This essay discusses the evolution of the Portuguese Securities Code in its first twenty years in connection with the parallel trajectory of EU financial markets law. Against this background, it comments on the expansion, goals and limits of EU financial market law and critically assesses the practice of national legislation going beyond what EU law requires (gold-plating).
The Portuguese Securities Code at Twenty: Some Comments on the Expansion, Goals and Limits of EU Financial Market Law
Enriques, Luca;
2021
Abstract
This essay discusses the evolution of the Portuguese Securities Code in its first twenty years in connection with the parallel trajectory of EU financial markets law. Against this background, it comments on the expansion, goals and limits of EU financial market law and critically assesses the practice of national legislation going beyond what EU law requires (gold-plating).
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