Cartea "Capital Markets Law and Compliance"

Capital Markets Law and Compliance   Inchide

The Markets in Financial Instruments Directive (MiFID) is a detailed re-writing of the regulation of capital markets. To the extent those rules permit, the Financial Services Authority (FSA) is also introducing high-level ‘principles-based regulation’. In response to this, Paul Nelson presents practical guidance on the regulation of the capital markets, ranging from new issues and IPOs to investment banking, broker-dealing and asset management. All laws and rules relevant to the regulation of the capital markets are explained and put into context within the economic operation of markets, institutions and products, the European Single Market, the FSA’s policies and objectives, the historical evolution of the regulations and the general civil and criminal law. Drawing on 30 years experience as a practitioner, and referring to a vast range of supporting materials, the author provides an insightful analysis and critique of the rules, the rule makers and the institutions.



• Makes extensive use of all relevant regulatory material, giving the reader a complete understanding of the rules and ability to work with them, particularly in the context of principles-based regulation • Explains all areas of capital markets regulation, enabling the reader to understand the complex interaction of all rule areas relevant to a particular problem • Contains separate chapters for particular types of institution and market operation, enabling the reader to focus on relevant materials for solving a particular problem.



Contents



Part I. Evolution of Capital Markets Regulation, FSA and the European Single Market: 1. Introduction; 2. FSMA and the single market; Part II. Licensing and Rule Application: 3. Licensing; 4. The application of FSA MiFID Rules; Part III. The Firm’s Infrastructure: 5. Systems and controls; 6. Conflicts of interest; 7. Client property; Part IV. Conduct of Business: 8. Client classification and client documentation; 9. Principles of conduct; 10. Marketing investments; 11. Advising clients; 12. Improper behaviour in dealing and executing orders; 13. Dealing and executing orders; 14. Exchanges and MTFs; Part V. Application of MiFID to Particular Businesses: 15. Corporate finance; 16. Broker-dealers; 17. Asset managers; 18. Trustees; 19. Retail intermediaries.

Inchide