英國金融服務法上投資暨投資事業之研究
Other Title
The Analyses on Investment and Investment Business under the FSA 1986
Date Issued
2000
Date
2000
Author(s)
DOI
892414H002015
Abstract
The philosophy of regulation in relation to the English financial market has been
shifted from self-regulation towards the more
centralized style. Although the definition of
investments in the Financial Services Act
1986 is similar to that of securities in
American securities legislation, there is still
some difference in the sense of substance
between the two legal frameworks. Even so,
both are to protect investors who are
deprived of certain information due to
information asymmetry.
The term “investment business” is
invented by English legislation and needs
further judicial explanation to delineate
exactly what activities it intends to regulate.
Sections 1 and 3 and schedule 1 define the
kinds of investment and illustrate the general
outlook of investment business.
All these discussions could be of great
help in reviewing our own system. The
definition of securities in our Securities and
Exchange Act is out of date and unable to
cover the newly developed financial
derivative products. Therefore, the result of
the research on English and American law
can provide certain models for rebuilding our
regulated objects.
Subjects
the Financial Services Act 1986
the Financial Services and Market Act 2000
the Financial Services Authority
securities
investment
investment business
the
Securities Act of 1933
Securities Act of 1933
Publisher
臺北市：國立臺灣大學法律學系暨研究所
Type
report
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