Includes bibliographical references and index.

Preface List of Contributors List of Abbreviations -- 1. Foundations of Capital Markets Legislature in Europe -- 1. History (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 2. Concept and Aims of Capital Markets Regulation (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 3. Legislative Powers for Regulating and Harmonising Capital Markets in Europe (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 4. Rule-Making Process (Fabian Walla, Norddeutsche Landesbank, Germany) -- 5. Sources of Law and Principles of Interpretation (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 6. Intra- and Interdisciplinarity (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 2. Basics of Capital Markets Law -- 7. Capital Markets (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 8. Financial Instruments (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 9. Market Participants (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 10. Crypto Assets and DLT Marketinfrastructures (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 11. Capital Markets Supervision (Fabian Walla, Norddeutsche Landesbank, Germany) -- 12. Sanctions (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 3. Market Abuse -- 13. Foundations (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 14. Insider Dealing (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 15. Market Manipulation (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 4. Disclosure System -- 16. Foundations (Hendrik Brinckmann, German Federal Ministry of Finance, Germany) -- 17. Prospectus Disclosure (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 18. Periodic Disclosure (Hendrik Brinckmann, German Federal Ministry of Finance, Germany) -- 19. Disclosure of Inside Information (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 20. Disclosure of Major Holdings (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 21. Directors' Dealings (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 22. Corporate Governance and Shareholder Rights (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 5. Trading Activities -- 23. Investment Objectives (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 24. Short Sales and Credit Default Swaps (Fabian Walla, Norddeutsche Landesbank, Germany) -- 25. Algorithmic Trading and High-Frequency Trading (Marcus Lerch, Freshfields Bruckhaus Deringer LLP, Germany) -- 6. Intermediaries -- 26. Financial Analysts (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 27. Rating Agencies (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 28. Proxy Advisors (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 7. Investment Firms -- 29. Foundations (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 30. Investment Services (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 31. Product Intervention (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 32. Compliance (Foundations) (Malte Wundenberg, Hengeler Mueller, Germany) -- 33. Compliance (Organisational Requirements) (Malte Wundenberg, Hengeler Mueller, Germany) -- 34. Corporate Governance (Malte Wundenberg, Hengeler Mueller, Germany) -- 8. Regulation of Benchmarks -- 35. Foundations (Malte Wundenberg, Hengeler Mueller, Germany) -- 36. Market Supervision and Organisational Requirements (Malte Wundenberg, Hengeler Mueller, Germany) -- 9. Takeover Law -- 37. Foundations (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 38. Public Takeovers (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 39. Mandatory Bid (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- 40. Defence Against Takeover Bids (Rèudiger Veil, Ludwig-Maximilians-Universität, Germany) -- Bibliography -- Subject Index -- Index of National Laws -- Index of National Laws by Country -- Index of Supervisory and Court Rulings

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"“The richness, clarity and nuances of the structure and methodology followed by the contributors make the book a very valuable tool for students... seeking to obtain a general understanding of the market and how it is regulated.” - Ligia Catherine Arias Barrera, Banking & Finance Law Review The fully updated edition of this user-friendly textbook continues to systematise the European law governing capital markets and examines the underlying concepts from a broadly interdisciplinary perspective. The 3rd edition deals with 3 central developments: the project of the capital markets union; sustainable finance; and the further digitalisation of financial instruments and securities markets. The 1st chapter deals with the foundations of capital markets law in Europe, the 2nd explains the basics, and the 3rd examines the regime on market abuse. Chapter 4 explores the disclosure system and chapter 5 short-selling and high-frequency trading. The role of intermediaries, such as financial analysts, rating agencies, and proxy advisers, is described in chapter 6. Chapter 7 explains compliance and corporate governance in investment firms and chapter 8 illustrates the regulation of benchmarks. Finally, chapter 9 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. This is essential reading for students involved in the study of capital markets law and financial law."-- Provided by publisher.

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