软硬法协作视角下的金融机构信义义务:以适当性管理为重点  

The Fiduciary Duty of Financial Institutions from the Perspective of the Interaction of Soft and Hard Law:Focusing on Suitability Rule

作　　者：神作裕之 张钰(译) Kansaku Hiroyuki;ZHANG Yi

机构地区：[1]日本学习院大学法学院 [2]东京大学法学院

出　　处：《中国政法大学学报》2024年第5期287-304,共18页Journal Of CUPL

摘　　要：随着金融领域行业分工细化和专业化水平提高,维护信赖、避免利益冲突和有效管理客户信息成为重要课题。在此背景下,“信义义务”的适用范围不断扩张。软法在确立和适用“信义义务”方面起重要作用。日本制定了《顾客本位业务运营原则》,以原则性规定确立适当性管理义务,提供了比硬法更广泛的行为规范。但这也使软法与硬法中的适当性管理原则及诚实公正义务之间的关系变得复杂。欧盟和美国通过硬法强化了适当性管理原则的法律效力。日本在未来将继续研究如何通过软硬法协同发展以达到最佳规范效果。As the financial sector’s division of labor becomes more refined and specialized,some important issues are increasing such as maintaining trust,avoiding conflicts of interest,and effectively managing customer information.Against this backdrop,the scope of the “fiduciary duty” has been expanding.Soft law plays a significant role in establishing and enforcing “fiduciary duty”.Japan has established the “Principles of Customer-Oriented Business Conduct”,which set out the suitability rule in a principled-based manner.However,this also leads to a complicated relationship between the suitability rule in soft law and those in hard law,as well as the duty of honesty and fairness.The EU and the US have strengthened the enforcement of suitability rule through hard law.In the future,Japan will continue to delve into achieving the best regulatory effect through the interaction of hard and soft law.

关 键 词：信义义务 软法与硬法 适当性管理原则 最佳利益原则 

分 类 号：D922.291[政治法律—经济法学]