judicial interpretation Mainland China Translation unavailable

SPC Provisions on Securities Market False-Statement Civil Compensation

最高人民法院关于审理证券市场虚假陈述侵权民事赔偿案件的若干规定

The core judicial interpretation for civil liability arising from false statements in securities issuance and trading, covering acceptance, jurisdiction, materiality, causation, fault, defenses, joint liability, and loss calculation.

Use It For

Use this for any Unit 8 problem involving listed-company disclosure misstatements, omissions, delayed disclosure, transaction causation, loss causation, or liability allocation among issuers, directors, controllers, and intermediaries.

Teaching Notes

This interpretation is the litigation bridge between public-market disclosure duties and private investor compensation.