Research On The Adminisrative Responsibility Of Breaking The Block Holder Disclosure System

Block holder disclosure system is a system widely optioned in securities market all over the world,which playing an important role in promoting the information disclosure of listed companies and enhancing the transparency of the securities market."Securities Law" provides a breach of this system should bear the legal responsibility,and the penalties of thee punishment regulatory authority can apply currently does not reflect the original intention of this system,nor does it reflect the punitive and educational function of the administrative punishment means.In this paper,the large shareholding system and its administrative responsibility were sorted out,to explore the problem of the violation of the system on the securities market and the existing legal framework of the violation of large shareholding disclosure system administrative responsibility in the view of administrative responsibility.Try to put forward the purpose of strengthening the administrative responsibility measures to punish such violations for the purpose of punishment,butalso for the future to continue to improve the relevant system to provide constructive comments.