金融衍生产品交易中的卖方受信义务

Vendor's Duty of Fiduciary in Financial Derivatives Transaction

金融衍生产品十分专业、复杂,买方往往无法弄懂自己所购买的产品,而只能依赖卖方提供的建议进行投资决策。在此情况之下,买卖双方之间存有信赖关系,卖方应当对买方承担忠实与勤勉之责。信赖关系与受信义务是英美金融法的重要基石,存有信赖关系的金融衍生产品交易,卖方应当对买方负担受信义务。我国公司法引入衡平法观念的成功经验值得借鉴,为保护投资者利益,应通过专门立法对信赖关系、受信义务以及违反受信义务的特别法上的请求权进行规定。

When the vendee of the financial derivatives contract relies on the vendor＇s professional skills and experi- ences to decide when and what to buy, then the vendor takes a duty of fiduciary for the vendee, which means the vendor should act on the vendee＇s interest. The vendor should be prudential and put the vendee＇s welfare before his own. Sellers of financial derivatives replied by the buyers should bear the duty of fiduciary and act in the interest of the buyers. In order to improve the protection of ordinary investors, the mechanism of duty of fiduciary tin equity law may be introduced into our fi- nancial legislation and judicial decisions.