论文部分内容阅读
我国立法中没有明确定义证券信息操纵行为,这不失为我国法律制度的一项缺项。英国金融服务管理局(FSA)出台的《市场行为守则》及相关咨询文件、《香港联合交易所交易规则》规定的关于证券信息操纵行为规范原则和行为分类,对我国构建和完善证券信息操纵行为法律制度具有较高的借鉴价值。借鉴英国的经验和我国香港特区的做法,在修订和完善《证券法》时,重点是在立法层面明确证券市场操纵行为、证券信息操纵行为的定义,行为的构成,以及法律责任等要素,并需要充分考虑到法律规范的可操作性和适用便捷性。
China’s legislation does not clearly define the behavior of securities information manipulation, which is still a lack of legal system in our country. The “Code of Market Conduct” issued by the Financial Services Authority (FSA) and related consultation documents, the Code of Conduct Principles and Behavior Categories for Securities Information as set forth in the “Rules Governing the Listing of the Stock Exchange of Hong Kong Stocks” on the Establishment and Improvement of Securities Information Manipulation in China Legal system has a higher reference value. Drawing lessons from the experience of the United Kingdom and the practices of Hong Kong SAR of our country, when amending and perfecting the “Securities Law,” the key point is to clarify the securities market manipulation behavior, the definition of securities information manipulation behavior, the composition of behavior and legal liabilities at the legislative level. Need to fully take into account the legal norms of operability and ease of use.