摘要
中介机构作为资本市场"看门人"的功能正普遍受到强调。在综合借鉴境外实践基础上,我国采取了"严格的保荐人牵头责任"模式,然而在审查范围、尽职标准、责任划分上问题不少。律师事务所的特殊性目前尚未得到足够重视。在中介机构与发行人/上市公司之间,宜坚持连带责任原则,但应明确前者的免责事由;在各中介机构之间,独立判断基础上的分工合作及区分责任或是更好的选择。
The gatekeeper role of the securities intermediaries has been increasingly received.Borrowing from different sources,China developed its own rigid leading caretaking duties regime focusing on the securities sponsor,which proved fairly overreaching in terms of the range of examination,the standard of duties,and the division of responsibilities.The specifics of law firms were overlooked in large.Between intermediaries and their principals,the current joint and several liabilities principle might well stay on hold while their exemption causes should be clarified.On the other hand,amongst those intermediaries,separate liabilities might be a better choice in the light of independent judgments.
出处
《南京农业大学学报（社会科学版）》
CSSCI
2011年第1期98-104,共7页
Journal of Nanjing Agricultural University(Social Sciences Edition)
关键词
保荐人
中介机构
严格牵头责任
区分责任
看门人
律师事务所
Sponsor
Securities Intermediaries
Rigid Leading Caretaking Duties
Separate Liabilities
Gatekeeper
Law Firm
