JUS5880 – Financial Market Law and Regulation

Schedule, syllabus and examination date

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Course content

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).

Learning outcome

See ‘Detailed course information’ regarding requirements and syllabus.

Admission

You may register for this course if you have admission to a Master’s programme at UiO or the faculty's exchange programme. You can also register for this course if you do not have admission to any programme at UiO, but meet the formal prerequistites.

All students are required meet the formal prerequistites.

Have you met the formal prerequisites at another institution than the University of Oslo, and the results are not formally registered at UiO, you must apply for admission to courses at Master’s level . Students with admission to Master’s degree programmes at other faculties than The Faculty of Law must also apply for admission.

When your admission is in order you must register for courses in StudentWeb

Prerequisites

Formal prerequisite knowledge

Students must fill one of these requirements:

  • Passed 1st - 3rd year of the 5-years degree Master of Laws (Master i rettsvitenskap at UiO) (or exams that qualify for exemption for these) or
  • Hold a 5-years Master’s degree in Laws (Master i rettsvitenskap at UiO) or equivalent.

Exemptions from the formal prerequisites will be given to students with admission to the faculty's own exchange or master’s degree programmes. This rule does not apply to students with admission to other master’s degree programmes at the University of Oslo, unless otherwise agreed.

Recommended previous knowledge

Three years of law studies.

Overlapping courses

10 credits overlap with JUR1880 – Financial Market Law and Regulation

Teaching

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.

Examination

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.

Previous exam papers

Language of examination

The examination text is given in English, and you submit your response in English.

Grading scale

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

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.

There are special rules for resitting a passed examination in the master's programme in Law.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.

Evaluation

The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.

Facts about this course

Credits

10

Level

Master

Teaching

Every autumn

Examination

Every autumn

Teaching language

English