Open AccessADMINISTRATIVE AND LEGAL STATUS OF THE NATIONAL COMMISSION OF SECURITIES AND THE STOCK MARKET AS AN ENTITY REGULATION OF STOCK EXCHANGES
Author(s) -
А. М. Вихристюк
Publication year - 2020
Publication title -
ûridična nauka
Language(s) - English
Resource type - Journals
ISSN - 2222-5374
DOI - 10.32844/2222-5374-2020-106-4-1.09
Subject(s) - stock exchange , restricted stock , market maker , commission , business , stock market , primary market , stock market bubble , capital market , accounting , law , finance , political science , paleontology , horse , biology
The relevance of the article is that the stock market is the main system-forming channel of capital movement in today's globalized world. It is possible to reliably assess the real significance of the stock market and ensure the full realization of all its capabilities only if the study of risks, which is inevitably accompanied by this civilizational phenomenon. To the same extent, this fact highlights the problem of minimizing the financial risks that accompany the stock market and its infrastructure. The purpose of the article is to systematically analyze the norms of current legislation, as well as the positions of scholars of administrative law and economics, to reveal the administrative and legal status of the National Commission on Securities and Stock Market as a subject of stock exchange regulation. The article reveals the administrative and legal status of the National Commission on Securities and Stock Market as a legal position of the main subject of administrative and legal regulation of stock exchanges, endowed with authoritative regulatory and supervisory powers, within which the legal relationship between the state and stock market participants. The content of the administrative and legal status of the National Commission on Securities and Stock Market is determined. It is concluded that the administrative and legal status of the National Commission on Securities and Stock Market is the legal status of the main subject of administrative and legal regulation of stock exchanges, endowed with authoritative regulatory and supervisory powers, within which the legal relationship is established. between the state and stock market participants. In terms of content, the administrative and legal status of the National Commission on Securities and Stock Market is a voluminous category that includes tasks (regulation and control of stock exchanges); powers (transformed into administrative tools, which can be divided into the issuance of acts, provision of services, control and supervision, prosecution, cooperation in the development of the stock market).