论受托人谨慎投资义务

信托法律关系当事人包括委托人、受托人和受益人,受托人处于核心地位,受托人制度无疑是信托法中最重要的内容。受托人制度既赋予受托人自由裁量权,也限制受托人的权力以控制受托人的不当行为。受托人的义务包括忠实义务、谨慎投资义务和管理义务,尤其是受托人的谨慎投资义务因信托投资实践的发展,而愈益受到重视,成为信托法对受托人进行规制的重点。我国现行信托法律对受托人谨慎投资义务的设计存在欠缺,因此建议信托法应当明确受托人禁止投资的项目,并由受托人对恪尽投资谨慎义务承担举证责任。

On Trustee's Duty of Prudent Investment

Due to the fundamental position of the trustee,the trustee system is undoubtedly the most important content of trust law.It not only authorizes the trustee power,but also limits the power of the trustee in order to straighten the unlawful doings of trustee.The duty of the trustee includes faith,prudent investment and management.The duty of prudent investment in particular,with the practice of trust investment,has attracted more and more attention and has become the focus of regulation exerted on the trustee by the trust law.There is some deficiency regarding the trustees’ prudent investment in the current trust law in China,therefore,it is suggested the items that are not open for the trustee to invest should be explicitly provided in the trust law,and the trustee should bear the obligation to prove that the investment is prudent.