EU Securities Regulation: Developments and Enforcement

2015 Fiscal Year Final Research Report

• Project/Area Number: 25780069
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Civil law
• Research Institution: Osaka University
• Principal Investigator: Matsuo Kenichi 大阪大学, 法学(政治学)研究科(研究院), 准教授 (80388040)
• Project Period (FY): 2013-04-01 – 2016-03-31
• Keywords: 証券規制 / 不公正取引規制 / 開示規制 / 金融商品取引法 / EU指令

Outline of Final Research Achievements

This three-year study investigated the developments of securities regulation in EU, particularly focused on the legislative process of the Market Abuse Directive, Market Abuse Regulation, MiFID and MiFID II. This study also researched the enforcement process of securities regulation in the EU member countries, especially in the UK, Germany and France. In these three countries, the regulatory authorities (i.e. FCA, BaFin and AMF) adopted a similar but slightly different enforcement processes.
The results of this study will be useful materials in the future reform of Japanese securities regulation.

Free Research Field

民事法学