This programme of study is also offered on a part-time basis. Please consult the Registrar's website for more information pertaining to courses offered by the University.
This Masters programme, which was first launched in 1995, aims to provide students and practitioners with the opportunity to thoroughly and comprehensively examine the evolving legal framework which greatly influences the way financial services are carried out and how these services are regulated in Malta and overseas. While it is offered by the Faculty of Laws, it benefits from the close collaboration and academic input of the Faculty of Economics, Management and Accountancy and is, as a result, better placed to deliver a mixed skill programme not exclusively restricted to law subjects.
The programme includes study-units dedicated to specific areas of financial services; particularly banking, insurance and securities, and investment funds business. These sectors are all undergoing regular developments involving new EU directives and regulations resulting from the various crises and difficulties in which the sector has found itself in, particularly outside Malta. The role, status and objectives of regulatory authorities and the different models of regulation are examined in some detail. Special treatment is given to the role of consumer protection within this sector in Malta and abroad, and the various rules and mechanisms whereby the legitimate interests of consumers are safeguarded, examined and evaluated. These include the role of the Arbiter for Financial Services and the role of the customer protection schemes. The role and procedure of the Financial Services Tribunal is also examined in detail.
While the focus is on the provisions, mechanisms and remedies that arise from Maltese law, a broader global and comparative approach is included wherever possible. Indeed, throughout the course, special focus lies on the impact of European Union law particularly through the various directives and regulations that have been adopted during the past twenty years which affect almost every area of financial services. These include such measures more commonly referred to as the BRRD, CRR, CRD and MIFID.
The Course shall be open to applicants in possession of:
(a) the degrees of Doctor of Laws, Bachelor of Laws with at least Category II, Bachelor of Laws (Honours) with at least Second Class Honours or the Diploma of Notary Public or
(b) a Bachelor degree obtained with at least Second Class Honours or Category II in one of the following areas of study: Accountancy, Banking and Finance, Economics, or Insurance, or
(c) professional qualifications in Accountancy or Accountancy and Auditing recognised by the University of Malta for the purpose or
(d) a degree from the University of Malta or a professional qualification from a recognised institution in an area of study which the Board deems to be relevant, and comparable to the qualifications indicated in paragraphs (a), (b) and (c).
The admission of applicants under paragraph (d) may be made conditional on the result of an interview conducted by an interviewing board appointed for the purpose of assessing applicants’ commitment, motivation, academic preparedness and general ability to follow the Course with profit.
The interviewing board appointed by the Board shall be composed of at least three members.
The admission requirements are applicable for courses commencing in October 2020.
For more detailed information pertaining to admission and progression requirements please refer to the bye-laws for the course available here.
UM currently hosts over 1,000 full-time international students and over 450 visiting students. The ever-increasing international students coming from various countries, in recent years, have transformed this 400-year old institution into an international campus.
Our international students generally describe Malta as a safe place, enjoying excellent weather and an all-year varied cultural programme. Malta is considered as the ideal place for students to study.
After you receive an offer from us, our International Office will assist you with visas, accommodation and other related issues.
Total Tuition Fees: Eur 6,000 Fee per semester: Eur 2,000
Total Tuition Fees: Eur 10,800 Yr 1: Eur 10,800 - Yr 2: NIL
By the end of the programme, students will be able to:
• appreciate the importance and significance of regulation and how and why sectors of commercial activities are targeted and supervised by public agencies; • understand how regulation works in practice and what good and bad regulation mean; • understand the mechanisms and devices that prevent customer abuse and that promote the interests of consumers of financial services; • gain a better understanding of complex financial instruments and more sophisticated areas of finance including investment funds, protected cell companies and securitisation vehicles; • occupy senior management posts in financial services firms, public institutions and regulatory authorities; • undertake due diligence and compliance work; • assist operators in their relations with clients and regulators; • give competent and more advanced advice and assistance on specialised subjects falling within the programme; • specialise in specific sub-sectors; • be able to work in other sectors which are subject to specific statutory regulation and how this benefits the rule of law and the general public; • learn how regulation is carried out in other countries both in Europe and beyond and appreciate the global implications to the sector; • grasp the implications from a business ethics perspective and appreciate the consequences of failures by operators and regulators in business.
The course aims to attract students who are in possession of a degree in Notary Public, Doctor of Laws, an Honours Bachelor degree in Accountancy, Banking and Finance, Economics, and Insurance, or professional qualifications in Accountancy or Accountancy and Auditing recognized by the University of Malta for the purpose. More specifically, people who already work with banks, insurance companies or securities firms, or who would wish to work in a financial services company, and wish to improve their knowledge, abilities and chances of improvement. The course also attracts students who, having finished the final year of their undergraduate course, wish to continue furthering their studies by undertaking a postgraduate course having a very useful and practical approach.
With this knowledge students will be well equipped to occupy a number of senior posts in legal, corporate, advisory and regulatory services both in the private and public sectors including financial institutions, banks, stock-broking firms, regulatory agencies, journalism, international organizations, diplomatic service, and the academic field.
The qualification also gives access to Ph.D. studies in the area.
Click here to access the Programme of Study applicable from 2020/1.
Last Updated: 12 May 2020
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. Unless for exceptional approved reasons, no changes to the programme of study for a particular academic year will be made once the students' registration period for that academic year begins.