UK Financial Regulation
| Module title | UK Financial Regulation |
|---|---|
| Module code | BEF2023DA |
| Academic year | 2025/6 |
| Credits | 30 |
| Module staff | Dr Rami Chehab (Lecturer) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 10 |
| Number students taking module (anticipated) | 40 |
|---|
Module description
This module introduces a basic knowledge of the regulations and legislation underpinning the financial markets and conduct of investment business. It prepares you to undertake the Chartered Institute for Securities and Investments’ “UK Financial Regulation” exam.
Module aims - intentions of the module
This module aims to offer a comprehensive understanding of UK financial regulation by first providing an insightful overview of its fundamental purpose and its intricate connection to both the real economy and the financial economy. We will delve into the complexities of regulatory design and application. Furthermore, we will explore the far-reaching consequences of financial regulation and the reforms in the financial sector, offering a comparative analysis of their impacts on different markets and jurisdictions, students will gain a profound grasp of the UK financial regulation and its application in various areas.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Critically discuss the wider structure of UK financial regulation including the responsibilities of the main regulating bodies and the relationship between them
- 2. Describe the regulated and prohibited activities and the investigation procedures in the FSMA2000 and the FSA 2012
- 3. Explain the legal considerations associated with financial regulations to make informed decisions and uphold compliance standards in a professional setting
- 4. Explain the FCA Conduct of Business Sourcebook, its application, and the general provisions, ensuring compliance with regulatory standards and ethical practices in the financial industry
- 5. Apply the procedures for handling customer complaints
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 7. Identify and apply relevant financial regulations including market abuse, insider dealing, money laundering, bribery etc.
- 8. Evidence good practices in handling client assets, ensuring compliance with regulatory standards
- 9. Analyse the efficacy of the regulations in the FCA Handbook in the context of financial services
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 10. Produce written work/reports related to this subject area
- 11. Gather, evaluate, and synthesize information from various sources, contributing to the development of well-informed arguments and insights
Syllabus plan
- The Regulatory Environment
- • The Financial Services and Markets Act 2000 and Financial Services Act 2012
- • Associated Legislation and Regulation
- • The FCA Conduct of Business Sourcebook / Client Assets
- • Complaints and Redress
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 90 | 210 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning and Teaching Activities | 25 | Masterclasses (in-person and online) |
| Scheduled Learning and Teaching Activities | 65 | Online guided learning |
| Guided Independent Study | 110 | Research, reading, assessment preparation and web-based activities including external resources if applicable. |
| Placement | 100 | Apply knowledge to practical situations in the workplace |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Weekly online quizzes | 10-20 minutes | 1-9 | Marks and online answer option feedback |
| Mock Exam | 1 hour 30 minutes - 1 mock exam | 1-9 | Marks and generic written cohort feedback |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 50 | 50 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Multiple choice exam | 50 | 75 MCQ questions - 1 hour 30 minutes | 1-9 | Marks and generic written cohort feedback |
| Applied exercise / written assignment | 50 | 2500-word written assignment or equivalent total | 1-11 | Marks and individual feedback (written) |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Multiple choice exam | 75 MCQ questions 1 hour 30 minutes | 1-9 | In line with university regulations |
| Applied exercise / written assignment | 2500-word written assignment or equivalent total | 1-11 | In line with university regulations |
Re-assessment notes
Deferral – if you have been deferred for any assessment you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of deferral will not be capped and will be treated as it would be if it were your first attempt at the assessment.
Referral – if you have failed the module overall (i.e. a final overall module mark of less than 40%) you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of referral will be capped at 40%
Indicative learning resources - Basic reading
- UK Financial Regulation (Level 3), CISI Workbook, The Chartered Institute for Securities and Investment (CISI)
Indicative learning resources - Other resources
- CISI Revision Express online learning platform, Yahoo Finance, MarketWatch, Financial Times
- The FCA handbook
- The PRA handbook
- The Criminal Justice Act 1993
- The FSMA 2000
- Journal of Financial Regulation
- Journal of Financial Regulation and Compliance
- Journal of Financial Perspectives
- Journal of Finance
| Credit value | 30 |
|---|---|
| Module ECTS | 15 |
| Module pre-requisites | None |
| Module co-requisites | None |
| NQF level (module) | 5 |
| Available as distance learning? | No |
| Origin date | 10/09/2023 |
| Last revision date | 18/03/2024 |
