| CODE | BKF4082 | |||||||||
| TITLE | Securities Regulation | |||||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | |||||||||
| MQF LEVEL | 6 | |||||||||
| ECTS CREDITS | 4 | |||||||||
| DEPARTMENT | Banking, Finance and Investments | |||||||||
| DESCRIPTION | Study-unit Objective: This study-unit focuses on European and Maltese securities regulation and the industry they govern with particular emphasis on the regulation of issuers of financial instruments, trading platforms, post trading service providers, investment firms, credit rating agencies and collective investment schemes. The unit aims at providing students with an overview of: [a] the objectives and principles of the regulation of providers of securities services; [b] the European Union (‘EU’) dimension of securities regulation and the new European governance structure for supervision; and [c] the Maltese legal framework which implements EU law in this field. Topics Covered Include: • Objectives and principles of Securities Regulation. • The EU law making model and the governance structure for financial supervision. • EU Securities Regulation: European Securities and Markets Authority Regulation, Markets in Financial Instruments Directive, Market Abuse Directive, Capital Adequacy Directive, Undertakings for Collective Investment in Transferable Securities Directive, Alternative Investment Fund Managers Directive, Prospectus Directive, Transparency Directive, Credit Rating Agency Regulation and the Money Laundering Directive. • Maltese Law which implements EU Securities Regulation: Investment Services Act, Financial Markets Act, Prevention of Money Laundering Act, and Prevention of Financial Markets Abuse Act. Suggested Reading: • International Organisation of Securities Commissions, Objectives and Principles of Securities Regulation, June 2010. • Niamh Moloney, EC Securities Regulation [2nd Edition], Oxford University Press, ISBN 978-0-19-920274-4. • Michael Raffan, A Practitioner’s guide to EU Financial Services Directives [2nd edition], City & Financial Publishing, ISBN 1-905121-07-5. Other publications may be recommended by the lecturer. |
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| STUDY-UNIT TYPE | Lecture and Tutorial | |||||||||
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| LECTURER/S | Christopher Peter Buttigieg |
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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. |
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