Financial Markets and Securities Law

The course addresses various matters in Italian and European capital markets and securities regulation. First of all, an analysis will be made on the matters related to the various securities traded in capital markets, from the notion of financial instruments to their dematerialization. Second, the course will address the role of the different players acting in capital markets and their services to clients, with separate understanding of the issues raised by financial services and the management of collective investment. Additional analysis will be made on the regulation of the investment and disinvestment solicitation and the obligation to publish the prospectus. Finally the course will deal with specific matters related to issuers' regulation and with the laws on market abuse and market manipulation.

1) Knowledge and understanding. Students shall demonstrate deep knowledge of capital markets and securities regulation and the role of the various players acting in the industry.
2) Applying knowledge. Students shall demonstrate ability to gather, interpret and apply the law and the regulation included in the program to practical cases.
3) Making Judgment. Students shall demonstrate ability to understand the scope and the goals of the law and regulation included in the program, as well as the ability to elaborate solutions on the relevant issues on the basis of correct legal arguments.
4) Communication. Students shall demonstrate ability to communicate the acquired knowledge by raising arguments that are logically coherent and scientifically correct in the appropriate language.
5) Learning skills. Students shall demonstrate those learning skills that are necessary for them to undertake further study with a high degree of autonomy