Study On The System Of Securities Execution Settlement

Securities execution settlement was born in mature offshore securities market, as a fair and efficient securities regulatory means, it has been recognized by more and more countries worldwide. In recent years, with the continuous development of China’s securities market in transition, the introduction of a settlement mechanism has become an urgent need for security enforcement. A few days ago, has just introduced the "China Securities Regulatory Commission administrative settlement pilot implementation" indicates Securities execution settlement in China formally sold the first step. However, the system was established in the early stages, and the supporting regulations lag associated with inadequate provision largely restricts its application in practice. So, how combined with China’s specific conditions and learn from the mature experience of foreign countries to be related to improvement of the country’s Securities execution settlement, it has become an important issue in economic law can not be ignored.Firstly, the Securities execution settlement implications, feature analysis, defined what the Securities execution settlement, as well as relevant laws and constitution has a composite having sex, both executive-led government and the two sides negotiated and alleged acts of fuzziness and processing results uncertainties and other features. Settlement system by discussing the practical needs clear goals Securities execution settlement. Immediately afterward, he describes the different legislative model of the system. Secondly, the extraterritorial enforcement of securities settlement systems were compared, including the relationship between the Executive and reconciliation and related litigation relief applicable conditions for reconciliation, implementation procedures, the contents of the settlement agreement, the settlement agreement. Then, the status of enforcement of securities settlement systems were introduced, pointing out the flaws and shortcomings of the Securities execution settlement presence in the applicable conditions of reconciliation, determine how the settlement payment, settlement and monitoring mechanisms investor protection. Finally, by reference to the foreign system and combine the regulatory status quo of China’s securities, the applicable conditions in a clear reconciliation, reconciliation perfect way to determine the amount of gold, the establishment of a comprehensive monitoring system of reconciliation and strengthen investor protection put forward reasonable proposals. In order to promote the establishment of a more reasonable and perfect the Securities execution settlement.