论开放式基金受托人的实际缺位

作为开放式基金运行的法律保障,我国《信托法》和《证券投资基金法》基本勾勒了其法律框架,在肯定开放式基金信托性质的基础上把保护投资人利益提到了重要位置。然而由于基金管理公司身兼受托人和基金管理人双重身份,使得信托关系名存实亡,投资人利益因此极易受到侵害。本文在指出开放式基金受托人缺位这一事实的同时,对我国基金托管人应当具备的法律地位及其权利义务进行了探讨,并期望《证券投资基金法》的配套法规能解决好这一问题,以免出现与信托法理相悖的尴尬现象。

Analysis on the Actual Law Default of Open-end Fund's Trustee

As the legal guarantees to the operation of Open-end fund, China's"Trust Law"and"Law on Fund Investing in Securities"outline the legal framework for it, which put emphasis on the protection of investor's advantages on the basis of affirming the open-end fund's trust character. However, because fund management companies in China play double roles of both trustee and fund manager at present, investors' advantage are seriously harmed. In this paper, the author discusses the legal status and rights & obligations of trustee, and hopes the correlative acts of"Law on Fund Investing in Securities"can solve above issues.