Jurisdiction(s):
European Union

Key definition

Law definition

What does Law mean? In legal practice, Law describes the body of binding rules governing parties’ rights and obligations in the relevant jurisdiction(s). It is not a single statutory or case-law definition; in contracts it is a descriptive catch‑all used to capture all sources of applicable law. Law includes: (a) any primary or secondary legislation (including regulations, statutory instruments and byelaws) in force from time to time that applies to a party or to the place the Services are provided; (b) the common law and, where applicable, equity; (c) any binding court order, judgment or decree; (d) any applicable industry code,

EU Financial Services Regulation: Institutions, Lamfalussy Legislative Architecture, Prudential and Conduct Regimes, Current Issues, and Brexit, Passporting, Equivalence and Territoriality

Published by a LexisNexis EU Law expert

Practice notes

Purpose of this Practice Note

This Practice Note offers a primer on EU financial services Law by way of:

concise guidance
links within the Practice Note to sources predominantly hosted on the EU’s website, and
commentary and analysis delivered by the EU law module

Most links point to introductory resources, though they can often be pursued for more advanced discussion, if required. Some readers may prefer to consult our An introduction to EU law before exploring EU financial services law...

Introduction

The EU consists of 27 European countries which, at least in principle, operate as a Single market. That market has been widened to the European Economic Area (EEA) with three additional European countries. The single market features a highly developed financial services industry, overseen by a regulatory framework that EU institutions consider a benchmark for the rest of the world. The EU’s constitutional foundation now rests on two treaties: the Treaty on European Union (TEU) and the Treaty on the Functioning of the European Union (TFEU). Article 3(1) of the TEU states: ‘The Union's aim is to promote peace, its values and the well-being of its peoples’. The EEA’s financial services sector has...

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Web page updated on 21/05/2026

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