证券交易所公私混合的主体属性决定了适用正当程序原则的特殊性。境外的司法判例和相关的理论变迁证实了交易所具体自律管理行为的非同质性,正当程序原则的适用要考虑权利类型和行为性质,遵循有限适用的原则。文中结合交易所自律管理的实际情况,对有限性的指导原则和具体内容进行了制度架构,并交待了相应的实现路径。 The subjective attribute of the public-private hybrid stock exchange determines the particularity of the principle of due process. Judicial jurisprudence and related theoretical changes abroad confirm the non-homogeneity of the specific self-regulatory behaviors of the exchanges. The application of the due process principles should consider the types of rights and the nature of the acts, and follow the principle of limited application. In this paper, based on the actual situation of the self-regulation of exchanges, the institutional framework of the guiding principles and specific contents of the limitations is given and the corresponding realization path is explained.