BYE-LAWS FOR THE DEGREE OF BACHELOR OF SCIENCE (HONOURS) IN FINANCIAL MATHEMATICS AND RISK MANAGEMENT - B.SC.

MATHEMATICS AND RISK MANAGEMENT - B.SC.

(HONS) - UNDER THE AUSPICES OF THE FACULTY OF

SCIENCE

SUBSIDIARY LEGISLATION 327.743

BYE-LAWS FOR THE DEGREE OF BACHELOR OF

SCIENCE (HONOURS) IN FINANCIAL

MATHEMATICS AND RISK MANAGEMENT - B.SC.

(HONS) - UNDER THE AUSPICES OF THE FACULTY

OF SCIENCE

1st October, 2024

LEGAL NOTICE 242 of 2024.

(1)

These bye-laws may be cited as the Bye-Laws for

the Degree of Bachelor of Science (Honours) in Financial

Mathematics and Risk Management - B.Sc. (Hons) - under the

auspices of the Faculty of Science.

(2)

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

“the Board” means the Board of the Faculty of Science;

“the Board of Studies” means the Board of Studies appointed by

Senate for the Course, on the recommendations of the Board;

“the Course” means the programme of study leading to the

degree of Bachelor of Science (Honours) in Financial Mathematics

and Risk Management - B.Sc. (Hons);

“the Degree” means the degree of Bachelor of Science

(Honours) in Financial Mathematics and Risk Management - B.Sc.

(Hons);

“the Diploma” means the Diploma in Financial Mathematics and

Risk Management;

“the Higher Diploma” means the Higher Diploma in Financial

Mathematics and Risk Management; and

“the Principal Regulations” means the General Regulations for

University Undergraduate Awards, 2019.

These bye-laws shall be

applicable

for

courses

commencing in October 2024 or later.

To be registered as regular students in the Course,

applicants shall, apart from satisfying the general requirements for

admission as specified in the Admissions Regulations, be in

possession of a pass at Advanced Level at Grade C or better in Pure

Mathematics.

MATHEMATICS AND RISK MANAGEMENT - B.SC.

(HONS) - UNDER THE AUSPICES OF THE FACULTY OF

SCIENCE

The Course shall extend over a period of four years of

full-time study or the equivalent in part-time study.

The Board of Studies shall publish the programme of

study before the commencement of each Course after approval by

Senate. Subject to changes that the Board of Studies may, with the

approval of Senate, be constrained to make, students are bound to

follow the study-units and obtain the credits as indicated in the

programme of study for the Degree, provided that the programme

shall be drawn up in accordance with the relevant provisions of the

Principal Regulations.

In order to be eligible for the Degree, students shall be

required to register and pass in study-units to which a total of 240

ECTS credits are assigned.

Students who successfully complete study-units to which

at least 60 ECTS credits are assigned and opt not to proceed with the

Course or, having proceeded, do not successfully complete the

Course, shall be entitled to the Diploma.

Students who successfully complete study-units to which

at least 120 ECTS credits are assigned and opt not to proceed with

the Course or, having proceeded, do not successfully complete the

Course, shall be entitled to the Higher Diploma.

The Final Weighted Average Mark for the classification of

the Diploma, the Higher Diploma and the Degree shall be based on

the results obtained in each year of the Course, all study-units being

weighted equally.

The classification of the awards shall be published

according to the provisions of the Principal Regulations.

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.

The Course may also be offered on a flexible part-time

basis with the following special provisions in terms of the provisions

outlined in the Principal Regulations, applicable with the necessary

changes needed (mutatis mutandis) owing to the part-time nature of

the Course

(a)

During each academic year, students shall be

allowed to register for a number of study-units as

agreed with the Course Coordinator, to which not

less than 12 ECTS credits are assigned, provided

MATHEMATICS AND RISK MANAGEMENT - B.SC.

(HONS) - UNDER THE AUSPICES OF THE FACULTY OF

SCIENCE

that registration for the study-units included in the

programme of study for each Course year (60

ECTS credits) is spread over not more than three

academic years;

(b)

In order to progress regularly from one Course year

to the next, the 60 ECTS credits of each Course

year must be completed in not more than three

academic years;

(c)

Students who are absent for the assessment of a

study-unit, or fail in the assessment of a study-unit,

shall, if eligible, be required to take the assessment

of any number of such incomplete study-units at

the September assessment session or at the next

available opportunity;

(d)

If necessary, students may be allowed to refer the

assessment of a study-unit to the next academic

year, provided that not more than 12 ECTS credits

may be referred from one Course year to the next;

(e)

The assessment of study-units that may be referred

to the next academic year shall be considered as

additional to the minimum number of 12 ECTS

credits that students are obliged to register for

during any academic year;

(f)

Students who, after having registered for all the

study-units comprising the programme of a Course

year, and who after the September session lack

more than 12 ECTS credits to complete the

programme for the Course year, may be allowed, if

eligible and after academic advice, to refer them to

the next academic year during which they shall not

be allowed to register for any other study-units. If

such an academic year is needed in addition to the

maximum period of three years referred to in

paragraph (b) of this bye-law, it shall be considered

as an additional year;

(g)

Students who, after having registered for all the

study-units comprising the programme of the final

year, may, if necessary and if eligible, refer any

incomplete study-units to an additional academic

year;

(h)

An additional year, whether required in terms of

MATHEMATICS AND RISK MANAGEMENT - B.SC.

(HONS) - UNDER THE AUSPICES OF THE FACULTY OF

SCIENCE

paragraphs (f) or (g) may be granted once only

throughout the Course, unless in special

circumstances and with the approval of Senate;

(i)

Students registered on the flexible part-time

programme must obtain the approval of the Course

Coordinator before they are registered on the study-

units they wish to follow in any academic year;

(j)

Subject to approval by the Board, students

registered on the Course may be allowed to change

the mode of attendance from full-time to flexible

part-time or vice versa at the beginning of the

second year of the regular programme of study.

Changes in the mode of attendance in any

subsequent year of the Course may be considered

by the Board, if the Course programme permits;

and

(k)

Notwithstanding the provisions of the Principal

Regulations, owing to the nature of the Course

when offered on a flexible part-time basis that

allows for a longer duration than normal, students

registered on such a flexible part-time Course

programme shall not be entitled to ever repeat a

Course year in its entirety, nor to an extension year

after each Course year.