General Course Information
1.1 Course details
| Course code: | LLAW3069 |
| Course name: | Regulation of Financial Markets |
| Programme offered under: | LLB Programme |
| Semester: | First |
| Designated research course: | No |
| Specialization: | Commercial, corporate and financial law |
| Prerequisites / Co-requisites: | Business Associations or equivalent |
| Course offered to non-law students: | Yes |
| Credit point value: | 6 credits |
1.2 Course description
Students will learn about Hong Kong’s legal and regulatory framework for financial markets and gain an excellent overview of critical regulatory concerns and industry issues in the fast-developing regulatory landscape, especially in the age of evolving AI and tech developments.
Students will analyse the critical history of financial services regulatory reforms since the 2008 financial crisis and familiarise themselves with the consequential reforms in order to develop a framework of understanding for future analysis. Students will equip themselves on knowledge of current issues on cybersecurity, digital assets, and operational resilience which are critically relevant hot topics for financial institutions. Participation in active organised discussions in class is crucial.
Advanced topics including developments on financial markets infrastructure, legal technology and Family Office will be introduced.
By the end of this course, students will have developed an overview of the critical current issues financial markets professionals face and will become knowledgeable on adopting a framework of understanding and applying the key legal and regulatory principles. In addition, they will also acquire practical skills in analysing regulatory consultations and developments. These analytical and practical skills are highly relevant and valued for legal, compliance and control functions in the financial markets industry.
1.3 Course teachers
| Name | E-mail address | Office | Consultation | |
| Course convenor | Lea-Anne Lee | llee2218@hku.hk | CCT 709 | By email |
1.4 Course Outline (for elective course)
| Please click the link here for the course outline (HKU Portal login required). |
Learning Outcomes
2.1 Course Learning Outcomes (CLOs) for this course
CLO 1 Be able to describe the legal and regulatory framework governing financial institutions regulated by HKMA and SFC.
CLO 2 Be able to describe and critique regulatory reforms and identify key current regulatory topics.
CLO 3 Be familiar with the up and coming regulatory challenges and have a framework of understanding and developing skills to conduct further analysis.
2.2 LLB Programme Learning Outcomes (PLOs)
Please refer to the following link: https://course.law.hku.hk/llb-plo/
2.3 Programme Learning Outcomes to be achieved in this course
| PLO A | PLO B | PLO C | PLO D | PLO E | PLO F | |
| CLO 1 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 2 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 3 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Assessment(s)
3.1 Assessment Summary
| Assessment task | Weighting | Feedback method* | Course learning outcomes |
| Class participation | 20% | 1, 2, 3, 4 | |
| Group assignment | 30% | 1, 2, 3, 4 | |
| Take home exam | 50% | 1 | 1, 2, 3, 4 |
| *Feedback method (to be determined by course teacher) | |
| 1 | A general course report to be disseminated through Moodle |
| 2 | Individual feedback to be disseminated by email / through Moodle |
| 3 | Individual review meeting upon appointment |
| 4 | Group review meeting |
| 5 | In-class verbal feedback |
3.2 Assessment Detail
To be advised by course convenor(s). See also Course Outline above.
3.3 Grading Criteria
Please refer to the following link: https://www.law.hku.hk/_files/law_programme_grade_descriptors.pdf
Learning Activities
4.1 Learning Activity Plan
| Seminar: | 3 hours / week for 12 teaching weeks |
| Private study time: | 9.5 hours / week for 12 teaching weeks |
Remarks: the normative student study load per credit unit is 25 ± 5 hours (ie. 150 ± 30 hours for a 6-credit course), which includes all learning activities and experiences within and outside of classroom, and any assessment task and examinations and associated preparations.
4.2 Details of Learning Activities
To be advised by course convenor(s).
Learning Resources
5.1 Resources
| Reading materials: | Reading materials are posted on Moodle |
| Core reading list: | TBA |
| Recommended reading list: | TBA |
5.2 Links
Please refer to the following link: http://www.law.hku.hk/course/learning-resources/