Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
This elective is primarily concerned with the exposition of the legal principles and the regulatory regime governing financial institutions in South Africa. It focuses on financial institutions engaged in the intermediation processes, such as banks, securities and insurance institutions. Legal principles covered in the course regarding this sector relate mainly to those governing definitions, functions, significance in the economy, duties towards customers and basic rationales of why and how they are regulated.
The purpose of this module is therefore for students to gain basic knowledge and insight into the role of financial institutions in general. In as much as the emphasis of the course is South African law, it should be noted that for comparative purposes and because many of South Africa’s financial laws and regulations have their origins in English law, this course will, where necessary, make comparisons with the English approach to the regulation of the financial institutions.
Within semester assessment: 50%
Minimum total expected workload to achieve the learning outcomes for this module is 150 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The module requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Corporations Law (ZUG1016)