JUR1880 – Financial Market Law and Regulation
Financial Markets Law and Regulation matters to us all. It is about our payments, mortgages, banking, other forms of savings and pensions. It is also about Norway’s sovereign wealth fund, the shares and bank-loans to business and the financial system. How should the law protect depositors and investors? How can regulation promote the stability of financial markets to avoid another financial crash? How to balance efficiency and competition with stability and the universal provision of banking services?
Financial Markets Law and Regulation is increasingly important to the work of lawyers in private practice, in companies and the public sector from ministries down to local authorities, and it is undergoing rapid change involving fundamental policy choices.
The regulation of contracts between banks and their customers in national law is subject to EU directives, regulations and the practice of the European Court of Justice. It is made more complex by the impact of international standard setting, European human rights law and domestic constitutional and public and private law.
This course in financial market law and regulation includes the rules of banks, insurance and other investments, their products and the markets these are offered in with securities regulation. The course covers licensing/authorisation of banks, insurance companies and investments firms and investment funds, the organization of institutions and markets and conduct of business rules with investor protection.
The main focus are International and European sources and the interplay between national and European rules and supervisory authorities (“Finanstilsynet” and the three European Supervisory Authorities;The European Banking Authority, The European Securities and Markets Authority and The European Insurance and Occupational Pensions Authority).
See ‘Detailed course information’ regarding requirements and syllabus.
Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.
If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.
Nordic applicants that are accepted to study programmes or individual courses at UiO can be admitted to this course.
Recommended previous knowledge
Please note that lectures and curriculum for this course is aimed at students at master degree level.
However, the achievement requirements are adjusted for students who take the subject at bachelor degree level.
10 credits overlap with JUS5880 – Financial Market Law and Regulation
Lectures/seminars, 20 hours.
Language of teaching for this course is English. This means that all communication during lectures/seminars will be in English, and all literature and auxiliary materials are in English.
4 hour written open book digital school examination.
Examination support material
This is an open book digital school examination. You are permitted to use any materials written on paper during the examination. This includes books, lecture materials and your own notes, whether handwritten or printed. There are no restrictions on marking up or highlighting these written materials. No electronic support materials are allowed.
Use of sources and rules for citing.
The standard rules on cheating and plagiarism which apply to assignments apply also to the written open book examination. This means that you must provide a reference whenever you draw upon another person’s ideas, words or research in your answer to the exam question(s). You cannot copy text directly from textbooks, journal articles, court judgments etc. without highlighting that the text is copied.
Thus, pieces of text quoted verbatim from these and other sources must be italicised or otherwise highlighted so that it is obvious that the pieces of text are quotes.
Example of highlighting in a text:
"Laurent Bailay and Bernard Van der Lande propose to define a mobile payment as a “payment for products or services between two parties for which a mobile device, such as a mobile phone, plays a key role in the realization of the payment”. (European Commission, GREEN PAPER Towards an integrated European market for card, internet and mobile payments, page 5)"
Failure to cite sources or highlight quotes in your exam answer may be considered as evidence of cheating.
Language of examination
The examination text is given in English, and you submit your response in English.
Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.
Marking criteria for written examination
This guide is used by examiners for grading elective courses at the Faculty of Law.
Explanations and appeals
Resit an examination
- Illness at exams
- Postponed exams
- Resitting an examination.
- There are special rules for resitting a passed examination in the master's programme in Law.
Withdrawal from an examination
It is possible to take this exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.
Special examination arrangements
Application form, deadline and requirements for special examination arrangements.
The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.