论对证券投资基金管理人的法律规制

Study on Legal Regulation to Custodians of Securities Funds

在证券市场的发展过程中,基金管理人向关联人输送利益,谋取不法利益、操纵基金账面价值等恶性行为日渐彰显,严重损害了基金持有人利益。主要原因在于我国证券投资基金治理组织结构的不完善,尤其是对基金管理人约束机制的缺失。我国亟需完善对基金管理人监督约束的立法,以协调基金持有人、基金管理人与基金托管人三方的利益关系,充分保护基金投资人的合法权益。

With the development of securities market, the custodians of securities funds transfer interests to somebody who has special relationship with him to seek for illegal interests and control the value of securities funds. It does harm to the interests of holders of securities. This mainly lies in the shortage of supervising institute of securities funds, especially for custodians of securities funds. Therefore,it is essential to perfect the supervision legislation of the custodians of securities funds in order to make the relationship among holders, custodians and trustee of securities funds a harmonious one to protect the legal interests of investors of securities and to regulate the securities market.