注册制改革背景下我国信息披露标准的法律研究

发布时间：2018-01-16 21:33

本文关键词：注册制改革背景下我国信息披露标准的法律研究　出处：《上海师范大学》2017年硕士论文　论文类型：学位论文

【摘要】：我国的证券市场正在准备对于证券发行注册制的改革,与核准制不同,注册制中将证券发行的重点由监管机构的实质审核转向了证券发行人的信息披露义务。在注册制的改革背景下,由于投资者对于信息的需求将会逐步增加,并且信息披露的地位有了很大的提升,所以原有的信息披露标准由于以往我国在立法和实践中对信息披露的忽视而会显露出许多问题。对现有的信息披露标准进行完善是十分重要的。注册制与核准制存在着许多差别,在注册制背景下,信息披露的地位和要求有着很大区别。本文的第二章,通过对信息披露制度本身的研究,阐释在注册制的改革背景下信息披露制度相较于核准制的区别以及需要得到完善的必要性。我国的现有法律法规,在注册制的改革背景下,已经无法很好地发挥信息披露制度应有的作用。本文的第三章,通过分析研究我国现行的证券法律法规,指出我国在重大信息,内幕信息,风险因素信息和预测性信息披露标准中存在的不足与缺失。国外的证券立法,尤其是美国的证券立法中,有许多值得我国借鉴的地方,本文的第四章,通过对不同国家证券市场关于信息披露标准的立法进行比较研究,找出可以为我国信息披露标准完善的经验和制度。我国的证券市场有着其独有的特色,尤其是以散户为主的投资者群体。本文的第五章,通过对第四章所找出的国外经验和制度结合我国证券市场实际情况的深入研究,从第三章提到的重大信息,内幕信息,风险因素信息和预测性信息四个方面,为注册制改革背景下我国的信息披露标准完善提出自己的建议。
[Abstract]:China's securities market is preparing for the reform of the registration system of securities issuance, which is different from the approval system. Registration system changes the emphasis of securities issuance from the substantive examination of regulatory bodies to the disclosure obligations of securities issuers. Under the background of the reform of the registration system, the demand for information will gradually increase because of investors. And the status of information disclosure has been greatly improved. Therefore, the original information disclosure standard will reveal many problems because of the neglect of information disclosure in legislation and practice in our country in the past. It is very important to perfect the existing information disclosure standard. Registration system and approval system. There are many differences. In the background of the registration system, the status and requirements of information disclosure are very different. The second chapter of this paper, through the study of the information disclosure system itself. In the background of the reform of the registration system, the difference between the information disclosure system and the approval system and the necessity of improvement are explained. The existing laws and regulations of our country are under the background of the reform of the registration system. The third chapter of this paper, through the analysis of the current securities laws and regulations, pointing out that our country in the important information, insider information. Risk factor information and predictive information disclosure standards of deficiencies and deficiencies. Foreign securities legislation, especially in the United States securities legislation, there are many worthy of reference in our country, this article 4th chapter. Through the comparative study on the legislation of information disclosure standards in different countries' securities markets, we find out the experience and system that can be perfected for our country's information disclosure standards. Our country's securities market has its unique characteristics. The 5th chapter of this paper, through the foreign experience and system found out in Chapter 4th, combined with the actual situation of China's securities market in-depth study, from the third chapter mentioned the major information. Four aspects of insider information, risk factor information and predictive information are put forward to improve the information disclosure standards in China under the background of registration system reform.
【学位授予单位】：上海师范大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D922.287

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