论前置程序取消后证券虚假陈述民事诉讼的程序修正  

On Procedural Amendments to Civil Securities Misrepresentation Litigation after the Cancellation of Preliminary Proceedings

作　　者：赵丹阳 Zhao Danyang

机构地区：[1]浙江大学光华法学院,浙江杭州310008

出　　处：《上海金融》2024年第5期40-49,共10页Shanghai Finance

基　　金：上海全面依法治市调研课题项目“超大城市治理中数字技术赋能民事诉讼繁简分流研究”(KT2023164)的阶段性成果。

摘　　要：加大投资者权益保护是发展和繁荣证券市场的根本要求。为了充分保护投资者及时提起证券虚假陈述民事赔偿诉讼的权益,取消前置程序已由预见变为现实。然而,前置程序取消后,衍生了诉讼时效起算认定混乱、管辖权冲突与滥用加剧、投资者证明负担加重以及行民程序协调混乱等程序性问题,亟待解决和回应。为了强化投资者权益保护,充分实现取消前置程序的制度目标,其程序修正路径可以从明确诉讼时效起算点、疏通管辖权争议、补强投资者证明能力并制定行民程序协调规则四方面展开。Increasing the protection of investors’rights and interests is a fundamental requirement for the development and prosperity of the securities market.In order to fully protect the rights and interests of investors in filing civil compensation lawsuits for securities misrepresentation in a timely manner,the cancellation of the preliminary procedure has been changed from foresight to reality.However,the cancellation of the preliminary procedure has given rise to procedural problems,such as confusion in the determination of the commencement of the statute of limitations,conflict and abuse of jurisdiction,increased burden of proof on the investor,and confusion in the coordination of civil and administrative procedures,which need to be resolved and responded to urgently.In order to strengthen the protection of investors’rights and interests and fully realize the institutional goal of cancellation of the preliminary procedure,the path of procedural amendment can be carried out in four aspects,namely,clarifying the starting point of the statute of limitations,clearing up the jurisdictional disputes,reinforcing the investors’ability to prove,and formulating the rules of coordination of civil and administrative procedures.

关 键 词：证券纠纷 虚假陈述 前置程序 特别代表人诉讼 中小投资者 

分 类 号：D915.2[政治法律—诉讼法学]