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一,前言日本从1948年制定《证券交易法》至2005年制定《金融商品交易法》对有价证券发行一直采用申报注册制。所谓申报注册制的基本内涵就是发行人可以根据自己需要自由地发行有价证券,
I. Preface Japan has adopted a reporting and registration system for securities issuance since the enactment of the Securities Exchange Law in 1948 and the enactment of the Financial Instruments and Exchange Law in 2005. The so-called declaration registration system is the basic content of the issuer can freely issue securities according to their own needs,