论文部分内容阅读
利用未公开信息交易是一种严重损害投资者权益和破坏证券交易秩序的违法行为,理应纳入证券期货法律予以规制。《证券法》(修订草案)第93条虽然首次对利用未公开信息交易行为作出了规制,但该规定过于原则,缺乏可操作性。为正确适用利用未公开信息交易规制制度,强化对该类行为的行政监管和损害赔偿民事案件的审判,有必要对利用未公开信息交易行为规制的构成要件进行厘清。为此应对应当纳入规制的对象主体、未公开信息的概念和范围、未公开信息的利用行为的内涵和外延等构成要件进行清晰界定,并在此基础上完善《证券法》(修订草案)第93条的规定。
The use of undisclosed information is a serious violation of the rights and interests of investors and undermine the securities trading order of the illegal act, should be included in securities and futures laws to be regulated. Article 93 of the Securities Law (Revised Draft) regulates the use of undisclosed information for the first time, but it is too principled and inadvisable. In order to correctly apply and utilize the system of undisclosed information and to strengthen the administrative supervision of such acts and to try the damages of civil cases, it is necessary to clarify the constitutional elements of the regulation of the behavior of using undisclosed information. Therefore, it is necessary to clearly define the connotation and extension of the subject and subject that should be included in the regulation, the concept and scope of undisclosed information and the connotation and extension of the undisclosed use of information, and on this basis, improve the “Securities Law” (Draft Amendment) 93 provisions.