Investor protection – from whistleblowers to changes in the supervision model on the French financial market
Abstract
The issue of supervision of the financial market in the era of technological and communication revolution is extremely current and important. The methods of market supervision and the tools used on this occasion are changing, however. It is worth describing the renaissance of some long-known practices of informing supervision (whistleblowers), as well as the extension of supervision to digital service providers in the European Union regulation on the digital operational resilience of the financial sector, known as DORA. The purpose of this article is to present a cross-sectional discussion of selected methods of investor protection on the French regulated market, which results in the need to create a concept of extended financial market supervision based on new supervision instruments. Whistleblowers, i.e. people reporting irregularities on the financial market, play an important role in ensuring transparency and compliance with legal regulations. The article contains information on the model of functioning whistleblowers on the financial market. The second part of the article is devoted to the characteristics of changes in the model of supervision of the financial market in France under the influence of the regulation on digital operational resilience in the financial sector and changing approaches to the method of regulating market protection. The article indicates the trends and characteristics of the phenomena discussed, is cross-sectional and based on legal acts as well as the doctrine of financial market law in France. The aim of investor protection within the doctrine is to ensure transparency in the financial market, so that investors have access to reliable information about financial instruments and are protected against unfair practices. The method used in the conducted research includes the analysis and synthesis of foreign law provisions, and the main aim of the article is to show changes in investor protection methods on the regulated financial market in France.
Keywords:
French law, whistleblowers, digital operational resilience, financial market, supervision.References
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