This book gives systematic insight into the principles underlying EU capital market law which has developed from a narrowly defined matter for legal specialists to a core component of modern business law. It analyses key EU capital market legislation such as MiFID, IFD, MAR, ProspR, EMIR, UCITSD and AIFMD and examines their interrelationships, always aiming to foster a practical understanding of the law.
Utilising 30 years’ experience as practitioner and scholar in the field, Rüdiger Litten provides an accessible overview of the rules governing the capital market. The book examines the regulation of capital market actors (banks, investment firms, asset managers) with regard to their governance and behaviour, as well as the marketing and trading of capital market products (financial instruments such as securities, derivatives, investment fund units). It also explores contemporary issues pertaining to digitalisation and sustainability of the capital market, with a particular focus on MiCAR, and the many components of the EU Commission’s ESG Action Plan.
Covering all major areas of EU capital market law, this book is a vital resource for students of European law, finance and banking law, and financial regulation and economics. It also provides practical advice for capital market lawyers and financial advisors.