日本证券市场内幕交易规制的最新动态及借鉴——以2013年《金融商品交易法》修订为线索  

News and Reference from the Insider Trading Regulation of Japanese Stock Market: by Analyzing 2013 Amendment of Financial Instruments and Exchange Act

作　　者：段磊[1] 

机构地区：[1]东京大学法学政治学研究科

出　　处：《证券市场导报》2014年第6期69-73,共5页Securities Market Herald

摘　　要：日本国会于2013年6月12日通过了《金融商品交易法》的最新修正案,本次修改最重要的内容是将信息传递和交易推荐行为纳入内幕交易的规制范围,并通过修改计算方法提高行政处罚的金额,以此应对近年多发的内幕交易案件。此外,还进一步明确了内幕交易的豁免情形,加大查处力度的同时也注意对合理交易进行保护。本文在分析这次修改主要内容的基础上,探讨日本法的经验教训和对我国内幕交易规制的借鉴意义。Japanese parliament passed the latest amendment of Financial Instruments and Exchange Act on June 12, 2013. The most importation element is to include information transfer and transaction recommendation into the behavior of insider trading, and increase the amount of the administrative penalty by modifying the calculation methods in order to deal with often happened insider trading cases in recent years. It further defined the exemptions of insider trading to protect the legitimate transactions while intensify the punishment. Based on the analysis of this amendment, this paper discussed the Japanese experience and its reference to Chinese regulation of insider trading.

关 键 词：内幕交易 信息传递 交易推荐 

分 类 号：DF438[政治法律—经济法学]