论我国证券公司破产的法律规制

发布时间：2018-03-03 20:40

本文选题：证券公司　切入点：破产　出处：《对外经济贸易大学》2006年博士论文　论文类型：学位论文

【摘要】：我国目前处于证券公司风险爆发期,监管部门和司法部门为化解证券公司风险进行了有益的探索,在实践中摸索出一套行政处置与司法程序相衔接的方法,该方法以被处置证券公司涉诉案件“三中止”为标志。国家为维护社会稳定、促进证券市场健康有序发展,采取了对投资者保护的措施,该措施以《客户证券交易结算资金及个人债权收购意见》为标志。证券公司风险处置的结果,将使相当一批证券公司退出市场,而破产又是证券公司退市的主要途径。基于证券公司破产特殊性,我国目前的《中华人民共和国企业破产法(试行)》在程序和实体规定方面,都不能提供对投资者的有效保护,因此,需要针对证券公司破产的特殊性制定特殊的规则。美国是证券市场最发达的国家之一,其有关证券公司破产的法律制度独具特色。在《美国法典》(The US. Code)破产一章中,专门规定了证券公司破产,但该章本身并不具有投资者保护的功能,美国国会遂于1970年通过了《证券投资者保护法案》(SIPA),该法案将证券投资者保护与清算程序有机结合,很好地解决了证券公司破产中投资者权益保护的问题,值得我国立法借鉴。我国正在起草《企业破产法》,证券投资者保护基金公司也已设立,基于这样一些有利因素,制定我国证券投资者保护法的时机已经成熟。从我国破产法立法的进程看,将证券公司单独作为一个问题写入破产法,可能性不大,有必要在总结实践经验的基础上,借鉴美国SIPA,制定具有中国特色的证券投资者保护法,从而完善我国破产法律体系。
[Abstract]:At present, our country is in the period of securities company risk erupting, the supervision department and judicial department have carried on the beneficial exploration to resolve the securities company risk, and have groped out a set of method of connecting the administrative disposal with the judicial procedure in practice. In order to maintain social stability and promote the healthy and orderly development of the securities market, the state has taken measures to protect investors. This measure is marked by "customer Securities Exchange settlement funds and opinions on the purchase of personal creditor's Rights." the result of the risk management of securities companies will lead a considerable number of securities companies to withdraw from the market. However, bankruptcy is the main way for securities companies to delist from the market. Because of the particularity of securities companies' bankruptcy, the current Enterprise bankruptcy Law of the people's Republic of China (try out) fails to provide effective protection to investors in terms of procedures and substantive provisions. Therefore, it is necessary to make special rules in view of the particularity of the bankruptcy of securities companies. The United States is one of the most developed countries in the securities market, and its legal system concerning the bankruptcy of securities companies is unique. The Chapter does not have the function of investor protection. In 1970, the United States Congress passed the Securities Investor Protection Act (SIPAA), which organically combines the protection of securities investors with the liquidation procedure. The protection of investors' rights and interests in the bankruptcy of securities companies has been well solved, which is worthy of our country's legislation. Our country is drafting the Enterprise bankruptcy Law, and the Securities Investor Protection Fund Company has also been set up. Based on such favorable factors, The time has come to formulate the securities investor protection law in China. From the process of legislation on bankruptcy law, it is not possible to write the securities company into the bankruptcy law as a single issue, so it is necessary to sum up the practical experience. Draw lessons from the United States SIPA, formulate the securities investor protection law with Chinese characteristics, so as to perfect the bankruptcy law system of our country.
【学位授予单位】：对外经济贸易大学
【学位级别】：博士
【学位授予年份】：2006
【分类号】：D922.287

【引证文献】