A Research On The Legal Supervision Of Mutual Fund Sales On The Internet

Mutual Fund Sales On The Internet refers to the fund company through the Internet platform for the channel sales of fund products,is a combination of traditional funds and Internet technology innovation.It relies on third party payment platform,the use of cloud computing,big data technology,the majority of the platform for users to provide personalized fund financing program.Internet sales fund contractual fund is the legal nature of the legal relationship of trust,legal entities involved investors,fund managers,fund custodian and the third party Internet platform.Yuebao is the balance of treasure and Celestica fund jointly launched the first Internet sales monetary fund,the essence is to let Yuebao users to purchase payment issued by the fund company Celestica increased Liberty Fund products.With low barriers to entry,high liquidity and high income characteristics,industrial financial processes include registration,certification,purchase,redemption of several major steps.But the current Internet sales fund is in the groping stage,in addition to bring a strong impact to the traditional fund market,also gradually reveals a variety of risks,such as market risk,legal risk,network security risk and liquidity risk.These risks have brought great challenges to regulators,and many regulatory issues have gradually emerged.The main performance of the information disclosure system is not perfect,the lack of comprehensive protection of the interests of investors in the network sales fund and even the use of money laundering crime.In our country,there is no specific legislation in the legislation of the network sales fund supervision,the basis of supervision can only refer to the third party payment agency supervision law and the traditional monetary fund supervision law.Mutual Fund Sales On The Internet originated in the United States,developed more mature,so its legal regulation is the most experienced.In the absence of supervision system of Internet sales fund in China,can learn from the hierarchical supervision mode of its systematic,clear information disclosure system of relevant institutions,improve the security mechanism of network financial information security,pay attention to protect the financial interests of investors and prevent the crime of money laundering.In summary,put forward to perfect the legal supervision system of Internet sales fund proposals in this paper,to adhere to both efficiency and fairness,modest,prudent,dynamic balance principle of regulation.From the market access,information disclosure system,investor protection measures,industry self-regulation and other aspects of the system to build a network of sales fund regulatory system to guide and regulate the sustained and healthy growth of online sales fund.