European Business Organization Law Review

Table of Contents - 2010 - Volume 11, Issue 03  

Articles

Enforcement of Capital Markets Law in Europe – Observations from a Civil Law Country

Rüdiger Veila1

a1 Rüdiger Veil is Professor at Bucerius Law School, Hamburg, and Director of the Institute for Corporate and Capital Markets Law at Bucerius Law School.

Abstract

The European capital markets law imposes no precise requirements as to its enforcement. The four Framework Directives only state that Member States are to ensure that appropriate sanctions are imposed. This article analyses the different approaches to supervision of stock markets in Europe and the enforcement through private law.

Keywords

  • European capital markets law;
  • enforcement;
  • supervision;
  • principle-based approach;
  • loss of (voting) rights;
  • civil liability