IELTS: a minimum of 6.0 in each element
TOEFL: Internet-Based Test (iBT): a writing score of at least 24
† TOEFL Internet-Based
††Academic IELTS
††† Cambridge Certificates: a pass at a Grade C or better is required
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.
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YEAR ONE
Year (This/these unit/s start/s in Semester 1 and continue/s in Semester 2)Compulsory Units (All students must register for this/these unit/s)
CML5029, International Fiscal Principles, 8 ECTS,
Elective Units Elective units are offered subject to availability and time-table constraints.
ACC5300, Principles of Accountancy and Finance, 6 ECTS,
Semester 1
Compulsory Units (All students must register for this/these unit/s)
BKF5041, Principles and Issues in Investment Management, 5 ECTS,
BKF5122, Regulation of Banking and International Investment, 5 ECTS,
CML5030, The Legal Framework of Financial Services and Investor Protection, 5 ECTS,
Elective Units Elective units are offered subject to availability and time-table constraints.
ACC5276*, Strategic Issues in Financial Control, 5 ECTS,
CML5031, Trusts and Trustees: Legal and Practical Issues, 5 ECTS,
CML5044, Core Issues and Developments in Company Law, 6 ECTS,
Semester 2
Compulsory Units (All students must register for this/these unit/s)
CML5032, The Legal Framework for Insurance Business, 5 ECTS,
CML5033, Securities Regulation, 5 ECTS,
ECL5037, EU Financial Services Law, 6 ECTS,
Elective Units Elective units are offered subject to availability and time-table constraints.
BKF5061**, Financial Derivative Investments, 5 ECTS,
BKF5132, Securities Markets: Financial and Organisational Aspects, 5 ECTS,
CML5034, Legal Aspects of Winding Up and Corporate Recovery, 5 ECTS,
YEAR TWO
RESEARCH COMPONENT
Semester 1
Compulsory Units (All students must register for this/these unit/s)
CML5035, Dissertation, 30 ECTS,
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.
Health insurance - EUR €200 per year
