Financial law.

Summary The back cover states: "The changes in terminology - we no longer speak of stock market law, but now of financial law - reflect fundamental changes. The changes that have affected the financial markets, whose regulation and supervision have evolved profoundly since the end of the 1980s, with the European construction and the 2008 crisis having had an undeniable impact that goes beyond the markets to affect French society as a whole, have been considerable in this respect. A similar observation is true of the new technologies that have transformed financial market practices. This book, which takes into account both the national context and the European and international contexts, aims to present the main rules applicable to authorities (AMF and ESMA), markets (trading platforms, market processes), market abuse (insider trading and price manipulation), issuers and professionals (ISPs, (ISPs, clearing houses and central depositories), products (financial securities such as shares and bonds as well as tokens and financial contracts), information (prospectuses), transactions (IPOs, takeover bids, ICOs and financial collateral arrangements), collective investment management (UCITS and FIAs) and taxation. As the subject matter is increasingly complex due to the diversity (international, European and French) and the volume (thousands of pages!) of the sources, the approach has been to prioritize the concepts presented in order to facilitate the understanding of the subject matter. The objective has also been to provide a large amount of information and to express positions so that the book can be useful to both professionals and students. The book is up to date with the reforms, in particular the Pacte law of May 22, 2019, the provisions of the AMF General Regulation which specify the ICO regime, the delegated regulations of March 14, 2019 which complete the prospectus regulation of June 14, 2017 and the EMIR REFIT regulation of May 20, 2019."