BYE-LAWS FOR THE DEGREES OF BACHELOR OF COMMERCE - B. COM. - AND BACHELOR OF COMMERCE (HONOURS) - B.COM. (HONS) -

AND ACCOUNTANCY

SUBSIDIARY LEGISLATION 327.302

BYE-LAWS FOR THE DEGREES OF BACHELOR OF

COMMERCE - B. COM. - AND BACHELOR OF

COMMERCE (HONOURS) - B.COM. (HONS) -

UNDER THE AUSPICES OF THE FACULTY OF

ECONOMICS, MANAGEMENT AND

ACCOUNTANCY

3rd February, 2006

LEGAL NOTICE 25 of 2006, as amended by Legal Notices 299 of 2006,

384 of 2007, 127, 289 of 2009, 383 of 2010, 137 of 2011, 387 of 2012, 35,

213, 340 of 2014, 245 of 2015, 296 of 2016, 276, 303 of 2017, 10 of 2018

and 129 of 2018.

(1) The title of these bye-laws is the Bye-Laws for the

Degrees of Bachelor of Commerce – B.Com. - and Bachelor of

Commerce (Honours) - B.Com. (Honours) - under the auspices of

the Faculty of Economics, Management and Accountancy.

(2)

In these bye-laws, unless the context otherwise requires -

"the Board" means the Board of the Faculty of Economics,

Management and Accountancy;

"the course" means the programme of studies leading to the

degree of Bachelor of Commerce - B.Com. - or the degree of

Bachelor of Commerce (Honours) - B.Com. (Hons) - as

appropriate;

"the Degree" means the degree of Bachelor of Commerce -

B.Com. - or the degree of Bachelor of Commerce (Honours) -

B.Com. (Hons) - as appropriate; and

"the Principal Regulations" means the General Regulations for

University Undergraduate Awards.

These bye-laws shall be

applicable

for

courses

commencing in October 2018 or later.

(1) The degree of Bachelor of Commerce is awarded in

Commerce as a sing le Main A rea of Stu dy wi th tw o of th e

following areas of specialisation

Accountancy, Banking and Finance, Economics,

Insurance, Management, Marketing, Public Policy, and

any other area approved by Senate on the

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recommendation of the Board.

(2) The degree of Bachelor of Commerce (Honours) is

awarded in Commerce as a Main Honours Area of Study with one

of the following areas of specialisation: Banking and Finance,

Economics, Insurance and Risk Management, Management,

Marketing, Public Policy, and any other area approved by Senate on

the recommendation of the Board.

(3) The areas of study offered in any particular year and the

permissible combinations of areas of study shall be published by

the Board before the commencement of each course, provided that

in any year, combinations of areas of study shall be offered

depending on the availability of resources and the number of

applicants who choose them.

To be registered as regular students in the course,

applicants shall either

(a) apart from satisfying the general requirements for

admission as specified in the Admission Regulations,

be in possession also of a pass at Intermediate

Matriculation Level in Pure Mathematics; or

(b) if choosing ‘Banking and Finance’ and, either

‘Economics’ or ‘Insurance’ or ‘Management’ or

‘Marketing’ or ‘Public Policy’ as the two areas of

specialisation, be in possession of either

(i)

the Certificate in Banking of the Chartered Institute

of Bankers (comprising six subjects) and a pass at

Intermediate Matriculation Level in Pure

Mathematics; or

(ii) the Advanced Diploma in Financial Services

offered by MCAST together with a pass at

Intermediate Matriculation Level in Pure

Mathematics; or

(iii) any other qualifications deemed relevant by the

Board together with a pass at Intermediate

Matriculation Level in Pure Mathematics, provided

that the qualifications comprise not less than 120

ECTS credits and are offered at MQF level 4 or

higher; or

(c) if choosing ‘Economics’ and ‘Management’ as the two

areas of specialisation, be in possession of the

Diploma in Commerce awarded by the University of

Malta. Subject to the provisions of the Principal

Regulations, such applicants may be allowed by the

Board to transfer these credits to the course. The

number of credits so transferred shall not exceed 60

ECTS credits.

(d)

if choosing 'Insurance' as an area of specialisation, be

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in possession of either

(i)

the Certificate in Insurance of the Chartered

Institute of Insurance and a pass at Intermediate

Matriculation Level in Pure Mathematics; or

(ii)

the Advanced Diploma in Insurance offered by

MCAST and a pass at Intermediate Matriculation in

Pure Mathematics; or

(iii)

the International Certificate in Enterprise Risk

Management of the Institute of Risk Management

and a pass at Intermediate Matriculation in Pure

Mathematics; or

(iv)

the Certificate in Risk Management in Financial

Services of the Institute of Risk Management and a

pass at Intermediate Matriculation in Pure

Mathematics.

To progress to the second year of the course with

2. Accountancy as an area of specialization students must be in

possession of a pass at Advanced Matriculation Level in

Accounting prior to admission in the course.

(1) The course for the degree of Bachelor of Commerce

shall extend over a period of three years of full-time study or five

years of part-time study.

(2) The course for the degree of Bachelor of Commerce

(Honours) shall extend over a period of four years of full-time

study or seven years of part-time study.

Students shall be required to register initially for the

Bachelor of Commerce course.

The course shall consist of two parts: Part One and Part

Two.

(1) Part One shall comprise the first three years of the

Course and shall be common both to the course leading to the

Bachelor of Commerce and to the course leading to the Bachelor of

Commerce (Honours).

(2)

Part One shall consist of study-units to which 180 credits

are assigned divided as follows

First Year: 60 credits which shall be common for all

students;

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Second Year: 60 credits of which at least 28 credits are

assigned to each of the two areas of

specialization chosen; and

Third Year

60 credits of which 30 credits are assigned

to each of the two areas of specialization

chosen.

Prior to registering in the second year of the course,

students shall be required to choose two areas of specialization

from the areas indicated in bye-law 3(1).

Students who successfully complete Part One of the course

by obtaining 180 credits shall be awarded the degree of Bachelor of

Commerce, unless they opt to proceed to Part Two of the course, if

eligible in terms of bye-law 13, and successfully complete it.

Part Two of the course comprises the fourth year leading to

the degree of Bachelor of Commerce (Honours) and comprises

study-units in one chosen area of specialization, to which 60 credits

are assigned including a dissertation of 10,000-12,000 words.

Students shall be eligible to register for Part Two of the

course if they

either

(a) have successfully completed Part One of the course

and have been placed in Category II or better in the

classification for the award of the Bachelor of

Commerce; and

(b) have obtained a minimum average mark of 65% in the

second and third year study-units in the area of

specialization chosen for Part Two of the course.

provided that this requirement shall not apply to students

opting for the Insurance and Risk Management, or Public

Policy areas of specialization.

Students who do not complete Part Two shall be awarded

the degree of Bachelor of Commerce, classified according to the

criteria indicated in bye-law 16(1).

The Board shall publish the course programme of study

and the programmes of study for each area of specialization, drawn

up in accordance with the relevant provisions of the Principal

Regulations, and approved by Senate. Subject to the approval of

S e n a t e , t h e B o a r d m a y m ak e a n y ne c e s s a r y c h a n g e s t o t h e

programmes of study and to the study-units required for the

Degree.

(1) The Final Weighted Average Mark for the

classification of the Bachelor of Commerce degree (Part One of the

course) shall be based on the results obtained in the three years of

Part One of the course which shall be weighted as follows

AND ACCOUNTANCY

First Year Average Mark

17%

Second Year Average Mark

33%

Third Year Average Mark

50%.

(2) The Final Weighted Average Mark for the classification of

the Bachelor of Commerce (Honours) degree shall be based on the

results obtained in the four years of the Course which shall be

weighted as follows

Part One Weighted Average Mark

60%

Fourth Year Average Mark

40%.

The provisions of the foregoing bye-laws shall apply

mutatis mutandis to courses followed on a part-time basis, and

subject to such changes as may reasonably be deemed by the Board

as necessary due to the part-time nature of the course.