摘要： 21世纪以来，英德日韩等国金融法制出现了从纵向金融行业规制到横向金融商品规制的发展趋势。2006年日本将《证券交易法》改组为《金融商品交易法》，把证券、信托、金融期货、金融衍生品等大部分金融商品进行一揽子、统合性的规范，构建了一个横向化、整体覆盖金融服务的法律体系。金融危机爆发后，美国也深刻认识到其纵向监管机构对不断创新的金融商品缺乏横向统一规制的问题。本文考察国际金融法制的横向规制趋势，从金融商品和金融业的横向规制两个角度，对日本《金融商品交易法》的适用范围、行业规制、行为规制、投资者种类、自律规制机关等内容进行全面分析，进而探讨我国应对金融横向规制趋势的法律对策。

关键词: 金融法制, 横向规制, 金融商品, 统一监管

Abstract: With the advent of the 21st century, there has been a trendency in the financial legal system that the vertical finan-cial industrial regulation tends to be replaced by the horizontal financial products regulation, which is proven typical incountries such as the United Kingdom, Germany, Japan and the Republic of Korea. In 2006，Japan modified its “Secu-rities Exchange Act” to “Financial Commodity Trading Act”，integrating the securities, trust, financial futures, financialderivatives and other financial products for the purpose of regulation. This gives rise to a legal system that covers with the financial service horizontally and overall in Japan. As the financial crisis breaks out, America recognizes that its verticalfinancial industrial regulation is not sufficient to regulate the innovative financial products. From the perspective of finan-cial products and financial industrial horizontal regulation, this article gives comprehensive analysis on the content of “Fi-nancial Commodity Exchange Act”，such as the application scope, industry regulation, behavior regulation, investortype, and self-regulatory system of organs. At the end of the article, the author has some references for China to adoptand studies of how to cope with the tendency of horizontal regulation of the financial legal system.

Key words: Financial Legal System, Horizontal Regulation, Financial Products, Unified Supervision