Subjects:

Banking and Finance

Contents:

Introduction , Michael Blair & George Walker

PART I: FINANCIAL MARKETS

1. Financial Markets and Exchanges , George Walker

PART II: FINANCIAL SERVICES AND MARKETS

2. Recognised Investment Exchanges (RIEs) and Recognised Clearing Houses (RCHs) , Bob Penn

3. Alternative Trading Systems (ATSs) , Bob Penn

PART III: UK MARKETS AND CLEARING SYSTEMS

4. London Stock Exchange Alternative Investment Market (AIM) and Regulation of the Main Market , Tom Mackay

5. Virt-x and other Electronic UK Equity Markets , Emma Vick

6. UK Financial Derivatives Commodities Markets , Ed Murray

7. UK Settlement , Madeleine Yates

PART IV: UK MONEY MARKETS AND PAYMENT SYSTEMS

8. London Money Markets: Legal and Regulatory Framework , Joanna Gray

9. UK Payment Systems , Laura John

PART V: EUROPEAN SECURITIES MARKETS AND CLEARING SYSTEMS

10. Regulation of European Markets and Exchanges , Michael Blair & Nigel Phipps

11. Markets in Financial Instruments Directive , Guy Sears

12. European E-commerce and E-money , David Toube

PART VI: INTERNATIONAL SECURITIES MARKETS AND CLEARING SYSTEMS

13. The Structure of International Markets Regulation , John Sloan & Gerard Fitzpatrick

14. International Settlement , Madeleine Yates

15. Islamic Securities Exchanges: Principles and International Developments , Amr Marar & Wong Sau-Ngan (Roger Wedderburn-Day, Salim Nathoo & Sahar Kianfar as Consultant Editors)

A companion work to Financial Services Law this is the first truly analytical text to deal specifically with the regulation of markets and exchanges. This has become a significant but difficult and complex area following the passage of FSMA, and this text provides a comprehensive and authoritative guide to the new statutory regime.

Financial Markets and Exchanges Law and financial expansion it is anticipated that many aspects of financial market development will take place through electronic based platforms operated via the internet or other digital delivery services. The chapter on electronic markets and exchanges in part one will provide a sound understanding of this issue. The expert contributor team also offers detailed guidance to the core provisions set out in FSMA in relation to investment exchanges, clearing house As well as looking at these core recognition provisions, the relevant rules in the Financial Services Authority's Handbook are examined in connection with alternative trading systems (ATPSs) and platforms (ATPs).

In addition the book examines the regulation of specific markets such as equity and debt, and derivatives, clearing and settlement from UK, European and International perspectives.

• First text solely focused on the regulation of markets and exchanges
• Includes a chapter on Islamic Finance
• Clear guidance on UK, EU and International systems
• Coverage of key financial market developments such as electronic exchanges
• Detailed assessment of the developing law including the impact of MiFID
• Written by a team of expert practitioners and key individuals from the FSA