An effective supervision system is the system which can identify and prevent risks from occurring in a timely manner and not the one which can only compensate losses afterwards.

一个有效的证券监管系统应该是能够对风险进行及时预防的系统，而不是仅在风险发生后进行消极补救的系统。

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But the system's "non-market" quality and its afterwards supervision feature determine that it could only be transitional.

但这种制度安排的“行政性”而非“市场性”属性，以及事后监督而非全程监督等原因，决定了稽察特派员制度的过渡性。

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