Module LAWM112 for 2017/8
- Overview
- Aims and Learning Outcomes
- Module Content
- Indicative Reading List
- Assessment
Postgraduate Module Descriptor
LAWM112: Financial Markets Law and Regulation
This module descriptor refers to the 2017/8 academic year.
Module Aims
The underlying aim of this module is to identify and explore the fundamental principles of financial regulation relating to the selling of financial instruments and investment products as identified by statute (thus excluding deposit-taking banking business). The module covers international, EU and UK regulatory initiatives. Among the regulatory fields which are covered are: conduct of business, financial promotion and investor protection more generally; market abuse; issues of securities; and capital maintenance.
The more detailed aims of this module are therefore for you:
1: to analyse the principles of the law of finance as they relate to the overlap between norms of financial regulation and norms of substantive law;
2: to analyse the law governing the creation of contracts in high-volume financial markets between traders and between traders and retail customers;
3. to analyse the liabilities of financial institutions for wrongs and breaches of fiduciary duty in financial transactions;
4: to analyse the efficacy of the regulations in the FCA Handbook in the context of investment business;
5: to explore the policies underpinning the reforms to EU and UK regulatory structures in the wake of the financial crisis of 2007-09 and thereafter; and
6: to develop a critical understanding of standard market practice and the issues with transacting in compliance with financial regulation.
| On successfully completing the programme you will be able to: | |
|---|---|
| Module-Specific Skills | 1. Demonstrate detailed knowledge of principles of financial regulation and of the substantive law relating to investment contracts 2. Evaluate critically the effectiveness of financial regulation in the context of investment business 3. Demonstrate in-depth knowledge of principles of common law and equity in relation to investment business |
| Discipline-Specific Skills | 4. Apply principles of the common law and equity to factual problems 5. Analyse critically the nature and objectives of the law in relation to investment business |
| Personal and Key Skills | 6. Analyse issues arising from the inter-action of principles of substantive law and financial regulation in a specific commercial context 7. Exercise critical judgment in relation to commercial issues |
How this Module is Assessed
In the tables below, you will see reference to 'ILO's. An ILO is an Intended Learning Outcome - see Aims and Learning Outcomes for details of the ILOs for this module.
Formative Assessment
A formative assessment is designed to give you feedback on your understanding of the module content but it will not count towards your mark for the module.
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Presentation/discussion of topics in seminars | 10 x 3 hour seminars plus preparation time. | 1-7 | Feedback within seminar; additional oral feedback available on request |
| Written essay | 1,500 words | 1-7 | Written feedback; additional oral feedback available on request |
Summative Assessment
A summative assessment counts towards your mark for the module. The table below tells you what percentage of your mark will come from which type of assessment.
| Coursework | Written exams | Practical exams |
|---|---|---|
| 100 | 0 | 0 |
...and this table provides further details on the summative assessments for this module.
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Essay | 100 | 7,500 words | 1-7 | The School of Law standard |
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 |
Re-assessment
Re-assessment takes place when the summative assessment has not been completed by the original deadline, and the student has been allowed to refer or defer it to a later date (this only happens following certain criteria and is always subject to exam board approval). For obvious reasons, re-assessments cannot be the same as the original assessment and so these alternatives are set. In cases where the form of assessment is the same, the content will nevertheless be different.
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Essay | Essay (7500 words) | 1-7 | August/September reassessment period |
