000 04653nam a2200505 i 4500
001 9781526514394
003 CaBNVSL
005 20240402115623.0
006 m o d
007 cr cn|||||||||
008 211028s2021 enk ob 100 0 eng d
020 _a9781526514394
_q(ebook)
020 _z9781526514387
_q(PDF)
020 _z9781526514363
_q(hardback)
020 _z1526514362
_q(print)
024 7 _a10.5040/9781526514394
_2doi
035 _a(OCoLC)1281197970
040 _aCaBNVSL
_beng
_erda
_cCaBNVSL
_dCaBNVSL
043 _ae------
050 4 _aK1331
_bN53 2021eb
082 0 4 _a346.240922
_223
100 1 _aNifadopoulos, Christos,
_eauthor
245 1 0 _aDealing in securities :
_bthe law and regulation of sales and trading in Europe /
_cChristos Nifadopoulos.
250 _aFirst edition.
264 1 _a[London, England] :
_bBloomsbury Professional,
_c2021.
264 2 _a[London, England] :
_bBloomsbury Publishing,
_c2021
300 _a1 online resource (440 pages).
336 _atext
_2rdacontent
337 _acomputer
_2rdamedia
338 _aonline resource
_2rdacarrier
505 0 _aChapter 1: Introduction -- Chapter 2: Authorising and Regulating Securities Dealing in Europe -- Chapter 3: Dealing in Securities and Primary Obligations -- Chapter 4: Market Abuse Regime in the EU -- Chapter 5: Insight: The Controversy on Dealing COmmissions and Unbundling -- Chapter 6: Insight: Multilateral and Bilateral Trading Systems -- Chapter 7: Mandatory Trading Obligations -- Chapter 8: Principal Trading - The Concept of Risk -- Chapter 9: Electronic Trading -- Chapter 10: Best Execution -- Chapter 11: Conclusions
506 _aAbstract freely available; full-text restricted to individual document purchasers.
520 _a"Begins with the essential questions: - whether brokerage and dealing in securities is regulated in a jurisdiction - what aspects of the activity could bring it in scope for authorisation; and - how it is determined which regulator has legal competence to supervise the business in scope. The recent liberalisation of national authorisation regimes across Europe in the wake of MiFID II and Brexit, which has resulted in tensions with recent attempts by the EU to harmonise centrally the single market authorisation regime, is fully addressed. It reviews the details of the activities of sales, sales trading, trading and execution, what they each constitute (with reference to established communication and order management systems), the potential conflicts of interest that they bring about for a firm and how such conflicts can be managed. Each of these activities are mapped against specific regulatory obligations, such as best execution, pre- and post-trade transparency, inducements, dealing commissions rules, the short selling regime and shareholder disclosures, depicting the obligations schematically to assist the practitioner. Also covers: - dealing commission unbundling, which has reformed the way the provision and consumption of independent research and corporate access are related to execution services, - the question of multilateral trading, in other words the point at which the activity of a broker becomes exchange-like and needs to be authorised as such, - principal trading and the ability of firms to advance risk to their clients in the wake of the Volcker rule in the United States and similar legislation in Germany and elsewhere, - the rise of Systematic Internalisers and the constraints imposed on them, such as the pre-trade transparency requirements and the tick size regime, and - electronic trading, algorithmic trading, direct electronic access and high frequency trading, as well as the risk control framework that is relevant to all these activities."--
_cProvided by publisher.
530 _aAlso published in print.
532 0 _aCompliant with Level AA of the Web Content Accessibility Guidelines. Content is displayed as HTML full text which can easily be resized or read with assistive technology, with mark-up that allows screen readers and keyboard-only users to navigate easily
538 _aMode of access: World Wide Web.
650 0 _aSecurities
_zEuropean Economic Community countries.
650 0 _aSecurities
_xLaw and legislation
_zEuropean Economic Community countries.
650 7 _aLaw,Banking law,International finance
_2bicssc
655 0 _aElectronic books.
776 0 8 _iPrint version:
_z9781526514363
856 4 0 _3Abstract with links to full text
_uhttps://doi.org/10.5040/9781526514394?locatt=label:secondary_bloomsburyCollections
975 _aBloomsbury Professional Law 2021
999 _c10956
_d10956