

Rüdiger Veil holds the Chair for Civil Law and Business Law at Ludwig-Maximilians-Universität, Munich.
Meer over Rüdiger VeilRegulating EU Capital Markets Union
Volume II: Market Conduct and Corporate Disclosure in a European Code
Samenvatting
The current framework of EU regulation concerning capital markets is complex and partly inconsistent in the way that it is applied in the various Member States. Through the Capital Markets Union (CMU) project the European Union is pursuing the goal of establishing a true single market for capital in Europe. Regulating EU Capital Markets Union: Market Conduct and Corporate Disclosure in a European Code is the second of a two-volume series proposing the codification of EU legislature as a way to establish this goal.
This volume focuses on a reform of market abuse, short selling, corporate disclosure and public takeovers. In doing so, it considers the fact that financial markets law is now characterized by the idea of promoting sustainable investments. In addition, the book proposes to introduce union wide civil liability and to harmonise administrative sanctions. A higher degree of harmonisation will foster greater market integration and remove barriers to cross-border activity.
A holistic codification follows the framework of Better Regulation, namely the principle of proportionality and of a comprehensive and coherent approach. The book proposes relief of regulatory burden for companies listed on regulated markets to incentivize growth companies to go public. Codification allows for a comprehensive approach, thus the consideration of all affected aspects. Furthermore, a codification fits into the objective of following a coherent approach- codification is consistent with the high-level and long-term policy objectives of the Capital Markets Union and the Savings and Investment Union.
Specificaties
Inhoudsopgave
2:Reflections on the Difference Between Company Law and Capital Markets Law, Jesper Lau Hansen
3:Protecting Legitimate Behaviour in the Market Abuse Regime, Jennifer Payne
4:Codifying the Prohibition to Disclose Inside Information, Morten Kinander
5:Disclosure of Inside Information, Matteo Gargantini and Carmine Di Noia
6:The Legal Framework for Managers' Transactions in the European Capital Markets Code, Jacek Dybiski & Krzysztof Oplustil
7:Transaction-based Market Manipulation: Essence, Basic Concepts and the Role of Private Enforcement, Rüdiger Veil & Azur Coulmas
8:Information-Based Manipulation by Action and by Omission, Vassilios D. Tountopoulos
9:Principles-based Regulation in the United Kingdom - A Legal Transplant for the European Capital Markets Code?, Carina Gabriella Schwarz
10:Foundations of Supervision and ESMA/NCA Powers in an ECMC, Jörn Axel Kämmerer
11:Short Selling - Prohibition and Disclosure, Dörte Poelzig
12:Disclosure and Financial Stability, Jacek Jastrzebski
13:Governance of Issuers, Claudia Sandei
14:Prospectus Disclosure - Core Principles at the Example of Equity Prospectuses, Sara Pietra Rossi & Giovanni Strampelli
15:Prospectus Liability Under Civil Law, Mathias Habersack
16:Continuous Disclosure in the U.S. and Europe, Marc Wiesner
17:Current Event Reporting: Polish Experiences, Jacek Jastrzebski
18:Integration in the European System of Secondary Market Disclosure, Chiara Mosca
19:EU Requirements for Disclosure of Major Holdings: Current State of Play and Possible Codification Improvements, Alain Pietrancosta
20:Disclosure for Financial Instruments - Current Situation and Perspective for the ECMC, Matthias Casper
21:Harmonization of Core Issues of Public Takeover Law in the ECMC, Andrés Recalde Castells & Martin Winner