Prof Niamh Moloney

This course is available on the Executive Master of Laws (ELLM). This course is not available as an outside option to students on other programmes.

Available to Executive LLM students only. This course will be offered on the Executive LLM during the four year degree period. The Law School will not offer all Executive LLM courses every year, although some of the more popular courses may be offered in each year, or more than once each year. Please note that whilst it is the Law School's intention to offer all Executive LLM courses, its ability to do so will depend on the availability of the staff member in question. For more information please refer to the Law School website. 

This course examines the EU's regulation of the capital markets. It considers the harmonized regulatory regime which applies to capital market actors across the Member States, and which supports the integrated market. The topics which may be covered include: the rationale for integration and the role of  law, and the evolution of the integration project, including the impact of the financial crisis, the Capital Markets Union/Savings and Investments Union agenda, and the UK withdrawal from the EU; the different techniques used to integrate and regulate the EU market; market access and the investment services passport; retail investor protection; the prospectus and disclosure regime; and the institutional structure supporting regulation and supervision, including the role of the European Securities and Markets Authority. Course coverage may vary slightly from year to year.    

24-26 hours of contact time.

Students will have the option of completing a formative assessment set by their teacher. 

Reading lists will be provided in advance for each seminar. Sample texts include: Moloney, EU Securities and Financial Markets Regulation, 4th edition (2023)) and Veil (ed), European Capital Markets Law, 2nd edition (2022). 

Oral examination (100%).