关于我国证券无纸化立法的几点思考

Some Considerations of the Legislation of Securities Dematerialization

我国早已在证券市场实行了证券无纸化,但《证券法》却未充分体现这一重大变革,导致证券市场中的许多问题都缺乏必要的法律规制。因此,确实有必要认真考虑就我国证券无纸化进行立法。在证券无纸化的立法模式、指导思想及无纸化方式等问题上,都应立足于我国证券法体系的全面梳理。在证券投资者的证券权益确认及法律维护机制方面,我国也应超越西方国家的一般规定而作合理设计。

Though securities dematerialization has been achieved in China's securities market, the Securities Law does not fully reflect the significant changes that leads to the lack of some necessary legal regulations in stock market. As a result, we should definitely consider the legislation of securities dematerialization. The paper argues that the legislative model, guiding idea and way of dematerialization should be based on the comprehensive study of China's Securities Law system. It also proposes that we should make a reasonable design in the legal recognition of investors' rights and safeguarding mechanism beyond western countries' general provisions.