On the Construction of Legal System of On-Exchange Data Trading
It is put forward in the"20 Articles of Regulation on Data"to"improve and standardize the rules for data circulation,establish a trading system that promotes usage and circulation and combines with over-the-counter and on-exchange trading,standardize and guide over-the-counter trading,and cultivate and strengthen on-exchange trading."Standing committee of people's congress,governments,government departments and data exchanges in various places,represented by Beijing,Shanghai,Guangzhou,Shenzhen and Guiyang,have started to take measures to improve regulations on data trading,measures on exchange management and rules(norms)on data trading.However,the phenomenon of lack of coordination is serious and there is no national legislation for uniform application.Although laws including Data Security Law,rules and normative documents involve on-exchange data trading in a certain extent,they are too abstract and principled to operate better.It is advisable to take the public-interest nature,characteristics as an operator and features as an intermediate of a data trading exchange into account,establish the corresponding legal system on on-exchange data trading,promulgate Law on On-exchange Data Trading,develop safe,reliable,trustworthy and traceable data trading platforms,provide guidance to trading parties on participating in on-exchange trading,and standardize data trading market order.
On-Exchange Data TradingData ExchangeCharacteristicLegal System Construction