月旦知識庫
 
  1. 熱門:
 
首頁 臺灣期刊   法律   公行政治   醫事相關   財經   社會學   教育   其他 大陸期刊   核心   重要期刊 DOI文章
月旦法學雜誌 本站僅提供期刊文獻檢索。
  【月旦知識庫】是否收錄該篇全文,敬請【登入】查詢為準。
最新【購點活動】


篇名
台灣證交法強制公開收購制度之合憲性及改革論議
並列篇名
On the Constitutionality of the Mandatory Public Tender Offer Rule in the Taiwanese Securities Exchange Act and Its Reform Issue
作者 劉宗德 (Tsun-Te Liu)
中文摘要
臺灣證券交易法強制公開收購制度,係於二○○二年修法增訂,限制行為人取得股份應以公開收購方式為之,對於義務違反者亦定有刑事制裁之罰則。當立法者以刑事制裁作為公開收購義務履行確保之手段時,勢必涉及憲法與行政法二種層次之檢驗,前者涉及「規制目的與規制手段合憲與否」之爭議,後者則為「金融規制行政上法執行實效性有無」之問題。由現行證券交易法第四三條之一第三項規定觀之,其以不確定法律概念作為犯罪構成要件,而有違反法律明確性原則之嫌;且於罪刑法定主義與刑罰謙抑主義之精神下,系爭規範亦有違反比例原則之虞。本文對此將參照日本法制經驗,就規制緩和下軟法治理、自主規制、共同規制等概念予以介紹,針對臺灣證券交易法強制公開收購制度進行檢證,並以金融規制改革之觀點進行實質合憲性分析,俾供臺灣學理與實務參考。
英文摘要
In Taiwan, the mandatory public tender offer rule was introduced in the amendment of the Securities Exchange Act in 2002. It requires bidder to make offer publicly to purchase stocks; criminal penalties are imposed on violators. In order to examine constitutionality and legitimacy of this rule, however, the legitimacy of regulatory purpose, moderateness and necessity of regulation should be further examined. Especially, if the legislator imposes criminal penalties as measure to enforce this rule, it needs to pass the tests of constitutional law and administrative law. The former relates to the constitutionality of regulatory purpose and measure; the latter relates to the effectiveness of monetary regulations enforcement. The current provision of Section 43-1 (3) of the Securities Exchange Act uses undefined legal term as a crime requirement, it might violate against the principle of legal clearness. Under the perspective of legality principle and moderation principle in criminal law, can this rule meet the rule of legislative reservation and the principle of legal clearness? Can its regulatory purpose and measure meet the proportionality principle? This study refers to the experiences of the Japanese law, introduces the concepts such as soft law governance, self-regulation and co-regulation, and further examines substantial constitutionality of this rule from the viewpoint of monetary regulation reform.
起訖頁 74-92
關鍵詞 強制公開收購刑罰謙抑主義軟法治理自主規制共同規制Mandatory Public Tender OfferModeration Principle in Criminal LawSoft Law GovernanceSelf-RegulationCo-Regulation
刊名 月旦法學雜誌  
期數 201510 (245期)
出版單位 元照出版公司
DOI 10.3966/102559312015100245005   複製DOI
QRCode
該期刊-上一篇 溫減法,然後呢?──法律學者評新通過溫減法
該期刊-下一篇 地理標示保護之商標法與公平交易法的交錯
 

新書閱讀



最新影音


優惠活動




讀者服務專線:+886-2-23756688 傳真:+886-2-23318496
地址:臺北市館前路28 號 7 樓 客服信箱
Copyright © 元照出版 All rights reserved. 版權所有,禁止轉貼節錄