证券交易虚假陈述的民事责任性质及归责原则——兼评最高人民法院关于审理虚假陈述案件的规定

Characters of Civil Responsibility and Principles of Imputativeness of Illusive Statement in Stock Exchange——ith Comments on Provisions Concerning Illusive Statement by The Supreme People's Court

《最高人民法院关于审理证券市场因虚假陈述引发的民事赔偿案件的若干规定》的公布,标志着中国证券市场的民事赔偿机制已进入实施阶段,而明确虚假陈述的民事责任性质及归责原则,有利于更准确地理解这个司法解释。通过对虚假陈述制度进行法律上的分析,以说明该司法解释的重要意义及其局限性、过渡性和可操作性的特点。

The publication of Regulations of the Supreme People's Court on Civil Atonement Cases Aroused by Illusive Statement in Stock Market indicates that the illusive statement system in China has entered an implementary stage. A clear representation of the civil responsibility and principles of imputativeness of illusive statement will be helpful in an exacter comprehension of this judicial interpretation. The features of importance, limitations, transition and manipulatableness of the judicial interpretation are illuminated through a legal analysis about illusive statement system.