间接持有模式下跨境证券交易的法律问题  

Legal Consideration of Cross-Border Transactions in Intermediated Securities

作　　者：刘璇 LIU Xuan(Law School,Peking University,Beijing 100871,China)

机构地区：[1]北京大学法学院,北京100871

出　　处：《齐齐哈尔大学学报（哲学社会科学版）》2021年第4期103-106,共4页Journal of Qiqihar University(Philosophy & Social Science Edition)

摘　　要：随着国际金融市场的发展,证券跨境交易迅猛发展。传统的证券直接持有模式开始向间接持有转变。证券的间接持有模式提升了证券交易的效率的同时,使得实际投资人在主张证券权益时更加复杂。传统的证券法律规范无法适应间接持有模式下的跨境证券交易的发展。在解决间接持有模式下跨境证券交易的一系列实体法问题之前,应先明确间接持有模式下跨境证券交易法律适用问题,为证券交易当事人提供法律的确定性和可预见性。Cross-border securities have been advanced by rapid development of international financial market.The mode of holding system of securities also evolved from the‘direct holding system’to the‘indirect holding system’,which improves the efficiency of financial market,and securities have become largely immobilised or dematerialised instead of in physical form.However,the indirect holding system may make transactions more complicated.Traditional securities laws or regulations cannot adapt to the development of cross-border security transactions under the indirect holding system.Before resolving a series of substantive law issues related to cross-border securities transactions under the indirect holding mode,it is necessary to clarify problems of applicable law regarding to intermediated cross-border securities in order to provide legal certainty and predictability.

关 键 词：PRIMA 证券间接持有 法律适用 法律冲突 

分 类 号：F832.51[经济管理—金融学]