Kapitalmarktinformationspflichten und Lauterkeitsrecht

The book covers the so far rarely discussed relationship of capital markets law and competition law. An integrated, efficient and transparent capital market requires market integrity. Efficient implementation of capital market regulations requires harmonization of the different means of enforcement. Therefore the author analyzes the aims of capital markets law and competition law. Afterwards, he discusses several types of capital markets information, such as public disclosure of inside information or prospectuses. He concludes that the competition law, especially the confiscation of profits rule, can be an important factor in enforcing capital market regulations. Particular attention is also given to the market abuse regulation, which entered into force in 2016.