“金融投资商品”立法的类型化趋势研究

Research on the Categorization Tendency of "Financial Investment Commodity" Legislation

立足于金融创新与混业经营的经济背景,英美日韩相继开展以"金融投资商品"为对象、以服务为特征的金融法律实践,经过了从纵向分割式行业监管向横向统一功能性规制转变的动态调整过程。以国际经济趋势为标杆,提出对"金融投资商品"进行法律继受以实现对证券概念的扩张,把投资者保护及功能监管作为"金融投资商品"法律化的直接动因和关键环节,选择渐进式功能规制立法改革为最终大概念的金融商品法律提供缓冲的平台。

On the background of financial innovation and mixed operation, Britain, the United States, Japan and South Korea have carried out financial law practice of ＂financial investment commodity＂ as the object and characterized by service, which have passed from longitudinal split industry supervision to transverse unified functional regulation. Following the international economic trend, this paper propose to legal successors of ＂financial investment commodity＂ to realize the expansion of the concept of securities; look upon the investor protection and functional regulationas the direct motive and key link of the legalization of financial investment commodity; choose the progressive reform of functional regulation legislation providing a buffer platform for the ultimate financial commodity law.