The Nature and the Jurisdictions of the Board of Arbitration of the Stock Exchange

In line with Article 36 of Stock Exchange Law enacted in 2005, the settlement of disputes among stock exchange practitioners or relevant third parties raised from the involvement in such affairs has been exclusively vested in the board of arbitrators of stock exchange market. Some significant issues concerning the jurisdiction and the judicial nature of this board have been raised. The jurisdiction of the arbitrator board has been expanded compared with the past covering cases which were previously dealt by legal advisors. Due to the lack of general conditions for arbitration such as it's optionally nature, the judicial nature of the arbitration here has fundamental differences with ordinary arbitration and only a nominal similarity can be seen. Secondly, due to the absence of necessary requirements, it cannot be called legal authority either. It seems to be more similar to non-judiciary authority