Study-Unit Description

Study-Unit Description


CODE ECL5037

 
TITLE EU Financial Services Law

 
UM LEVEL 05 - Postgraduate Modular Diploma or Degree Course

 
MQF LEVEL Not Applicable

 
ECTS CREDITS 6

 
DEPARTMENT European and Comparative Law

 
DESCRIPTION This study-unit strives to provide students with a firm grounding in the subject, by reference in particular to the relevant Treaty provisions and the principal case-law of the Court of Justice of the Union and the harmonizing Directives. Lectures also focus on current developments. Topics include, inter alia, banking directives, own funds, solvency ratio and large exposures of credit institutions, securities regulation, market abuse including insider dealing and market manipulation, the regulation of collective investment undertakings (UCITS) and regulation of investment services.

Study-unit Aims:

This study-unit aims to help students learn about the evolution and market structures that are of direct concern to European financial services in the context of the single market under EU Treaties. It seeks to familiarize students with the application of the relevant Treaty provisions by the Court of Justice of the Union with regards to the freedom to provide financial services and to the relevant freedom of establishment.

Furthermore, this unit aims to expose students to the legislative backdrop for the application or implementation of European financial Services Law. The ultimate goal is to render students take up professional practice in the field or to undertake further advanced academic work, as well as to move into related spheres of work, including governmental or regulatory bodies.

Learning Outcomes:

1. Knowledge & Understanding
By the end of the study-unit the student will be able to:

• comprehend the evolutionary process leading to the set-up of EU wide financial services in the context of gradual legislative development;
• develop a deeper knowledge and understanding of EU financial services regulations and policies;
• interpret the implications of EU regulations and policies on Member States’ laws and policies;
• analyze case-law of the European Court of Justice with regards to cases associated with EU taxation and financial services.

2. Skills
By the end of the study-unit the student will be able to:

• utilize acquired knowledge and understanding in researching his/her dissertation;
• assume professional practice in the field of taxation and financial services;
• work in legal and accounting firms, as well as in governmental and regulatory bodies.

Reading Material:

Main text

• D. Knights and G. Morgan (eds) Regulation and Deregulation in European Financial Services, Palgrave Macmillan, 2014
• R. Purves and G. Walker (eds) Financial Services Law, OUP 2018.

Supplementary readings

• Ferrarini G. (ed.) European Securities Markets, Kluwer Law International,1998
• Moloney, EC Securities Regulation, EC Law Library, Oxford, 2002
• Ferran E .Building an EU Securities Market, Cambridge University Press, 2004
• R.Grote and T. Marauhn (eds.) The Regulation of International Financial Markets – Perspectives for Reform, Cambridge University Press, 2006.

NB: There will be detailed reading-lists given out and indicated for each seminar.

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Sept. Asst Session Weighting
Assignment Yes 20%
Examination (2 Hours) Yes 80%

 
LECTURER/S Christopher Peter Buttigieg

 

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years.

https://www.um.edu.mt/course/studyunit