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LIABILITY FOR MISSTATEMENTS TO THE MARKET: SOME REFLECTIONS.

Authors :
Davies, Paul
Source :
Journal of Corporate Law Studies; Oct2009, Vol. 9 Issue 2, p295-313, 19p
Publication Year :
2009

Abstract

This article considers some of the fundamental issues arising out of the Davies Review of Issuer Liability. That Review recommended only a limited role for private enforcement of the continuing disclosure obligations imposed upon issuers. The article considers whether such a limited role can be justified, from both a compensation and a deterrence standpoint. It concludes that it can, provided there is a sound system of public enforcement of those obligations in place. Whether the recent changes in the role of the Financial Services Authority will provide an appropriate level of public enforcement is not yet clear. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14735970
Volume :
9
Issue :
2
Database :
Complementary Index
Journal :
Journal of Corporate Law Studies
Publication Type :
Academic Journal
Accession number :
44880939
Full Text :
https://doi.org/10.1080/14735970.2009.11421543