证券市场制度性缺陷是开放式基金流动性风险外生性诱因。
The institutional defect of securities market is the exogenous reason causing liquidity risk of the open-ended fund.
由于人们对行政裁决的认识不够及制度性缺陷，行政裁决作用发挥不够理想。
Since people have not enough knowledge of administrative ruling, they can not give full play of it.
而我国现行民事诉讼法关于级别管辖的规定不够完善，甚至还存在制度性缺陷。
But the prescription about rating jurisdiction in our current law of civil litigation isn't perfect enough, even exists defects on systems.
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