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
Other Teachers:
N/A
Content

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 Conduct Authority's rulebook, the FCA 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.

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

Background Reading (optional):

  • 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

Module reading lists and other module materials will be provided via online module pages, once students have made their module selections upon enrolment in September.

Delivery and enrolment
Lectures/Seminars: 20 x 2-hour seminars
Tutorials: None
Previous module enrolments: Small – less than 15 students
Who may enrol: LLM students, other UCL Masters students
Prerequisities: None
Barred module combinations: None
Core Module for LLM specialism: International Banking and Finance Law
Assessment
Final Assessment: 3-hour unseen written examination
Practice Assessment: Opportunity for feedback on one practice essay per term

This page was last updated on 8 July, 2014

APPLICATION NOTICES

The application process for the 2015-16 academic session is now open.

Please note, for the 2015-16 intake, we are not accepting the TOEFL test. If you have an English condition to meet, you must take one of the alternative tests listed here instead.