Author(s)

Wei Jiang

Corresponding Author

Wei Jiang

ABSTRACT

The core of the registration system lies in the information disclosure system. The function of the civil liability system helps to regulate the misrepresentation and promote the improvement of the information disclosure system of the securities market. The civil liability system for the false statement currently faces the dilemma of both physical and procedural difficulties. The abolition of the civil liability pre-procedure is a key measure to resolve the predicament of the false civil liability system procedure, clarify that there is no real joint and several liability between the persons responsible for the false statement, and strictly establish the civil liability for the behavior of the false false statement based on the presumption of causality, Making the definition of the disclosure date of the false statement flexible, and unifying the starting point of the statute of limitations for false statement cases is an indispensable path to improve the civil liability system for false statements.

KEYWORDS

False statement, Pre-procedure, Causality, Inducement, Statute of limitations