The Progress of German Information Disclosure Requirements: A Comparative Law Prospective in Light of Recent Developments in European Capital Markets Law
Journal of International Banking Law and Regulation, Vol. 19, pp. 199-216, 2004
56 Pages Posted: 17 Nov 2010 Last revised: 24 Nov 2010
Date Written: 2004
German capital market law has been developing rapidly in response to the grievances that have arisen from the recent stock market boom. Both the German and the European legislator have been very active in response the new challenges.
This paper seeks to provide an overview of the status of information duties and ad hoc publicity in Germany and the European Union, as well as to point out the need for further legislative developments. The qualifications of both information duties and liability claims are addressed.
Keywords: European Union, Germany, Duties of Disclosure, Market Abuse Directive, Transparency Directive, Prospect Directive
JEL Classification: K22
Suggested Citation: Suggested Citation