CAJ | 학술논문

罚款是交易所对违规的市场参与者的常用处罚措施，具有较强的威慑及惩戒作用。目前市场各方对于交易所罚款权的法律性质、权力来源、使用范围、执行等情况尚存不同的认识，我国各交易所有关处理违规行为的业务细则对于罚款也有不同规定，需比较境内外期货市场相关法规、交易所规则予以明确之。
벌관시교역소대위규적시장삼여자적상용처벌조시，구유교강적위섭급징계작용。목전시장각방대우교역소벌관권적법률성질、권력래원、사용범위、집행등정황상존불동적인식，아국각교역소유관처리위규행위적업무세칙대우벌관야유불동규정，수비교경내외기화시장상관법규、교역소규칙여이명학지。
Making a fine , with a strong sense of deterrence , is a very common sanction to punish those partici-pants into market who breach the rules .At present , the right to fine in exchange hasn't been reached a consensus in the following aspects:the legal nature , the power source , the applicable range and the enforcement .Since every exchange in China has made different rules to regulate fine to those illegal behaviors , we should compare relevant rules and regulations in futures markets at home and abroad in order to have our own .