General Course Information
1.1 Course details
| Course code: | LLAW6303 / JDOC6303 |
| Course name: | EU Financial Regulation and Technology |
| Programme offered under: | LLM Programme / JD Programme |
| Semester: | January |
| Prerequisites / Co-requisites: | Students should have at least some basic knowledge of company law and regulation. |
| Credit point value: | 9 credits / 6 credits |
1.2 Course description
The course aims at introducing students to the European regulation of the financial sector including compliance dimensions with a particular focus on the role of technology.
Digital technology and finance have been inextricably linked for decades, but we are entering a new era. Technologies like machine learning, data analytics, biometrics or blockchain are creating new possibilities to address credit and risk management, identity management, information security, secure payments or portfolio management. The full impact on the financial sector is yet to be seen, but a new comprehensive EU regulation is arising slowly. According to this trend, the course will cover four main areas of EU financial regulation: (i) financial markets, (ii) banking and financial institutions (iii) corporate governance regulation and compliance (iv) fintech.
In the first part of the course students will be introduced to the most significant piece of UE financial legislation, such as MiFID 2, PSD2, Prospectus regulation Amended, BRRD, Antimoney Laundering Directive (AMLD 5), etc. as well as to some recent proposal such as those concerning AIFMD and UCITS Directive and DRSPs regulation and the consequences of Brexit.
The second part of the course will then be devoted to explore fintech regulation and policy in Europe (Digital Finance Package), with particular reference to the new Regulation on Crowdfunding, the EBA Guidelines for Outsourcing Arrangements, as well as the Market in Cryptoasset Regulation (MiCA); the Digital Operational Resilience Act (DORA); the DLT Pilot Regime; and some other proposals regarding Digital Euro and Digital Payments. Roboadvice and Robo-Wealth Management will also be considered in the light of the GDPR and the upcoming AI Act.
1.3 Course teachers
| Name | E-mail address | Office | Consultation | |
| Course convenor | Claudia Sandei | claudia.sandei@unipd.it | TBA | By email |
Learning Outcomes
2.1 Course Learning Outcomes (CLOs) for this course
CLO 1 Develop a deep and practical understanding of EU financial services law, regulation and compliance in the Digital Age.
CLO 2 Critically evaluate the substantive legal principles and detailed regulatory requirements in the EU.
CLO 3 Cultivate practical understanding of compliance as undertaken in the EU.
CLO 4 Expand critical thinking and autonomous learning skills, to enable students to gain knowledge in an area of considerable commercial interest which will enhance employability potential in the international financial services (and other regulatory) sectors.
2.2 LLM and JD Programme Learning Outcomes (PLOs)
Please refer to the following link:
LLM – https://course.law.hku.hk/llm-plo/
JD – https://course.law.hku.hk/jd-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 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 4 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Assessment(s)
3.1 Assessment Summary
| Assessment task | Due date | Weighting | Feedback method* | Course learning outcomes |
| Class participation and activities | TBC | 50% | 1, 2, 3, 4 | |
| Take home exam^ | TBC | 50% | 1, 3 | 1, 2, 3, 4 |
^ Students must pass the exam to be eligible to pass the course.
| *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).
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 hour-seminar in an intensive mode |
| 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/