Financial Market Law
A.Y. 2026/2027
Learning objectives
The course aims to describe the functioning of the financial markets, focussing on the rule concerning issuers, intermediaries, market infrastructures and investor protection.
Expected learning outcomes
At the end of the course, students will be able to understand the rules for raising capital and the regulations governing investement services andd market infrastructures.
Lesson period: Second trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
Second trimester
Course syllabus
Capital market; Regulation of issuers; Regulation of Financial Intermediaries; Regulation of trading venues.
Syllabus:
I Financial markets
II Securities markets
III Financial instruments and investments
IV shares, bonds, hybrid instruments and investement fund units
V public offerings of financial instruments
VI Offering prospectus
VII Equity crowdfunding
VIII Lending crowdfunding
IX Peer to peer lending
X The role of financial intermediaries between issuers and investors
XI Investement services
XII Execution services
XIII Value-added investement services
XIV Rules of conduct
XV Function of written form
XVI Client classification
XVII Appropriateness
XVIII Suitability
XIX OTC derivatives
XX Collective asset management
Syllabus:
I Financial markets
II Securities markets
III Financial instruments and investments
IV shares, bonds, hybrid instruments and investement fund units
V public offerings of financial instruments
VI Offering prospectus
VII Equity crowdfunding
VIII Lending crowdfunding
IX Peer to peer lending
X The role of financial intermediaries between issuers and investors
XI Investement services
XII Execution services
XIII Value-added investement services
XIV Rules of conduct
XV Function of written form
XVI Client classification
XVII Appropriateness
XVIII Suitability
XIX OTC derivatives
XX Collective asset management
Prerequisites for admission
It's suggested having passed the exams of Private Law and Business Law.
Teaching methods
Frontal lesson
Teaching Resources
Perrone, Il diritto del mercato dei capitali, Giuffré, Milano;
· Liace, Diritto dei mercati finanziari. La disciplina dei contratti di intermediazione finanziaria, Mulino, Bologna;
· De Mari, Diritto delle imprese e dei servizi di investimento, Cedam, Padova, ultima edizione disponibile.
· Liace, Diritto dei mercati finanziari. La disciplina dei contratti di intermediazione finanziaria, Mulino, Bologna;
· De Mari, Diritto delle imprese e dei servizi di investimento, Cedam, Padova, ultima edizione disponibile.
Assessment methods and Criteria
Oral Exam
GIUR-02/A - Business Law - University credits: 6
Lessons: 40 hours
Professors:
Bonfanti Benedetta, Minneci Ugo
Professor(s)