证券市场导报
證券市場導報
증권시장도보
Securities Market Herald
2010年
9期
48~51
,共null页
投资者适当性制度 客户分类 适当性义务 券商责任
投資者適噹性製度 客戶分類 適噹性義務 券商責任
투자자괄당성제도 객호분류 괄당성의무 권상책임
Investors Adequacy System, Customer Classification, Adequacy Obligations, Broker Responsibility
本文探讨了投资者适当性制度各国不同的立法模式及典型案例、对客户分类及相关标准、履行适当性义务的具体要求及其责任分配问题。证券公司在履行适当性义务时，首先需要根据投资者的资金实力、知识储备及风险承受能力确定投资者的类型；在充分认识客户的基础上，券商应向客户履行告知义务，将投资的相关风险、可能造成的损失及客户准备选择的产品性质明确告知客户；同时，券商应采取签署书面文件等方式确保客户对有关内容的知悉。
本文探討瞭投資者適噹性製度各國不同的立法模式及典型案例、對客戶分類及相關標準、履行適噹性義務的具體要求及其責任分配問題。證券公司在履行適噹性義務時，首先需要根據投資者的資金實力、知識儲備及風險承受能力確定投資者的類型；在充分認識客戶的基礎上，券商應嚮客戶履行告知義務，將投資的相關風險、可能造成的損失及客戶準備選擇的產品性質明確告知客戶；同時，券商應採取籤署書麵文件等方式確保客戶對有關內容的知悉。
본문탐토료투자자괄당성제도각국불동적입법모식급전형안례、대객호분류급상관표준、리행괄당성의무적구체요구급기책임분배문제。증권공사재리행괄당성의무시，수선수요근거투자자적자금실력、지식저비급풍험승수능력학정투자자적류형；재충분인식객호적기출상，권상응향객호리행고지의무，장투자적상관풍험、가능조성적손실급객호준비선택적산품성질명학고지객호；동시，권상응채취첨서서면문건등방식학보객호대유관내용적지실。
This article discusses the different national legislative models and their typical cases, customer classification and related standards, specific requirements and distribution of responsibility to fulfill adequacy obligations. When securities firms fulfill these obligations, first they need to determine the types of investors based on the financial strength, knowledge reserves and risk tolerance, and then brokers should perform notification obligations to the customers, explicitly informing the customers of related risks, potential losses and the nature of the products they prepared to engage in. Meanwhile, the broker should ensure the customers know the contents by the means of signing written documents.
