Financial Markets Law
Financial markets law, or "droit des march茅s financiers" in French, governs the regulation and operation of financial markets, including the trading of securities, derivatives, and other financial instruments. This area of law aims to ensure market integrity, protect investors, and promote transparency and efficiency in financial transactions. It includes rules on market conduct, disclosure requirements, insider trading, and the responsibilities of financial institutions and intermediaries. Financial markets law also involves the oversight and enforcement activities of regulatory authorities to maintain stability and confidence in the financial system.
Cornering a market Notice
Cornering a market is an economic strategy aimed at acquiring all or most of a category of resources or goods that make up a market, in order to cause scarcity and drive up prices.
The term originates from the English phrase "cornering the market," which refers to manipulating a market by controlling the supply and sales to artificially create a situation of shortage in a sector, and then reselling the goods at significantly higher prices.
French Bearer form securities Notice
A french bearer security is a financial instrument where ownership is presumed to belong to the holder of the physical (or dematerialized) certificate. The issuing entity does not record the holder or the transfer of the security from one holder to another in its register. The presentation of coupons (physically detached in the case of a physical security) triggers the payment of subsequent financial flows by the issuer.
Bonds redeemable in shares (Obligations remboursables en actions - ORA) are a type of hybrid financial instrument commonly used in France. These bonds give the issuer the option to repay the debt by delivering a predetermined number of shares instead of cash. This feature provides the issuer with more flexibility and can be advantageous under certain market conditions.
Approved as a central securities depository (CSD) on October 2, 2018, by the Autorit茅 des march茅s financiers (the French financial market authority), ID2S has finally abandoned its ambitions in the field of securities services.
The new player had voted for its early dissolution on September 30, 2021, and had requested the withdrawal of its approval from the AMF. This withdrawal was confirmed by the regulator on March 29th of this year.
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The European regulation known as "SFTR" (Securities Financing Transactions Regulation) aims to legally regulate securities financing transactions that involve at least one European counterparty. This regulation represents a significant and ambitious advancement in financial security and transparency. The "reporting" component of the regulation was built on a technically phased implementation schedule that had already been tested by Brexit.
