本文選題：儲(chǔ)架注冊(cè)制度 + 證券發(fā)行��； 參考：《湖南大學(xué)》2012年碩士論文

【摘要】：儲(chǔ)架注冊(cè)制度，又稱“櫥柜式發(fā)行”或“貨架發(fā)行”，是源于美國的一項(xiàng)證券發(fā)行制度，是指在證券發(fā)行中允許公司對(duì)近期將發(fā)行的證券進(jìn)行預(yù)先登記，經(jīng)監(jiān)管部門一次審核后，公司在審核資金額度范圍內(nèi)進(jìn)行分次募集。美國證券交易委員會(huì)頒布“規(guī)則415”規(guī)定了十類證券可以適用儲(chǔ)架注冊(cè)制度。通過頒布《簡化初次證券發(fā)行注冊(cè)的程序》對(duì)儲(chǔ)架注冊(cè)制度的相關(guān)規(guī)定進(jìn)行了補(bǔ)充與完善。儲(chǔ)架注冊(cè)的信息披露通過基礎(chǔ)招股說明書、招股說明書修正稿和補(bǔ)充說明書來完成。自動(dòng)儲(chǔ)架注冊(cè)制度和基礎(chǔ)招股說明書制度是儲(chǔ)架注冊(cè)制度的兩個(gè)主要配套制度。儲(chǔ)架注冊(cè)制度是美國統(tǒng)一證券法進(jìn)程中的一項(xiàng)制度創(chuàng)新，美國證券監(jiān)管理念的變化是儲(chǔ)架注冊(cè)制度產(chǎn)生的重要影響因素。儲(chǔ)架注冊(cè)制度是美國證券監(jiān)管理念不斷發(fā)展與信息披露制度逐步完善的產(chǎn)物�；趦�(chǔ)架注冊(cè)制度產(chǎn)生的規(guī)范資金流向、降低發(fā)行成本、提高融資效率和保護(hù)證券市場中小投資者等積極效應(yīng)，許多國家借鑒美國的成功經(jīng)驗(yàn)，建立了類似制度。我國實(shí)踐中也存在著一些非正式的儲(chǔ)架發(fā)行，，為我國儲(chǔ)架發(fā)行制度的建立進(jìn)行了有益的探索。我國現(xiàn)行相關(guān)法律制度的完善掃清了儲(chǔ)架發(fā)行制度的法律障礙，證券市場監(jiān)管核準(zhǔn)制向著注冊(cè)制的不斷發(fā)展為儲(chǔ)架發(fā)行的實(shí)現(xiàn)創(chuàng)造了條件。隨著配套制度的逐步完善，結(jié)合我國目前的市場環(huán)境和制度環(huán)境，未來宜在上市公司再融資領(lǐng)域建立我國儲(chǔ)架發(fā)行制度。適用主體宜限于3年內(nèi)持續(xù)履行信息披露，且無虛假信息和違規(guī)記錄的上市公司；儲(chǔ)架發(fā)行人通過援引定期報(bào)告中的信息和對(duì)基礎(chǔ)招股說明書的及時(shí)補(bǔ)充與更新進(jìn)行信息披露；適用儲(chǔ)架發(fā)行的有效期定為2年。
[Abstract]:The registration system of the shelf, also known as "cabinet type issue" or "shelf issue", is a securities issuance system derived from the United States. It means that the company allows the company to register the securities that will be issued in the near future in the issue of securities. After a review by the regulatory agency, the company carries out sub collection within the scope of the amount of funds. The Committee enacted "Rule 415" to set up the registration system for the storage shelf of ten types of securities. Through the promulgation of the procedure for the reduction of the registration of the initial securities issuance, the regulations of the registration system for the storage shelf are supplemented and perfected. The information disclosure of the registration of the storage shelves through the basic prospectus, the revised draft of the prospectus and the supplementary instructions are completed. The registration system and the basic prospectus system are the two main supporting systems of the registration system of the storage frame. The registration system of the shelf is a system innovation in the process of United States unified securities law. The change of the concept of securities regulation in the United States is an important factor in the production of the registration system of the storage shelf. The product of the continuous development of management and the gradual improvement of the information disclosure system. Based on the standardized capital flow produced by the registration system of the storage shelf, reducing the cost of issuing, raising the efficiency of financing and protecting the small and medium investors in the securities market, many countries have learned from the successful experience of the United States and established a similar system. The issuance of some informal storage shelves has made useful exploration for the establishment of the system for the distribution of storage shelves in China. The improvement of the current relevant legal system in China has cleared the legal obstacles to the distribution system of the storage shelves, and the supervision and approval system of the securities market has created the conditions for the storage of the storage shelves. Good, combining with the current market environment and institutional environment of our country, it is advisable to set up our country's storage system in the field of refinancing of Listed Companies in the future. The applicable subject should be limited to the listed companies that carry out information disclosure within 3 years and have no false information and record of violation. The information is disclosed in the timely supplement and update of the Ming book, and the validity period of the application is 2 years.
【學(xué)位授予單位】：湖南大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類號(hào)】：D971.2;D922.287

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本文編號(hào)：2112807