信托财产登记的制度功能是界定归属于信托的财产,厘清信托当事人的权利义务。信托财产登记的法律效果应为对抗主义。2016年底以来,我国实施了一系列建设统一集中的信托产品登记体系和信托受益权流通平台的法制努力,试图以此推进信托财产登记。但信托产品登记可能是信托财产登记的非必要非充分条件。信托财产登记时的确定性、唯一性不足;信托产品缺乏主体性、主体和信托财产的对应性不足,是法制建设需要解决的难点。一个适度分散的信托财产登记体系,较之统一集中的信托财产登记机构,可能对于交易安全别有价值。其形式可以多样化,不限于必须通过登记来实现物权变动生效的情形。在簿记登记中,可充分利用传统物权登记体系增添信托内容;在第三方主体处的账户托管存管安排可被视为实质性的信托财产登记;可在特殊领域逐步强化交易相对方对潜在信托权利的查询义务。

The registration of trust property could define the scope of trust property as well as the rights and obligations of trustors, beneficiaries and trustees. The effect of registrations is not to give birth to the effect of a trust, but to deny the claims from a third party. The establishment of China Trust Registration Company in the later 2016 and the issuance of Trust Registration Administration provisions and its detailed rule display centralized efforts to institutionalize trust product registration and a platform for the flotation of trust beneficial rights. However, trust product registration may be an unnecessary and nonsufficient condition for trust property registration. The lack of certainty and uniqueness of trust property and the lack of legal personification of trust, the lack of correspondence between trust product and trust property will constitute difficulties in the building of a registration system. The trust property registration could also be achieved in a moderately scattered approach through various ways for the sake of transaction safety. It is better to utilize the traditional property registration system to add trust information. Escrowing the property with a third party could be viewed as de facto trust property registration. It is desirable to enhance the obligation of inquiring potential trust property right for certain trading parties in special areas.