论信托理念下的证 券投资基金架构-经济法学专业论文.docxVIP

内容摘要本文从探析证券投资基金治理结构的法律基础一一信托制度入手，通过追溯信托的起 内容摘要 本文从探析证券投资基金治理结构的法律基础一一信托制度入手，通过追溯信托的起 源来发展分析得出信托的法律内涵、特点及构成要素，并通过证券投资基金与信托的法律 关系及特点比较分析，最终得出证券投资基金的本质为信托的结论。进而基于信托原理分 析证券投资基金制度的基本法理问题，明确证券投资基金主体及法律关系，客体及证券投 资基金制度的价值取向。鉴于国外对于证券投资基金法律结构的成功经验，文章的第四部 分对发达国家证券投资基金制度进行了介绍，并从各国模式的评价与比较中得出对我国证 券投资基金法律架构的启示：不管哪种形式的证券投资基金法律设计，都应以加强对受益 人利益保护及受托入义务的监管为宗旨。第五部分借鉴国外的经验，在信托理念下对我国 证券投资基金法律架构的进行了审视与重建。针对我国现行证券投资基金制度存在基金性 质界定模糊，主体法律地位及权利义务关系不明确的缺陷，提出了基于信托理念的完善建 议，以求对我国证券投资基金法律构架的完善有所助益。结论部分提出了既符合信托法律 又符合我国实践要求的我国证券投资基金法律架构的模式：即投资者为委托人，管理人和 托管人为共同受托人，同时赋予基金发起人以代理人身份，可通过投资者事后追认的方式 订立基金契约，并通过特别立法赋予托管人极大的权限，使其不局限于信托契约中的权利 义务，而是享有更多的权利，负有更多的义务。以这种法律结构建立起来的证券投资基金 既符合信托法理，能够与已经制订的信托法较好的衔接起来，有利于保护投资人的利益， 同时也提升了证券投资基金运作的效率． 关键词：信托证券投资基金法律架构 AbstractAnalyse Abstract Analyse the legal connotations，characteristics and elements of trust in its origin and development，and compare the legal relations and characteristics of the securities investment funds and trust，there is a conclusion that the nature of the securities investment funds is trust． As a trust，Securities investment funds is a flexible and e虢ctiVe asset management system design，and its most notable features is separation of the beneficial property and the ownership， thereby making its unique advantages in modem economic system．No matter what form of securities investment funds law design，it should be to strengthen the protection of the merests of the beneficiaries and the obligations of the trustees．Foreign securities investment fund industry is high degree of prosperity，and it Can be helped to improve the governance structure of the fund through several of the current foreign representative，which legal stmcture is to be designed in accordance with the principle of trust．Whatever the excellence or limitation of model，it Can be drawn on Chinas reference．It also will be conducive to the analysis of the Chinas current securities investment fund management structure and operation of the legislative shortcomings．Based on those work，the legal fr