Full Text Request
Asset securitization market in the Internet age in a paperless virtual environment, in thelisted securities issuers and transaction settlement process, there will always be a securitiesinformation asymmetry and information disclosure is not enough to happen. In the process ofinformation transmission, there may be a bad insider trading, operation of the market situationhas seriously affected the stable and healthy development of the paperless securities market,paperless securities market regulation facing great challenges. Securities trading practice duesto the particularity of the paperless securities rights and interests of the carrier is not only inaccordance with the Companies Act, the "Securities Act" and "Negotiable Instruments" andother traditional securities specification, but also to comply with the relevant laws andregulations of e-commerce. Through analysis and research on the economic reality and thetheory of the securities industry, I hope to play a certain role in promoting the improvement ofChina’s securities regulatory regime. This study will adopt comparative analysis of law andeconomics, empirical analysis, and comparative analysis of the study do own some modest topromote the healthy development of the paperless securities market in China.This study on the basis of describing the basic theory of the paperless securitiesregulators made detailed analysis of the U.S., EU and international securities regulatoryorganizations already have specific regulatory system, and combined with the U. S. and theEU some new financial regulatory reform in the last couple of years after the financial crisisto grasp its value orientation and reform movements. Then I hoped that suggests changedregulatory philosophy, constantly improve the relevant legislation of paperless securitiesregulators, hope that by updating the paperless securities regulatory measures, timely andeffective response to the security risks of the securities trading system, while continue tostrengthen investor protection efforts, correct securities regulatory regime to be biasedtowards the regulation of administrative responsibility, improve oversight mechanisms of justice in civil liability and administrative responsibility and criminal liability, to build China’sfinancial regulatory agencies and international securities and financial regulatory agenciesbetween information sharing and cooperation mechanisms, in hopes of deepening the study ofour paperless securities regulatory regime and securities laws perfection beneficial to promoteChina’s securities and financial markets has a standardization, legalization, internationalmoving.
Keywords/Search Tags:Paperless securities, Regulatory regime, Financial reform, Regulation Conception, Investor Protection
PDF Full Text Request
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