LLAW6303 & JDOC6303

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: Second
Prerequisites / Co-requisites: Students should have at least some basic knowledge of company law and regulation.
Credit point value: 9 credits / 6 credits
Cap on student numbers: 50

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, with particular reference to the new Regulation on Crowdfunding, the EBA Guidelines for Outsourcing Arrangements, as well as the Proposal of Market in Cryptoasset Regulation; Roboadvice, Cybersecurity and Data protection policies in the financial sector.

To have a better understanding of the effective application of the EU framework, also CJUE decisions will be analyzed.

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
Participation to class discussions N/A 10% 1, 2, 3, 4
Class  activities TBC 40% 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 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/