Research On The Securities Offering Supervision Legal System

Securities issuing supervision is the first gate of the securities market regulation. It is also the beginning of the securities regulation system. The implementation influence of this issue can effect the securities quality and the efficiency of the securities market. The securities issue auditing system can establish basic concept and development tendency for the securities issuing supervision system. The amendment of Securities Law started at 2014. Registration System was the key points.The economic theory is applied to the legal analysis in this paper. It striving to explore the theoretical basis of institutional change and the design of legal system which in accordance with economic law. Firstly, this paper defines the concept which related to the research and illustrates the root of all securities issuance auditing system. Secondly, The paper discusses the economic root of the securities issuing auditing system. Meanwhile, contrasting the two types of system in order to find the differences and relationships. Then, it study the reform process of this system and its defect. Finally, this paper put forward specific legislative suggestion for registration system reformation including reconstructing the system foundation for effective supervision and using gradual reformation road, and adopting the registration system in Growth Enterprise Market firstly.