UCL FACULTY OF LAWS

LLM Programme

The taught modules offered on the LLM programme vary from year to year. Please check the full list of taught modules list for details of modules running in specific academic years. We make every effort to ensure that every module will be offered, but modules are subject to change and cancellation. You are therefore advised to check this site regularly for further updates throughout the year preceding entry to the LLM programme.


REGULATION OF FINANCIAL MARKETS (LAWSG080)
Credit value: 30 credits (12 ECTS)
Module Convenor:
Dr Iris H-Y Chiu
 
Intercollegiate teaching: No
Teaching Method: 20 x two-hour seminars
Who may enrol: LLM students, other UCL Masters students
Prerequisites: None
Barred module combinations: This module cannot be taken with its component LAWSG080A
Core module for specialism: International Banking and Finance Law
Assessment
Practice Assessment: To be confirmed
Assessment method for UCL Masters students: 3-hour unseen written examination
Module Overview

Module summary

The module will examine the regulation of the financial markets in the UK and hence emphasis will be placed on the Financial Services and Markets Act, the Financial Services Authority's rulebook, the FSA Handbook, other legislation for the UK and relevant EU Directives. Not all financial services regulation issues will be covered (for example, the module does not look in detail at banking, insurance, pensions, mortgages, asset management, or corporate finance). The module has a focus on regulation and hence will not deal with transactional issues in international finance.

Module syllabus

  • Objectives in Financial Regulation and Theory;
  • Financial Regulation Law and Policy in the EU;
  • The Role and Powers of the Financial Services Regulator in the UK;
  • The Regulation of Securities Offerings;
  • Collective Investment Schemes;
  • Alternative Investment Management Funds;
  • The Regulation of Investment Firms;
  • Financial Promotion;
  • Market Abuse;
  • Money Laundering


Recommended materials

There is no textbook for this module. Many readings are taken from journal articles, legislation and case law materials and will be provided electronically through Moodle (virtual learning environment).

Eg: John C Coffee, “Market Failure and the Economic Case for a Mandatory Disclosure System” (1984) 70 Virginia Law Rev 717, available from Westlaw
Financial Services Authority Handbook SYSC Module chapters 2,3, 5, 6
Lehman Brothers International (Europe) (in administration) v CRC Credit Fund Ltd and others [2010] EWCA Civ 917; [2010] WLR (D) 227


Preliminary reading

John C Coffee, “Market Failure and the Economic Case for a Mandatory Disclosure System” (1984) 70 Virginia Law Rev 717, available from Westlaw
Charles AE Goodhart et al, Financial Regulation: Why, How and Where Now? (London Routledge 1998) at chapter 1

Other information: N/A
Prizes for this module: There are currently no prizes available for this module.


APPLICATION NOTICES

The application process for the 2014-15 academic session, for entry in September 2014, is now open.

Please refer to the How to apply section for information on the application process.