LL4K9 Half Unit
European Capital Markets Law
This information is for the 2014/15 session.
Teacher responsible
Prof Niamh Moloney NAB6.08
Availability
This course is available on the MSc in Law and Accounting, MSc in Regulation, Master of Laws and Master of Laws (extended part-time study). This course is available with permission as an outside option to students on other programmes where regulations permit.
This course capped at 30 students. Students must apply through Graduate Course Choice on LSEforYou.
Course content
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. The topics covered include: the rationale for integration and the role of law and the evolution of the integration project, including the impact of the financial crisis; the deregulation, liberalization, harmonization, and re-regulation mechanisms used to integrate and regulate the EU market; market access and the passport for investment services; the liberalization of order execution and the regulation of trading markets; the UCITS mutual funds regime; retail investor protection; the prospectus and disclosure regime; the regulation of gatekeepers; and the institutional structure supporting regulation and supervision, including the role of the European Securities and Markets Authority. Course coverage may vary slightly from year to year.
Teaching
20 hours of seminars in the MT. 2 hours of seminars in the ST.
Formative coursework
One 2,000 formative essay will be set in MT.
Indicative reading
Reading lists will be provided in advance for each seminar. Sample texts include: Moloney, EC Securities Regulation, 2nd edition (2008); Chiu, Regulatory Convergence in EU Securities Regulation (2008); Skinner (ed), The Future of Investing in Europe's Markets after MiFID (2007); Ferrarini and Wymeersch (eds), Investor Protection in Europe. Corporate Law Making, the MiFID and Beyond (2006); Ferran, Building an EU Securities Market (2004); Avgerinos, Regulating and Supervising Investment Services in the European Union (2003).
Preliminary reading
Moloney, EC Securities Regulation (2008), chapter 1 and Ferran, Building an EU Securities Market (2004) chapters 1 and 2.
Assessment
Exam (100%, duration: 2 hours) in the main exam period.
Key facts
Department: Law
Total students 2013/14: 24
Average class size 2013/14: 23
Controlled access 2013/14: No
Lecture capture used 2013/14: No
Value: Half Unit
Personal development skills
- Communication
- Specialist skills