Financial Markets and Exchanges Law

A companion work to Financial Services Law, this is the first truly analytical text to deal specifically with the regulation of markets and exchanges. It examines and explains the nature, structure, and operation of the underlying financial markets and systems within whch financial activities are carried on. This entails an examination of market structure and function and to some extent of the larger financial system of which the markets form part. Markets and exchanges have become a significant but difficult and complex area following the passage of the Financial Services and Markets Act 2000(FSMA) in the UK, and this text provides a comprehensive and authoritative guide to the new statutory regime.