证券期货违法行为举报制度研究

Research on the Reporting System of Illegal Securities and Futures Acts

证券期货违法行为举报是一项内容丰富的制度,阐释其中的法治意涵、制度逻辑及机制建设是促进发展的重要论题。研究发现,该制度在政策法规指引下稳步推进,呼应了构建多层次资本市场法律体系的要求。在制度逻辑方面,举报具有法律伦理的正当性,客观上在证券期货市场形成举报人与监管部门的公私合作模式,且克服信息不对称助力提升监管效能。为强化制度优势,重点机制建设包括:其一,确保举报人积极理性行使举报权,构建科学合理的奖励机制;其二,提高监管部门对违法行为处理的质效,形塑运转高效的程序机制;其三,维系举报人、被举报人与监管部门三方井然有序的法律关系,从权益保护、法律责任、权利救济等保障机制上予以优化。

The reporting of illegal acts in securities and futures is system with rich contents.It is an important topic to explain the meaning of the rule of law,system logic and mechanism construction to promote development.The study found that the system was steadily promoted under the guidance of policies and regulations,which echoed the requirements of building a multi-level capital market legal system.In terms of system logic,reporting has the legitimacy of legal ethics,which objectively forms a public-private cooperation model between informers and regulatory authorities in the securities and futures market,and helps to improve regulatory effectiveness by overcoming information asymmetry.In order to strengthen the institutional advantages,the key mechanism construction includes:first,ensure that the informer actively and rationally exercise the right to report,and build a scientific and reasonable incentive mechanism.Second,improve the quality and efficiency of the regulatory authorities handling of illegal acts,and shape a highly efficient procedural mechanism.Third,maintain the orderly legal relationship among the informer,the informer and the regulatory authority,and optimize the protection mechanism of rights and interests,legal responsibility,right relief,etc.