21201485 - FINANCIAL MARKET LAW

In line with the educational objectives of the Degree Course in Economics and Business Management, the course promotes knowledge of the fundamental institutions of financial market law, through a logical-scientific and methodological approach to the matter, which allows students to acquire a more solid and structured juridical competence, deepening more specific areas and matters, debated in a general way or simply mentioned in other fundamental disciplines activated in the Department and indispensable for their cultural and professional training.
It aims to provide the conceptual tools and reading keys useful to allow the understanding of the financial market legal system in its essential components through the analysis of the rules of the Legislative Decree no. 58 of 24 February 1998, “Consolidated Law on Finance”, of its related implementation regulations and their concrete application. To this end, both during the course and in the study of the recommended texts, the use of updated civil code and laws’ texts is indispensable.
At the end of the course, the student will have:
- taken knowledge and become acquainted with the basic categories of financial market law and with the fundamentals of the methodology of related legal interpretation;
- acquired a notional-theoretical apparatus and an appropriate technical language;
- developed a method of understanding the subject.
teacher profile | teaching materials

Programme

The purpose of the course is to provide exhaustive knowledge of financial intermediaries, markets, listed companies and the supervisory agency and, particularly, the following matters: general principles of financial markets law; solicitation to the public; services and investment firms; institutional investors; listed companies’ rules; controls on the securities market.

Core Documentation

- R. Costi, Il mercato mobiliare, Torino, Giappichelli, last edition.
- Consob Regulation no. 17221/2010 concerning related parties transactions.
- Borsa Italiana Corporate Governance Code.




Reference Bibliography

As additional bibliography, it is possible to use manuals other than those used as textbooks, such as F. Annunziata, La disciplina del mercato mobiliare, Torino, Giappichelli, last edition.

Type of delivery of the course

Frontal lessons; seminars. The teaching activities include, in addition to lectures lasting 2 hours three times a week (for a total of 60 hours), also seminars held by external speakers (magistrates, lawyers and Consob directors) and case study discussions, with the aim of illustrating the application of the treated institutions.

Attendance

Class attendance is not mandatory, but it is strongly recommended.

Type of evaluation

The exam consists of a final oral test aimed at verifying the knowledge of the basic categories of financial market law and the familiarity with the fundamentals of the methodology of legal interpretation, as well as the mastery of technical language and the capacity for systematic understanding of the institutions and of the logic underlying them.