| CODE | ACC5962 | ||||||||
| TITLE | Corporate and Financial Services Legislation | ||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||
| MQF LEVEL | 7 | ||||||||
| ECTS CREDITS | 5 | ||||||||
| DEPARTMENT | Accountancy | ||||||||
| DESCRIPTION | The study unit will introduce students to the salient features of dissolution and winding up including voluntary and compulsory liquidation, administration as an alternative to winding up, as well as cross border insolvency. It will also include discussions on fraudulent behaviour and potential criminal activity in the winding up of companies, and the distinction between fraudulent and wrongful trading. It will also introduce students to the salient features of the financial services legislation including the Malta Financial Services Authority Act, Financial Institutions Act,Investment Services Act and the Malta Stock Exchange Act. This study unit will also include an introduction to collective investment schemes and the concept of investor protection. Study-unit Aims The purpose of this study unit is to provide students with an understanding of the salient features of dissolution and winding up of companies and the financial services legislation in Malta, which is fundamental to the professional development of accountants. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: a) Distinguish between the various forms that winding up proceedings may take - voluntary and compulsory winding. b) Distinguish between fraudulent and wrongful trading. c) Describe the legislation related to financial services in Malta and discuss its importance and relevance. 2. Skills: By the end of the study-unit the student will be able to: Identify fraudulent behaviour and potential criminal activity in the winding up of companies. Main Text/s and any supplementary readings - Laws of Malta - The Companies Act 1995 and relative subsidiary legislation - J.H. Farrar and B.M. Hannigan: Farrar's Company Law - Butterworths ISBN 0 406 048 002 - Gower & Davies: The Principles of Modern Company Law - Sweet & Maxwell ISBN 0421788208 - A. Muscat: Principles of Maltese Company Law - Malta University Press ISBN 978-99909-45-48-5 - Ganado & Associates: An Introduction to Maltese Financial Services Law ISBN 978-99909-3-142-6 |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE ACC2821 AND TAKE ACC3821 AND TAKE PBL1016 AND TAKE PBL1017 | ||||||||
| ADDITIONAL NOTES | Pre-requisite Qualifications: Bachelor of Commerce with Accountancy Stream | ||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Scicluna Mark Caruana James Debono David Fabri Stephanie Farrugia Joseph Saliba Ian Stafrace Ivan Vella |
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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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