Course teached as: B019207 - FINANCIAL SERVICES AND MARKETS LAW Second Cycle Degree in FINANCE AND RISK MANAGEMENT
The course examines the EU's regulation of the capital markets. It considers the harmonized regulatory regime which applies to capital market actors across the Member States and which supports the integrated market.
R. VEIL (ed.), European Capital Markets Law, Oxford and Portland, Oregon, Hart Publishing, 2017.
The aim of the course is to prepare students in quantitative disciplines to consider the institutional view of the capital markets and to learn their european regulatory regime.
Knowledge of private, public, commercial and European Union law fundamentals.
Students, included not attending, can find the educational material on 'e-l.unifi.it'.
Type of Assessment
Multiple choice written test and oral exams.
The topics covered include: the foundations of capital markets legislature in Europe focusing on the strategies adopted for market integration and on the role of law; the basics of capital markets law regarding capital markets, financial instruments, market participants and the regulatory authorities, including the role of the European Securities and Markets Authority; the regulation of insider dealing and market manipulation, other than short selling; the prospectus and disclosure regime; market access of investment firms and the passport for investment services; compliance in investment firms; financial analysts; rating agencies.