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Georgetown Law Library

Securities Law Research Guide (U.S. and International)

This guide is a starting point for research in securities law, covering U.S. federal, U.S. state, international, and foreign securities law.

International Securities Law

This Research Guide covers only the major sources for researching international securities law. If you need more information for your international research question, please feel free to visit the International Reference Desk on the third floor of the John Wolff International & Comparative Law Library for further assistance. You may also reach the International Reference Desk by phone, by email or through Live Help online chat during Reference Desk hours.

Treatises & Secondary Sources

Treaties & Other International Agreements

1. Major Agreements

  • International Organization of Securities Commissions' Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (May 2002) ("MMOU"). Signatories to the MMOU (who are securities regulatory agencies from 27 countries) agree to provide information related to bank and brokerage records, records identifying the beneficial owners of non-natural persons, and other critical information; to permit use of that information in enforcement and regulatory matters; and to otherwise keep that information confidential. The U.S. Securities and Exchange Commission has signed the MMOU.
  • Convention on Insider Trading, opened for signature Apr. 20, 1989, entered into force Oct. 1, 1991, Council of Europe. The Convention "is intended to create mutual assistance by exchanges of information between Contracting Parties, to enable supervision of securities markets to be carried out effectively and to establish whether persons carrying out certain financial transactions on the stock markets are or are not insiders." (Quote from the introduction to the Explanatory Report.) The United States is not a signatory of the Convention on Insider Trading.
  • Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary ("Hague Securities Convention"), opened for signature Dec. 13, 2002 . The purpose of the Convention is to reduce uncertainty about the law applicable to cross-border securities transactions where securities are held by an intermediary. So far, the Convention has no signatories.

2. Sources of Additional Agreements

 

Foreign Laws & Regulators

Foreign Regulators

Countries other than the U.S. have their own agencies, similar to the SEC, that administer securities laws. Below are links to the web sites of selected foreign securities regulators:

Foreign Laws

  • International Capital Markets and Securities Regulation (1982-) K1331 .I55 1982, no longer updated in print; also available on Westlaw. This multi-volume set provides analysis of securities laws from countries in Asia, Europe, and North America, as well as Israel and South Africa. It also provides selected primary materials in English from those countries and from selected South American countries.
  • CCH IntelliConnect (International Securities & Business tab > Primary Materials). Provides securities laws of selected foreign countries.
  • Foreign corporations laws (not necessarily securities laws, but sometimes including them) are available for many countries through Checkpoint (RIA) (International Tax Library > RIA Worldwide Tax Law > RIA Worldwide Tax Law Regions > [Region, e.g., Europe] > [Country, e.g. Germany] > Commercial Laws).