European Capital Markets Law

European Capital Markets Law

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European capital markets law has developed rapidly in recent years. The former directives have been replaced by regulations and numerous implementing legal acts aimed at ensuring a level playing field across the EU. The financial crisis has given further impetus to the development of a European supervisory structure. This book systematises the European law and examines the underlying concepts from a broadly interdisciplinary perspective. National experiences in selected Member States - Austria, France, Germany, Italy, Spain, Sweden and the United Kingdom - are also explored.

The first chapter deals with the foundations of capital markets law in Europe, the second explains the basics, and the third examines the regime on market abuse. Chapter four explores the disclosure system and chapter five the roles of intermediaries, such as financial analysts, rating agencies and proxy advisers. Short selling and high frequency trading is described in chapter six. Chapter seven deals with financial services and chapter eight explains compliance and corporate governance in investment firms. Chapter nine illustrates the regulation of benchmarks. Finally, chapter ten deals with public takeovers. Throughout the book emphasis is placed on legal practice, and frequent reference is made to the key decisions of supervisory authorities and courts.
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Product details

  • Paperback | 848 pages
  • 169 x 244 x 40.64mm | 1,241g
  • Hart Publishing
  • Oxford, United Kingdom
  • English
  • Revised
  • 2nd Revised edition
  • 1782256520
  • 9781782256526
  • 915,459

Table of contents

Foundations of Capital Markets Legislature in Europe
1. History
2. Concept and Aims of Capital Markets Regulation
3. Legislative Powers for Regulating Capital Markets in Europe
4. Process and Strategies of Capital Markets Regulation in Europe
5. Sources of Law and Principles of Interpretation
6. Dogmatics and Interdisciplinarity
Basics of Capital Markets Law
7. Capital Markets
8. Financial Instruments
9. Market Participants
10. Access to the Markets and Market Exit
11. Capital Markets Supervision in Europe
12. Sanctions
Market Integrity
13. Foundations
14. Insider Dealing
15. Market Manipulation
Disclosure System
16. Foundations
17. Prospectus Disclosure
18. Periodic Disclosure
19. Disclosure of Inside Information
viii Summary Contents
20. Disclosure of Major Holdings
21. Directors' Dealings
22. Access to Information
23. Disclosure of Corporate Governance Issues
Trading Activities
24. Short Sales and Credit Default Swaps
25. Algorithmic Trading and High-Frequency Trading
26. Financial Analysts
27. Rating Agencies
28. Proxy Advisors
Financial Services
29. Foundations
30. Product Governance and Product Intervention
31. Investment Advisory Services
Organisational Requirements for Investment Firms
32. Compliance (Foundations)
33. Compliance (Organisational Requirements)
34. Corporate Governance
Regulation of Benchmarks
35. Foundations
36. Market Supervision and Organisational Requirements
Takeover Law
37. Foundations
38. Public Takeovers
39. Disclosure of Defensive Structures and Mechanisms
40. Mandatory Bid
41. Review and Outlook
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Review Text

The book edited by Professor Rüdiger Veil is of great interest. It opens ways of thinking and addresses numerous issues clearly. It deserves really to be in our bookcases. Thierry Bonneau Journal of International Banking Law and Regulation, Volume 28, Issue 9
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Review quote

The book edited by Professor Rudiger Veil is of great interest. It opens ways of thinking and addresses numerous issues clearly. It deserves really to be in our bookcases. -- Thierry Bonneau * Journal of International Banking Law and Regulation, Volume 28, Issue 9 * ... this book provides a good overview on European capital markets law....It explains the general law clearly and it also provides valuable information, in an easy to follow manner, on the various relevant directives. The structure of the book is commendable...It is also practical to have both a shortened and a more detailed list of contents...Students should specifically benefit from this book...The book should also be of value to researchers and practitioners. It can be used as an easy-to-follow guide on the various Directives and the underlying concepts of financial markets law. This book should also provide a good basis for further research to be conducted in this area of law, be it from a European perspective, or from an internationally comparative viewpoint... a valuable source of reference to both practitioners and academics... I would recommend this book. -- Irene-Marie Esser * Law and Financial Markets Review * This book contains some excellent material and is a worthwhile contribution to the study of the European capital markets law...a comprehensive study of the main features and foundations of European capital markets regulation. The richness, clarity and nuances of the structure and methodology followed by the contributors make the book a very valuable tool for students, researchers, and practitioners seeking to obtain a general understanding of the market and how it is regulated. -- Ligia Catherine Arias Barrera * Banking & Finance Law Review, August 2014 *
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About Rüdiger Veil

Rudiger Veil is a professor at Bucerius Law School, Hamburg and director of the Institute for Corporate and Capital Markets Law.
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