This book provides an extensive and critical assessment of the EC's system of securities and investment-services market regulation or EC securities regulation. With the introduction of the Euro, the rapid evolution of EC securities markets and the adoption of the 1999 Financial Services Action Plan, completion of the single market in securities and investment services has emerged as a high profile priority at EC level. While the main planks of the legal framework of the single market in securities and investment services are now in place, the strains which the rapidly developing EC securities market is placing on this regime are also becoming apparent as EC capital markets deepen, stock exchanges link up, trading platforms develop, and retail investors, through the internet, are exposed to the wider EC marketplace. The object of this book is to consolidate and provide a critical assessment of this important body of law and its underlying policies and themes at a critical point in its development.
While the book assesses how EC securities regulation has sought to construct a single market in securities and investment services, it also evaluates the substantive rules of the regime, including the EC issuer-disclosure regime, the prudential and protective rules applicable to investment-services providers and the securities-trading markets regime, as well as the relevant Treaty provisions and the case law of the Court of Justice. The text also deals with the most recent developments in the area, including the progress towards completion of the Financial Services Action Plan, the implications of the Lamfalussy law-making model and the review currently underway of the pivotal Investment Services Directive.
Rezensionen / Stimmen
will interest all those engaged in Financial Services Regulation be they students, scholars, policy researchers or practitioners. KnowEurope ... an essential analysis of Community securities regulation as it has developed, an analysis that will be critical to the understanding of the regime that eventually emerges and should be influential in shaping its continuing evolution. European Law Review This latest contribution to the Oxford EC Law Library series is both important and timely. It is important in delineating and placing on the map, as a discrete subject, that body of Community law that can now be regarded as its securities regulation regime and in producing such an authoritative text on the subject. European Law Review ... a 'must' for all those who are looking for a highly informative guide in the field of securities regulation, be they academics, practitioners or regulators. European Business Organization Law Review ... an extremely useful tool that is the first of its kind in this field. This book can either be used as a comprehensive guide to EC securities regulation or as a research tool in specific thematic areas, given that each chapter is autonomous in se. European Business Organization Law Review This book is destined to become a benchmark in its field ... the more one reads, the more one is impressed by the quality and thoroughness of the analysis. European Business Organization Law Review ... an excellent analysis of existing regulation and an invaluable guide to the emerging regime. The Cambridge Law Journal ... the overall structural and conceptual analysis is very detailed, and lucidly reveals common features of substantive EC securities regulation. The Cambridge Law Journal ... the first comprehensive study of EC securities regulation that both introduces its regulatory content and, in a more analytical approach, tries to distil its underlying principles from the patchwork of sources, to allow systematisaion and critical evaluation. The book is timely, as the amount of legislation produced by European institutions makes an attempt at consolidation and analytical penetration ever more indispensable. The Cambridge Law Journal
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Höhe: 234 mm
Breite: 156 mm
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ISBN-13
978-0-19-826891-8 (9780198268918)
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Schweitzer Klassifikation
1. INTRODUCTION; 1. Overview of the EC Securities Regulation Regime: The Historical, Market, and Legal Context; 2. THE REGULATION OF SECURITIES OFFERINGS AND INVESTMENT PRODUCTS; 2. The Securities Directives: Background, the Treaty Free Movement Context and Themes; 3. Admission of Securities to Listing; 4. The Disclosure Regime; 5. The Regulation of Collective Investment Schemes; 3. THE REGULATION OF INVESTMENT SERVICES; 6. The Investment Services Regime: Background, the Treaty Free Movement Context and Themes; 7. Single Market Making and the Investment Services Passport; 8. Prudential Regulation of Investment Services Providers; 9. Conduct of Business Regulation of Investment Services Providers and Investor Protection; 10. The Investor Compensation Regime; 11. Stock Exchange Regulation; 12. Clearing and Settlement; 4. THE CONTROL OF SECURITIES MARKETS ABUSES; 13. Insider Dealing; 14. Market Manipulation; 5. THE REGULATION OF TAKEOVERS; 15. Takeover Regulation and the Takeovers Directive; 6. THE INSTITUTIONAL STRUCTURE; 16. The Institutional Structure of EC Securities Regulation and Supervision; Index
