论证券市场信息披露误导性陈述的界定  

The Definition of Misleading Statements in Information Disclosure Process of Chinese Security Market

作　　者：王通平[1] 钱松军 

机构地区：[1]南京大学法学院,江苏南京210093

出　　处：《证券市场导报》2016年第9期73-78,共6页Securities Market Herald

摘　　要：《证券法》上的信息披露违法违规行为分为虚假记载、误导性陈述和重大遗漏三类。实践中,虚假记载和重大遗漏在性质上比较容易界定。但理论界和实务界对误导性陈述的界定和构成尚无清晰认识,给证券市场监管带来了很大困扰。本文通过考察误导性陈述的立法演变,总结其特点及表现形式,分析其构成要件,对误导性陈述作出界定,以期对证券市场监管带来实益。The Securities Law of the People＇s Republic of China states three categories of violation behaviors on information disclosure： false record, misleading statements and significant material omissions. In practice, false record and significant material omissions are relatively easy to define. However, academic and practical fields have not reached clear understanding on the definition of the misleading statements, which resulted in significant problems on the securities market＇s regulations. This article goes through the discussion on the evolvement of the legislation on the misleading statement, summarises its characteristics, and analyses its components, in order to provide the definition on the misleading statement. The goal is to contribute actual benefits to the regulation of the securities market.

关 键 词：误导性陈述 重大性 理性投资者标准 预测性信息 

分 类 号：D922.287[政治法律—经济法学]