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Oct. 23, 2025

Publications

🌐follow Marie-Anne Frison-Roche on LinkedIn

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 Full ReferenceM.-A. Frison-Roche, "Trio", in Mélanges en l'honneur au Professeur  Denis Mazeaud, LGDJ-Lextenso, 2025, sous presse.

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📝read the article (in French)

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🚧read the text written on the morning when Rémy called me to talk about building this collective book Denis.

Since then, due to editorial deadlines, this text has been modified, since this article deals with the so specific French Concours d'Agrégation de Droit, and François Terré, who prepared me for it, joined Pierre Catala before the overall typescript became final.

At Pierre Catala's funeral, where Rémy recounted their last meeting, I was seated at the back next to Yves Lequette, and at François Terré's funeral I was again seated at the back next to Jacques-Henri Robert.

Yves Lequette and Jacques-Henri Robert, with whom I worked long and hard to prepare the Mélanges in honour of François Terré. Yes, it is indeed the Mélanges that, in a great chain, honour the masters. It doesn't matter that this is incomprehensible to those outside the Alma Mater.

 

 

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► English Summary of this contribution : La contribution rend hommage à la personne de Denis Mazeaud en tant que candidat au Concours d'Agrégation des Facultés de Droit que nous passâmes ensemble. Tant que l'Université bénéficiera de professeurs construits ainsi, c'est-à-dire dans un rapport non compétitif avec leurs semblables et dans un rapport non financièrement valorisé avec leur savoir et leur talent, Alma Mater demeurera.

The contribution pays tribute to Denis Mazeaud as a candidate in the Concours d'Agrégation des Facultés de Droit that we took together. As long as the University benefits from professors built in this way, i.e. in a non-competitive relationship with their peers and in a non-financially valued relationship with their knowledge and talent, Alma Mater will remain.

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📗Read the general presentation of these Mélanges.

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July 2, 2025

Conferences

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 Référence complète : M.-A. Frison-Roche, "conclusion", in Rencontres de la Haute Autorité de l'Audit (H2A)2025,  Mise en œuvre de la directive CSRD. Premiers constats et perspectives,H2A, 2 juillet 2025, La Défense, 13h-18h

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Les rencontres débutent par une présentation de Florence Peybernès, présidente du H2A.

Elle est suivie de 3 tables-rondes :

 

🪑🪑🪑Table ronde 1 : Retours sur les premières nominations

 

🪑🪑🪑Table ronde 2 : Regards croisés entre préparateurs, vérificateurs et parties prenantes

 

🪑🪑🪑Table ronde 3 : Perspectives de la CSRD 

 

C'est à la suite de cela que la perspective, plus juridique, plus judiciaire, dans une articulation entre l'Ex Ante et l'Ex Post, va se situer.

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► Résumé de l'intervention : 

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June 25, 2025

Teachings : Participation à des jurys de thèses

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► Référence complète M.-A. Frison-Roche, membre du jury de la thèse d'Annika Bauch,  Le droit de l’entreprise à l’épreuve de la complianceUniversité de Toulouse, 5 juin 2025, 14h- 

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🪑🪑🪑Autres membres du jury :  

🕴🏻Lukas Rass-Masson, professeure à l'Université Toulouse-Capitole, directeur de la thèse 

🕴🏻Sandrine Tisseyre,  professeure à l'Université Toulouse- Capitole, rapporteure 

🕴🏻Philippe Weller,  professeure à l'Université d'Heidelberg

🕴🏻Caroline Coupet, professeure à l'Université Panthéon-Assas (Paris II)

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► Présentation de la thèse

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June 4, 2025

Publications

🌐follow Marie-Anne Frison-Roche on LinkedIn

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 Full Reference: P. Bonis & M.-A. Frison-Roche, "Réguler le numérique, ou Sisyphe heureux" (Regulating Digital, or a happy Sisyphus), in P. Bonis & L. Castex (dir.), Compliance et Nouvelles Régulations, Les Annales des Mines, series "Enjeux numériques, June 2025, p.5-7.

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📝read the article (in French)

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📗read the table of content of this special issue of Enjeux numériqueRégulation et Compliance (in French), in which this introductory article is published.

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 English Summary of this article: This introduction to the collective publication on Regulation and Compliance, which aims to bring order to the Digital space, takes up the idea expressed by Camus when he referred to 'happy' Sisyphus, and expresses the idea that Regulation and Compliance are applied to this area with difficulty, relentlessness and failure, with texts constantly being adopted, modified and amplified on all sides, while the Digital Space is constantly changing, and the slope is constantly being climbed again. But this should not be seen as a failure, not even a flaw, because it is in the nature of digital regulation to always place the regulatory apparatus on our shoulders.

This weight is shared by all, by the Authorities of all countries, because there is something common to all and also because there is something specific for each, because the techniques differ and because the visions of the world that the Politicians print in the texts and project in the Digital will always differ. This weight is also shared by companies, which internalise the rules through Compliance mechanisms, making them necessary agents for the efficiency and sustainability of the digital system, but also players in it, in articulation with Internet users in a permanent and unstable articulation with the local to the finest and this global that the Internet has invented.

This presentation opens the series of contributions to the collective publication Régulation et Compliance, which makes up this special issue of Enjeux numériques in Annales des Mines.

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🌐read also the English presentation of:🕴️Marie-Anne Frison-Roche, 📝Le Droit de la compliance, voie royale pour réguler l'espace numérique (Compliance Law as a Royal Road for regulating the Digital Space)

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June 4, 2025

Publications

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 Full ReferenceM.-A. Frison-Roche"Le Droit de la compliance, voie royale pour réguler l'espace numérique" (Compliance Law as a Royal Road for regulating the Digital Space), in P. Bonis et L. Castex (dir.), Régulation et Compliance, Annales des Mines, coll. "Enjeux numériques", juin 2025, pp.69-77.

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📝 read the article (in French) 

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🚧This article is underpinned by a English Working Paper in English, with additional technical developments and hypertext links. : Compliance Law as a Royal Road for regulating the Digital Space

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 English Summary of this article:  In order to describe the role of Compliance Law in regulating the digital space and to conclude that this new branch of Law is the 'royal road' to this end, this study proceeds in 6 stages. 

Firstly, at first sight and conceptually, there is a gap between the political idea of Regulating and the ideas (freedom and technology as 'law') on which the digital space has been built and is unfolding. 

Secondly, in practice, there is such a huge gap between the ordinary methods of Regulatory Law, which are backed by a State, and the organisation of the Digital Space by these economic operators, that are both American and global. 

Thirdly, the political claim to civilise the Digital Space remains and is growing, relying on the very strength of the entities capable of realising this ambition, these entities being the crucial digital operators themselves, seized as Ex Ante

Fourthly, it corresponds to the conception and practice of a new branch of Law, Compliance Law, which should not be confused with "conformity" and which is normatively anchored in its "Monumental Goals". 

Fifthly, Compliance Law internalises Monumental Goals in the digital operators which disseminate them through structures and behaviours in the digital space. 

Sixthly, through the interweaving of legislation, court rulings and corporate behaviour, the Monumental Goals are given concrete expression, willingly or by force, in ways that can civilise the digital space without undermining the primacy of freedom.

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May 31, 2025

Publications

🌐follow Marie-Anne Frison-Roche on LinkedIn

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 Full Reference : M.-A. Frison-RocheTo master the regulatory mass of Compliance, think of it as a jigsaw puzzle,  Working Paper , May 2025

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📝 This Working Paper underpins the Newsletter MAFR Law -Compliance - Regulation  of 2 June 2025 : 

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 Summary of this Working Paper:  People are rightly complaining that Europe's regulatory and compliance regulations are too numerous, too complicated and too changeable. As a result, they are said to be unmanageable.

Three solutions are proposed: specialise lawyers, regulatory corpus by regulatory corpus; deregulate; entrust everything to algorithms.

These are inadequate solutions, because regulations cannot be understood unless they are put into perspective with the rest of the legal rules .; we have entered a new world, and these new regulations reflect the need for a new Law (unless we want to destroy the Law itself, which is what some people are dreaming of doing); algorithms reproduce past solutions and do not produce the new legal conception required.

For an appropriate solution, we need to move away from a word-by-word understanding of the regulatory and compliance regulations and understand them as a whole, not only in relation to the purpose that gives them meaning, but also in relation to each other. In the positive sense of the term, they form a European 'jigsaw puzzle'. We need to look at the overall picture in which each regulation fits and makes sense. It finds its simplicity in relation to its purpose.

It is always a question of working towards the sustainability of systems by asking companies to contribute so that the systems do not crush human beings but benefit them. Thus, in practice, the Monumental Goals of Compliance Law give clarity to the body of regulations which, when seen as a whole, are manageable and practical. Judges interpret them in this way.

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🔓read the Working Paper below⤵️

May 28, 2025

Publications

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 Full ReferenceM.A. Frison-Roche, "100 fois remettre la Compliance sur le métier de la Stratégie" (100 times put Compliance back on the Strategy agenda), in Lettre d'information Compliance. Groupe SNCF, 100ième issue, 28 may 2025.

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📝read the article (in French)

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 English presentation of this article: This anniversary article sets out what Compliance is and should be in a large group. It expresses it in 4 points:

1. Actively master regulations by understanding their spirit

2. Improving risk detection without taking away the entrepreneurial spirit

3. Promoting convergence and managing conflict

4. Strengthen the company's identity by focusing on its strategic ambitions

 

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May 22, 2025

Editorial responsibilities : Direction of the collection "Cours-Série Droit privé", Editions Dalloz (33)

► Référence complète : A. Pietrancosta Droit des marchés financiers, Dalloz, coll. "Cours Dalloz-Série Droit privé", 1ière éd., 2025,  500 p.

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► Sommaire de l'ouvrage : 

Introduction

Chapitre préliminaire : Présentation de l'objet de la matière

Partie 1 : Physionomie générale du droit des marchés financiers

Titre 1 : De l'esprit du droit des marchés financiers

Chapitre 1 : Du couple déréglementation – régulation

Chapitre 2 : Des objectifs assignés au droit des marchés financiers
Section 1 : Le bon fonctionnement technique des marchés
Section 2 : La transparence
Section 3 : La protection des investisseurs

Titre 2 : Des sources du droit des marchés financiers

Chapitre 1 : Approche générale

Chapitre 2 : Descriptif du cadre normatif positif$
Section 1 : Les sources internationales
Section 2 : Les sources européennes
Section 3 : Les sources françaises

Partie 2 : Aspects techniques du droit des marchés financiers

Titre 1 : Composantes infrastructurelles

Chapitre 1 : Approche juridique des marchés de titres financiers
Section 1 : Définition et typologies des titres financiers
Section 2 : Organisation des marchés de titres financiers

Chapitre 2 : Le régulateur public : l'Autorité des marchés financiers
Section 1 : Nature juridique de l'AMF
Section 2 : Missions générales de l'AMF
Section 3 : Organisations de l'AMF
Section 4 : Pouvoirs

Titre 2 : La transparence du marché

Chapitre 1 : L'information périodique
Section 1 : L'information comptable
Section 2 : L'information financière
Section 3 : L'information politique
Section 4 : L'information sociale et environnementale

Chapitre 2 : L'information occasionnelle : le prospectus

Chapitre 3 : L'information permanente ou continue
Section 1 : La publication par les émetteurs côtés des informations privilégiées les concernant directive
Section 2 : Les déclarations par les investisseurs des franchissements de seuils et des pactes d'actionnaire

Titre 3 : La protection substantielle des investisseurs

Chapitre 1 : La gouvernance des sociétés côtés
Sections 1 : Des règles spécialement applicables aux sociétés côtées
Section 2 : Des règles aux sources plurielles

Chapitre 2 : Les opérations d'offres publiques d'acquisition et de retrait
Section 1 : Les OPA
Section 2 : Les offres publiques de retrait et retrait obligatoire

Chapitre 3 : La prohibition des abus de marché
Section 1 : Les règles européennes communes
Section 2 : La prohibition des opérations d'initié
Section 3 : La prohibition des manipulations de marché

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📚Consulter l'ensemble de la collection dans laquelle l'ouvrage est publié

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