Outline
This 11-week online course offers a comprehensive and yet simple explanation of the law and regulation of capital markets in terms of evolution of financial capitalism, emergence of companies from early forms to modern corporations, the legal nature of securities and legal framework of public and private securities transactions. The course, while explaining the nature of corporations and securities, investigates the legal and economic reasons for enacting securities regulation as public law rules during the 20th century and the subsequent developments. The course touches upon the market failures and contract law failures which have triggered the introduction of regulatory laws to tackle agency problem and asymmetric information between the issuers and the investors and the other legal measures adopted to combat insider dealing, market manipulation and other forms of market abuse in capital markets. This course uniquely adopts an international approach contextualised for Ghana, and is brought to you by MountCrest University College in collaboration with the Institute of Advanced Legal Studies, University of London.
Sessions
- Evolution of Company Law and Historical Development of Securities Market: Developed and Developing Countries Experiences.
- Legal Infrastructure of Public and Private Securities Markets: Contract Law, Company Law and Securities Regulation.
- Securities Market Failures (Asymmetric information and Agency Problem) and Emergence of Securities Regulation.
- Trends in Capital Markets Regulation: Diversity of EU, UK and US Approaches.
- Major Regulatory Regimes in Capital Markets: Licensing and Mandatory Disclosure of Information.
- Major Regulatory Regimes: Prohibition of Insider Dealings, mis-selling and Market Manipulation.
- The Role and Place of Regulatory Agencies: Regulation and Self-Regulation
- Role and Regulation of Trading, Clearing and Settlements: Securities Central Depositories
- Laws and Regulations related to Auditors, Credit Rating Agencies, and other information providers
- Legal Framework for Collective Investment and Market Intermediation
- Internationalisation of Securities Markets, the Relevance of National Regulatory Laws and Place of IOSCO (Extra Session)
- 25th April, 2022 - 30th June, 2022
- Thursday Evenings 6:30PM - 8:30PM