Regulations, 1997

I~N. 1930r l 997

EDUCATION A CT

(CA .... 327)

Master of Arts in Financi:1I $en'i«!S - 1\'l.A. - Degree Course

Regulations, 1997

In exercise of the powers con ferred upon him by sections 30 (5)

and 31 (6) of the Education Act (Cap. 327). the Chancellor of the

University of Malta has promulgated the following regulations made

by the Senate of the University of Malta by virt ue of the powersconferred

upon it by sections 31 and 35 of the said Act

Cltalion a nd interpretation

I . ( I ) 1be~e regul ations may becited as the Maste r of Arts in Financial Services

- M.A. - Degree Course Regulations, 1997.

In these regUlations, unless the contex t otherwise requires -

(2)

"the Board" means the Board of the Faculty of Law s;

"the Cou rse" means the course leadi ng to the degree of Master of Arts in

Fi nancia l Services - M.A.

"the Degree" means, as the case may require, the Degree of Master of Arts

in Financial Services - M.A.;

Applicability

These regulations shall appl y to courses starting in October 1995 or later.

( I)

tal-Grad ta' Master of Arts in Financial Services - M.A.

F' dawn ir-regolamenti, kernm-il darba r-rabt a lal-kliem rna teht iegx

(2)

xorfohra -

" i I-Bord" i fisser il-Bord lal-Fakulta' tal-Ligi

" ii-Grad" ilisser ii-Grad la' Master of Arts in Financial Services - MA.;

"il· Kors" ifisser il -Kors Ii jwassal ghall-Grad la ' Master of Arts in Financial

Services - MA .;

A ppJ ikabil ita'

Hoard of Studies

The Board shall be administered by a Board of Stu dies appointed by Senate

and shall nomlally be composed of members proposed by the Faculty Board of Laws

and the Fac ul ty Board of Em llom ics. Management and Accoun tancy and two students

elected by and from among the swdents in the Course.

Eligibility for the Degree

To be eligible for the award of the Degree a candidate must -

(a) be registered as a regular student in tems of the Admission Regulati ons

of the Uni versi ty;

(b)

satisfy the special course requi reme nts for admiss ion to the Course;

(c) complete the course of studies. qual ify in the examinations and co mpl y

with any orher requirements prescribed in Ihcse regul alions; :md

(d) comply with any other requi re ments prescribed in any OIher relevant

slat utes and regulations of the Universit y.

Spt.'Cial course RI,.'(luirements

(I) Candidah.,:s for admission 10 Ihe Course shall be in possessio n of one o f

ihe following qualifications

the LL.D. Degree or the Diploma of Nora ry Public; or

(a)

(b) a Bachelor's degree wi th at least second class honours in Accountancy

or Ban king and Finance: or

(c) professional qualificati ons in Accountancy or Accoun tancy and Auditing

recognised by the Universi ty of Malta for the purpose : or

equivalent qualifications in a re lated area from this University or another

(d)

University re<:ogn iscd by Ihe University of Malta for the purpose.

The admission of candidates may be made conditional on the re sults of

(2)

an interview and. in the case of candidates who nrc not in possession of the LLD or the

BA(Uons) in Accou ntancy or lhe BA (Hons) in Bankin g and Finance. lhe Board may

impose additional requiremenls including the req uirement to follow a preparatory

programme of studi es and to pass a qualifying examination prior to registration for the

Course,

Course duration

The Course shall ex tend over one academic year of futl ·time study followed

by a period of not mo re than si x months durin g which candidates shal l be required to

complete a di ssenat ion. provided Ihat a ca ndidat e may choose. with the pemlission of

the board, to study for ttle degree on a pan. time basis. in which case any period spenl

in pan. time study shall be deemed to be equi\'alcllllO half the period required in full -

time stud y,

Course of Sludies

7, ( I ) In order to com plete the Course ca nd idates must obtain nOlless than

twelve credits. At least eight credits must be in "core" su bjects, th ree credits must be

chosen from a list of electi\'c study.units in the l:Jw area and one credit must be chosen

from a li st of elcctivc study- units in the fin:ulce area. In additi on. ca ndidates must

completc. and be appro\<cd in , a disse nion as pTCS(; ribed in regulation 9 .

(2) A catalogue of study·units comprising the "core" subjects alld electi ves,

with the credits assigned to each, shall be published before the stan of each academic

year. A candidate may not register for more than founeen credits.

Assessments a nd examinations

Snbicx itcmmu [· Kors il-kandidati gh:Uldhom jiksbu mhux inqas minll lIIax-il

kredtu. Ghallinqas (micn kred! i glundholll ikllllU fiI 'rore JU!lfro s. tliet kn.--dl i ghandhom

8 1433

jinghazlu mill -lisla eleniva la ' laqsimict studju fil-qasam tal -ligi u kredlu wiehe<! mill-

lista eleniva ta' laqsimici sludju fi l-qasam tal-finanzi . Barra minn dan il-kandidal i

gha ndhom itemmu di sse nuu:joni approvata skolKi ir-regola mcnt 9.

(2) Katalgu la' taqsim ict sludju Ii jikkomprcndi s-suggcni ('ore u dawl: clenivi,

bil-kredti rnoghtija iii kull taqsima, ghandu jigi ppublikut qubcl il-bidu ta ' kull sc nu

akkadcmika. Kandidat ma ghandwl jirregistra ghal aktar minn crbatax -ilkredtu.

Valutazzjoni u eiamijiet

8 _ ( I) Kulllaqsirna studju ghaodha ligi valulata fuq ix, xog hol tal· koo u1jew

minn lellS ta' valutaujoni .

(2) Eiamijiel kompren sivi Ii jkunu rnaghmu la minn ema' kani ta' tliet

sieghat il-waMa ghandhom isiru fi tmic m l-ewwel sena u fil -kai la' kandidali purl-

lime fi tmiem it-ticni sena .

(3) Kredti ghall -valutazzjoni tall -lloghol tal-kors u tat-teSIS la' ku II taq si ma

studju u I-gradi fil- kan i ta' l-ei:ami ghand hom jinghataw fi gradi A, B, C, D jew F.

fordni Ii jin7.c1 mill-oghla ghall. inqas mcnu, fcj n F tindika Ii kandidat wchcl .

(4) Kand idat lijehel fi l. valutazzjoni tall-lloghol tal-kors jew UII· lest fwahda

jew aktar mit-taqsirniet studju. Ii rna jkunx aktar minn ema krcdti, ghaoou jithaJla

jerga jissottometli x-xogl'lol tal -kors jew jerga jaghruel il -teSI ta' valutazzjoni ghal-

taqsima jew taqs irniet sludj u, li fihom ikun wehel,darba waMa biss, u dan normalment

fi -imien Iliet xhur mill-publikaujoni tar-rii:ultali lal- vaJulazzjoni tax -xoghol tal- Kors

jew tat-lest. F kaiijict bhal dawn l-oghla grad Ii jista' jinghata ghandu jkun D. Kandidal

Ii majiksibx ta' lanqas Imicn krcdti fl-ewwel sessjoni, ghand ujkun ikkonsidrat Ii wche l

definitivament iroa jista' jithalla jerga' jibda il-Kors dama biss.

(5) Kandidat Ii jchel f'mhux aktar minn tncjn mill-erba kani tal-ezami

msemmija fiI-parngrafu (2) la' dan ir, regolament,jista' jilhall ajcrga' jaghme l ii -kana

jcw karti Ii wehel dama biss. F'kai: bhal dan I-oghla grad Ii jista jinghala ghandu jkun

D. Kandidat Ii jehel ri;i:jed minn :£ewg kani tal-eiamijiel fl-ewwel sessjoni jew rxi

karta lar- riparatorju ghandu jilqies Ii wehel definitivament iUla j isla' jithaJla jerga'

jibda I-Kors darba biss.

Id. d isserlazzjoni

9 . (I)

Id-dissenazzjoni hija clcmcnt obbligatorj u tal -Kors.

(2) id-dissenazzjoni ghandha tkun ta' mhu:\: aktar min n 25,000 kelma u

ghandha tkun dwar suggett proposl mill-kandidat u approvat mill , Bord . ld-dissertazzjoni

ghandha laghli prova la' ricerl;a ind ipcnde nti u ghandha tkun I; ontribut origin ali lis-

suggctt.

Kandidat ghandll j issolto lllctti s-suggcII rad -di s sc na7:~joni ghall-

(3)

approva,"~joni tal-Bord II1hu )( aktar tard minn sin )(hur mill -bidu tal -Kors. Kandidati

p</rI-rime gha ndholll j issoltomcltu I - pro~ta lagh holll mhu x aklar lard Illinn sill )(hur

mill-bidu lal-licni sena lal-Kors.

(4) Wara Ii s-suggclt lad--dissc naZl.jon i jigi approval il-kandidat ghnndu

jigi assenjal supcrllizur Ii ghand u jigi mailiur mill -Bord.

(5) Id--disscnal.ljoni ghandha ligi sollomcssa mhu)( aklar tard ruinn sin

xhur warn Ii jsiru I-Ezamijici Finali msernmija fir-rcgolamcnl 8 hawn fuq. Kandidati

(larl-lime gh;,ndhOIll ji ssollom~n u d-disscnaajo ni mhux akl ar tard min n tnax _i l xahnr

mi ll - Eiarniji~t Finali tm -ticni scna tal -Kors ta ghhorll .

(6) II- Bord jisla· . fid-diskrczzjon i tieghu ,jaghti I il1-kandidat e5tcnsjon i 100-

dma ghas-sotlom issjoni lad -disscnaZljoni mscmrnija fiI-paragrnfu preCedenti 1.11' dan

ir-rcgolamenlla· mhu)( aktar minn silt )(hUT.

(7) Id-dissenazzjoni ghandh:l ligi cZ(l nrinata minn Bord ta· Ei:arninaturi

mahrur mill-Bord.

(8 ) Kull kandid:u ghandu jissoltorneni Imien koppji too--disscnaujoni u

jiddikjara bil-miktub Ii d-disscna ujoni hija xoghol ticghu u Ii hi nmghmula skond ir-

n;kwi iiti mscm rn ij(l fiI -paragrafll (2) taO dan ir-rcgolamcnt.

(9) II -Bord lal-Ezami nalUri ghandu jigi mlaqqa· mie-Chairman biex

jiddiskur i d--disse n:u.zjoni. Kandidat j isra' jkun mehticgjaghmel eiami \ 'jm r·oce sabiex

jiddcfcnd i d-dissena~~joni riegh u.

( I 0) [I-Bord tal-Ei nrn i n:uuri j iSla· japprova d-disscnil zzjoni. J ista· jehlieg

il-kandidm Ii jaghrncl korn:ajonijict jcw Ii jeTga jiktcb mill-gdid id-disscnazzjoni fi

imicn slabbil il. 11-Bord la· I-Eiami n:uuri j iSla · 10:1 j:lpprovax id--disscn:lzzjoni koll ha

kcmm hi .

(I I) Jckk id -disscnazzjoni m:!ligill milqugha jew il ,korrezzjonijictjcw il-

kitb:! mill-gdid t:!ghha mn tkun x ikkonsidrat.t tajba biZiejj ... d jew ilia tkunx sottotllcssa

fiz-imicn srabbilil il -kandidm majinglrmax ii-Grad .

KlassifikaaJoni u oglrli lal-Grad

(I) Each study-unit shall be assessed through course work and/or by

assessment tests.

Comprehensive examinations consisting of four papers of three hours

(2)

duration each shall be held at the elld of the first year, and in the case of pan-time

candidate, at the end of the second year.

Credits for the coursework assessment or test of each study -unit and

(3)

the grade for the ex:amination papers shall be assigned according 10 the grades A. B, C,

o or F in descending order of merit, F indicating Fail.

A candidate who fails in the coursework assessment or test of one or

(4)

more study-un its together totalling not more than four credits shall be allowed to

resubmit the eoursework or re-sit the assessme nt test for the study-unitls failed once

only, nonnally within three months from the publication of tile result of the coursework

assessment or tesl.ln such cases the max:imum grade that can be awarded shall be O . A

candidate who fail s to obtain a minimum of eight credits at the first sitting shall be

considered to have defi nitel y failed but may be allowed to recommence the Course

once only.

A candidate who fails in not more than two of the four ex:amination

(5)

papers referred to in paragraph (2) of this regulation shall be allowed 10 re-sit the

papersfs failed once only. In such case the maximum grade that can be awarded shall

be O. A candidate who fails in more than two examination papers at the first sitlin g or

any paper in the resit shall be considered 10 have definitely failed but may be allowed

to recommence the Course once only.

Dissertation

(I) The dissenation shall be a compulsory element of the Course

(2) The dissenalion shall be of not more than 25,000 words in length on a

subject proposed by the candidate and approved by the Board. It should provide evidence

of independent research and constitute an original contributi oll to the subject.

(3) The candidate must present a wrinen proposal for a dissenation topic

1I0t later than si ~ momhs from the beginning of the Course. Pan-time candidates shall

present their proposal not later than six months from the beginning of the second year

of the Course.

(4) On approval of the dissenation proposal the candidate shall be assigned

a supervisor who shall be appointed by the Board.

The di ssc nation must be submitted not later tl1al1 six months after thc

(5)

taking of the Final Examinations referred 10 ill rc gu lation 8 above. Pan-time candidates

shall suhmi t theirdisse nation not later than twelve months after the Final Examinations

in the second year of their Course.

The board may in its discretion grant a candidate an extension of the

(6)

submission d,lte referred to in the preceding paragraph o f this regulation up to a

maximum ofsi:l. months.

The dissenation shall be e:l.amilled by a Board of E:l.amillers appointed

(7)

by tile Board.

Each candidate shall submi t 8 copies of the dissertation and declare in

(8)

writing that the di ssenation is his own work and cOllfonns to the requirements stated

in paragraph (2) of this regulation .

The Board of Examiners shall be cOllvened by its Chainnan to discuss

(9)

the dissenation. A candidate may also be required 10 take a viva ~'oce examillation in

defence of his dissenation.

The Board of Examiners may approve the dissenation. It may require

(10)

the candidate to make corrections or to completely re -write the dissenation w[thill a

stated time limit. It may rej ect the dissertation altogether.

A candidate whose dissertation is rejected or whose corrections or re-

(I I )

writing are considered in,Kicquate or have not been submitted wi thin the prescribed

time limit shall not be awarded the Degree.

C lassifica tion a nd awa rd of the Degree

(I) The award of the degree shall be classified as a Pass with Distinction

or Pass depending on the overall results obtained . For classification purposes the

pcrfonnallce of the candidate in the credi ts shall accou nt for 20% of the final weighting.

The performance of the candidate ill the c:l:aminations shall account for 50% of the

filial weighting while the pcrfonnance of the candidate in the dissertation shall account

for the remaining 30%.

(2) The names of the successful calldidates shall be published on the notice

board of the University. in alphabetical order as well as in the order of classification

obtai ned.