Regulatory zone - Securities and derivatives

A raft of legislative measures being developed at international, EU and domestic level will transform regulation of securities and derivatives markets. There are a number of drivers for this transformation process and a disparate set of issues being discussed. Some measures, such as the EU review of the Markets in Financial Instruments Directive (MiFID), have recently been reviewed.  In other areas, such as OTC derivatives, the financial crisis raised significant concern about the hitherto scant regulation of this potentially risky market.


Derivative market reform - EMIR

For more information on derivatives market reform, please click here.


MAD and MiFID

The European Commission published on 20 October 2011 its legislative proposals relating to its review of both MiFID and the Market Abuse Directive (MAD). We have produced a brief analysis on each of the revised Directives, summarising the major new issues and the potential impact they will have. Click here to read the report on MiFID II and here for the report on MAD II


Short selling

For more information about the European measures being developed for the regulation of short selling please click here. 


Securities and derivatives

To read our article on the 2011 ISDA Equity Derivatives Definitions, published in July 2011, click here.

If you would like to look at the topic in more detail, follow the sequence of developments or read the underlying publications, click here to access our daily monitoring reports on this subject - starting with the most recent; each report contains a summary and a hyperlink to the publication concerned.


Derivatives and structured products

To find out more about our dedicated Derivatives and Capital Markets Team, which offers a range of transactional and advisory services for derivatives and structured products, click here to read our brochure.


Previous materials on this topic

For more information about the numerous national level prohibitions implemented in the wake of the financial crisis please click here.

For a client briefing note on the German short-selling ban produced by CMS Hasche-Sigle click here.



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