In the current context of the global economy, the capital market and securities hold significant importance, allowing for the mobilization and efficient use of financial resources. The development of capital market legislation must follow globalization trends, by harmonizing with international standards, increasing market accessibility, regulating emerging markets, improving supervision and regulation, as well as using technology and new business models. Legislative-normative analysis is crucial for understanding the functioning and regulatory mechanisms of the capital market. This helps not only to identify weaknesses and challenges in the system, but also to strengthen investor confidence by ensuring fair and transparent competition. Increasing market accessibility, harmonizing with international standards and improving supervision are essential aspects in this process. The central purpose of this article is to analyze in depth the impact of legislation and regulatory norms on the capital market, with special attention given to the impact of community norms in the process of implementing the community acquis. The article focuses on the development of investment strategies adapted and compliant with current legislation and regulations, thus highlighting the dynamics and complexity of the capital market in the international and community regulatory context.