| Module Title: | Derivatives and the Regulatory Environment |
|---|
| Language of Instruction: | English |
|---|
| Teaching & Learning Strategies: |
Lectures, independent research, class and team discussions, peer evaluations, scenarios/case studies and problem-solving activities |
| Module Aim: |
The aim of this module is to enable students to evaluate the regulatory environment in which Alternative Investment Funds operate and to account for and assess trading in derivative securities.
|
| Learning Outcomes |
| On successful completion of this module the learner should be able to: |
| LO1 |
Critically evaluate the regulatory and legal framework for Alternative Investment Funds in an Irish, EU and international context. |
| LO2 |
Analyse and account for trading in derivatives, including futures, options, forwards, swaps and short sales. |
| LO3 |
Assess the financial statements of a fund, incorporating relevant standards and legal considerations. |
| LO4 |
Critically appraise current developments in the international funds industry |
| LO5 |
Appraise governance practices of investment funds, in an international context. |
| Pre-requisite learning |
Module Recommendations
This is prior learning (or a practical skill) that is recommended before enrolment in this module.
|
| 9298 |
ACCT |
Fund Accounting |
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. |
| No incompatible modules listed |
Co-requisite Modules
|
| No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. |
| No requirements listed |
Module Content & Assessment
| Indicative Content |
|
Introduction to Derivatives
Definition of derivatives, role of derivative securities, trading Over the Counter and Exchange-Traded, accounting for: daily appreciation/depreciation, trades and settlement of futures, options, short sales and swaps. Investment strategies.
|
|
Regulation/compliance
Role of regulation and regulators including The Central Bank of Ireland, The Irish Stock Exchange, The European Securities and Markets Authority and The Securities and Exchange Commission, laws for the fund industry and their impact on fund activities - MiFID, MIFIR, AIFMD. Categories of funds that can be established in Ireland, Global, European and UK, regulatory frameworks for investment funds.
|
|
Alternative Investment Funds
Categories of investors, investment strategies, fees, prospectus, risk management.
|
|
Financial statements of funds
Financial statements of funds, including relevant Accounting Standards and legal considerations.
|
|
Current developments in the fund sector
Responsible investments including sustainablel/green/Islamic investment funds. Developments in the technical regulatory environment such as distributed ledgers (blockchain), automation, data security,data governance.
|
|
Fund governance
Role of investment fund boards:risk management, composition of boards: knowledge, independence and diversity, investor engagement and stewardship, board accountability
|
| Assessment Breakdown | % |
|---|
| Continuous Assessment | 40.00% |
| Project | 30.00% |
| Practical | 30.00% |
| Continuous Assessment |
|---|
| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Examination |
Accounting for derivative instruments.
Evaluation of current developments in the fund sector. |
2,3,4 |
40.00 |
n/a |
| Project |
|---|
| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Project |
Reflective essay |
1,2,4,5 |
30.00 |
n/a |
| Practical |
|---|
| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Practical/Skills Evaluation |
Scenario based on the regulatory and legal framework and current developments in the fund sector. |
1,3,4 |
30.00 |
n/a |
| No End of Module Formal Examination |
| Continuous Assessment |
|---|
| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Examination |
Accounting for derivative instruments. Evaluation of current developments in the fund sector. |
2,3,4 |
40.00 |
n/a |
| Project |
|---|
| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Project |
Reflective essay |
1,2,4,5 |
30.00 |
n/a |
| Practical |
|---|
| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Practical/Skills Evaluation |
Scenario based on the regulatory and legal framework and current developments in the fund sector. |
1,3,4 |
30.00 |
n/a |
| No End of Module Formal Examination |
SETU Carlow Campus reserves the right to alter the nature and timings of assessment
Module Workload
| Workload: Full Time |
| Workload Type |
Frequency |
Average Weekly Learner Workload |
| Independent Learning |
15 Weeks per Stage |
11.87 |
| Lecture |
12 Weeks per Stage |
6.00 |
| Total Hours |
250.00 |
| Workload: Part Time |
| Workload Type |
Frequency |
Average Weekly Learner Workload |
| Independent Learning |
15 Weeks per Stage |
5.93 |
| Lecture |
12 Weeks per Stage |
3.00 |
| Total Hours |
125.00 |
Module Delivered In
|