| ISBN |
9780192866608 (hardback) |
|
9780192691828 (epub) |
|
9780192691811 |
|
9780191957475 |
| ISBN/ISSN |
10.1093/law/9780192866608.001.0001 doi |
| Sarjaandmed |
Oxford EU financial regulation series
|
| Märkused |
Sisaldab bibliograafiat ja registrit |
| Sisukord |
Financial Services Contracts in EU Law -- Copyright -- Dedication -- Contents -- Table of cases -- Table of legislation -- List of abbreviations -- Introduction -- 1 The aims and arguments of the book -- 2 The scope of the book -- 2.1 Retail financial services contracts -- 2.2 EU civil law rules and civil law effects of regulatory duties -- 3 The structure of the book -- PART I THE REGULATION AND PRIVATE ENFORCEMENT OF FINANCIAL SERVICES CONTRACTS IN EU LAW -- 1 The regulation of financial services contracts in EU law -- 1 The problem of regulating retail financial markets -- 2 The economic rationales for regulation -- 2.1 Market failures -- 2.2 Behavioural finance -- 3 The objectives and evolution of EU retail financial regulation -- 3.1 Financial integration and consumer protection -- 3.2 Market liberalization and the general good exception -- 3.3 Minimum harmonization, mutual recognition, and home country control -- 3.4 Re-regulation and maximum harmonization -- 3.5 'Single rule book' and institution-building legislation -- 3.6 Digital single market, capital markets union, and sustainable finance -- 4 The EU regulatory instruments to protect consumers of financial services -- 4.1 'Status' regulation -- 4.2 'Product' regulation -- 4.3 Regulation and private law -- 5 Conclusion -- 2 The private enforcement of financial services contracts and regulation in EU law -- 1 The problem of private enforcement of retail financial contracts in EU law -- 2 Out-of-court dispute resolution -- 2.1 The ADR Directive and the ODR Regulation -- 2.2 National ordinary and special ADR mechanisms -- 3 Representative actions -- 4 The preliminary reference procedure -- 4.1 The dialogue between national courts and the CJEU on financial services contracts -- 4.2 Scope, function, and effects of the preliminary reference procedure. 4.3 The notion of 'court or tribunal' -- 4.4 The 'relevance/necessity' of the question -- 5 Conclusion -- PART II THE CJEU CASE LAW ON FINANCIAL SERVICES CONTRACTS -- 3 Unfair contract terms in financial services contracts -- 1 Introduction -- 2 The scope of the UCTD -- 2.1 Contract terms reflecting mandatory statutory or regulatory provisions -- 2.2 Contract terms not individually negotiated -- 3 The transparency requirement -- 3.1 Formal and substantive transparency -- 3.2 Consequences of lack of transparency -- 4 The fairness requirement -- 4.1 The concept of 'main subject matter' of the contract and 'price and remuneration' -- 4.2 The assessment of bank charges: Charges contingent on future events -- 4.3 Charges related to the granting of the loan or other services -- 4.4 The meaning of 'good faith' -- 4.5 The meaning of 'significant imbalance' -- 4.6 The legal effects of the grey list of unfair terms -- 5 Transparency and fairness of specific contract terms in loan agreements -- 5.1 Contract terms on the exchange difference in foreign currency loans -- 5.2 Contract terms on exchange rate risk in foreign currency loans -- 5.3 Unilateral price variation and determination clauses -- 5.4 Contract terms on bank charges -- 5.5 Floor clauses and reference index clauses in variable interest rate loans -- 5.6 Accelerated repayment clauses -- 5.7 Default and ordinary interest rates -- 5.8 Contract terms limiting the consumer's rights to action -- 6 The legal consequences of unfair contract terms -- 6.1 The nature of the 'not binding' effect of unfair contract terms for consumers -- 6.2 The effects of the non-binding contract term on the rest of the contract -- 7 Procedural remedies -- 7.1 The ex officio assessment of unfair contract terms -- 7.2 The suspension of mortgage enforcement proceedings -- 7.3 The injunction against unfair terms. |
|
4 Consumer and mortgage loan contracts -- 1 The EU legal framework -- 1.1 CCD -- 1.2 MCD -- 2 The scope of the EU consumer and mortgage credit regulation -- 2.1 Consumer credit agreements -- 2.2 Mortgage credit agreements -- 2.3 Guarantee or suretyship contracts -- 3 Advertising and pre-contractual information duties -- 3.1 CCD -- 3.2 MCD -- 4 Creditworthiness obligation and advisory duties -- 4.1 CCD -- 4.2 MCD -- 5 Form and content of contract terms -- 5.1 CCD -- 5.2 MCD -- 6 Consumers' right of withdrawal -- 6.1 Doorstep-Selling Directive -- 6.2 CCD -- 6.3 MCD -- 6.4 DMD -- 7 Consumers' right to the early repayment of the loan -- 7.1 CCD -- 7.2 MCD -- 8 Assignment of rights and unilateral changes to the credit agreement -- 9 The ex officio application of the CCD and MCD -- 10 Out-of-court dispute resolution -- 5 Payment services contracts -- 1 The EU legal framework -- 1.1 The early steps towards harmonization and the Single European Payment Area (SEPA) -- 1.2 PSD1 and PSD2 -- 1.3 Sectorial directives and regulations -- 2 The scope of EU payment services regulation -- 2.1 The notion of payment instrument -- 2.2 The notion of payment service -- 3 Pre-contractual information duties -- 3.1 PSD2 -- 3.2 PAD -- 4 Distribution rules -- 4.1 PSD2 -- 4.2 PAD -- 4.3 The SEPA Regulation -- 5 The PSU contract law rights in payment services contracts -- 5.1 Unilateral change to conditions to the framework contract -- 5.2 Right to terminate the framework contract -- 5.3 Information on the execution of the payment transaction -- 5.4 The limits to fee and charges in payment services contracts -- 5.5 PAD -- 5.6 EMD2 -- 6 Contract law remedies for unauthorized and incorrectly executed payment transactions -- 6.1 General considerations -- 6.2 Rectification and refund for incorrectly executed payment transactions. 6.3 Liability for unauthorized payment transactions -- 6.4 Unauthorized transactions with near-field communication (NFC) functionality -- 6.5 Liability for incorrectly executed payment transactions -- 7 Complaint procedures and out-of-court dispute resolution -- 6 Investment services contracts -- 1 The EU legal framework -- 1.1 MiFID II -- 1.2 PRIIPs, ELTIF, and PEPP Regulations -- 2 The scope of investment services regulation -- 2.1 Financial instruments -- 2.2 PRIPs -- 2.3 Insurance-based investment products -- 2.4 Investment services and activities -- 3 Pre-contractual information duties -- 3.1 The Prospectus Regulation -- 3.2 MiFID II -- 3.3 PRIIPs, PEPP, and ELTIF summary information documents -- 3.4 Civil liability for losses due to wrong or incomplete PRIIPs and PEPP KID -- 4 Distribution rules -- 4.1 MiFID II -- 4.2 The ELTIF Regulation -- 4.3 The PEPP Regulation -- 5 Product governance obligations -- 5.1 MiFID II -- 5.2 The PEPP Regulation -- 6 Content of contract terms -- 6.1 MiFID II -- 6.2 The PEPP Regulation -- 7 Rules safeguarding the client's funds and civil liability of depositary institutions -- 7.1 MiFID II -- 7.2 UCITS and AFM Directives -- 8 Out-of-court dispute resolution -- PART III THE CJEU'S PRINCIPLES FOR THE INTERPRETATION OF FINANCIAL SERVICES CONTRACTS -- 7 The interpretation of EU and national private law rules for financial services contracts -- 1 General principles of EU law and private law -- 2 EU private law rules -- 2.1 The 'classical' methods interpretation -- 2.2 The principle of full effectiveness -- 2.3 The principle of proportionality -- 2.4 The principle of dissuasiveness -- 2.5 The role of national private law in the CJEU's reasoning -- 3 National private law rules -- 3.1 Implied remedies and civil law effects of regulatory duties -- 3.2 Treaties and regulations -- 3.3 Directives. |
|
3.4 EU law rules granting rights to individuals -- 3.5 The principles of equivalence and effectiveness -- 3.6 The conform interpretation of national law -- 4 Civil law effects of fundamental rights and fundamental freedoms -- 4.1 Fundamental rights -- 4.2 Free movement rules -- 4.3 The resolution of conflicts between fundamental rights and fundamental freedoms -- 5 Conclusion -- 8 The judge- made civil law principles on financial services contracts -- 1 New 'sectorial principles of EU civil law': Scope and functions -- 2 Pre-contractual information duties -- 2.1 Essential vs non-essential information -- 2.2 Websites as a durable medium to store pre-contractual information -- 2.3 Burden of proof of compliance with pre-contractual information duties -- 3 Private law remedies for breaches of pre-contractual duties -- 3.1 Pre-contractual information duties -- 3.2 Suitability and advisory duties -- 3.3 Creditworthiness obligation -- 3.4 Conflict-of-interest and inducements rules -- 3.5 Product governance obligations -- 3.6 The causal link between the breach of regulatory duty and the client's loss -- 3.7 The measure of damage -- 3.8 Invalidity of contracts -- 4 Transparency of contract terms -- 4.1 Formal transparency -- 4.2 Substantive transparency -- 5 Good faith in consumer contracts -- 5.1 The dichotomy between essential and ancillary contract terms: Criticism -- 5.2 Good faith as a condition for the validity of contract terms -- 6 The partial invalidity of consumer contracts: Open issues and challenges ahead -- 6.1 The valid but financial inconvenient contract -- 6.2 The application of the Kásler's exception to investment services contracts -- 7 The ex officio assessment of EU law and the interim relief -- 8 Interplay between EU sectorial and national general private law rules. 8.1 National private law duties more stringent than EU regulatory duties. -- 8.2 General national private law and sectorial EU law ). 9 Conclusion |
| Märkused |
"Abstract: The book 'Financial Services Contracts in EU law' is the first comprehensive and systematic analysis of the increasingly complex, rapidly evolving and fact-specific case law of the Court of Justice of the European Union (CJEU) on retail credit, payment and investment services contracts. In the wake of the 2008 Global Financial Crisis, misconduct and unfair contract terms in financial services contracts triggered a wave of litigation before national courts. Litigation soon became an EU law issue. National courts sought, through the preliminary reference procedure, the Court of Justice of the European Union (CJEU)'s guidance to interpret EU financial services legislation, and determine the scope of consumers' rights and private law remedies vis-à-vis financial service providers (FSPs)"-- Provided by publisher |
| Märksõnad |
finantsteenused
|
|
lepingud
|
|
regulatsioonid
|
|
õigusaktid
|
|
finantsõigus
|
|
lepinguõigus
|
|
Euroopa Liidu õigus
|
| UDK |
347.4 (4)
|
|
341.1 (4)
|
|
336.7 (4)
|
|
