Regulating EU Capital Markets Union : Volume II: Market Conduct and Corporate Disclosure in a European Code

The current framework of EU regulation concerning capital markets is complex and partly inconsistent in the way that it is applied in the various Member States.Through the Capital Markets Union (CMU) project the European Union is pursuing the goal of establishing a true single market for capital in Europe.Regulating EU Capital Markets Union: Market Conduct and Corporate Disclosure in a European Code is the second of a two-volume series proposing the codification of EU legislature as a way to establish this goal. This volume focuses on a reform of market abuse, short selling, corporate disclosure and public takeovers.In doing so, it considers the fact that financial markets law is now characterized by the idea of promoting sustainable investments.In addition, the book proposes to introduce union wide civil liability and to harmonise administrative sanctions.A higher degree of harmonisation will foster greater market integration and remove barriers to cross-border activity. A holistic co