 |
UNIVERSITY OF
MALTA
FACULTY OF TEMPLATE Master of Arts (M.A.) in Financial Services |
|
UNIVERSITY OF
MALTA
FACULTY OF TEMPLATE Master of Arts (M.A.) in Financial Services |
|
MASTER OF ARTS IN FINANCIAL SERVICES (applicable to courses starting in 2003) PROGRAM STRUCTURE The degree is a "nine units" course, comprising five core (compulsory) subjects, three subjects from a number of "Category A Electives" and one subject from a number of "Category B Electives". In addition, participants must also complete a dissertation written under the supervision of one of the members of the teaching staff. Core courses The aim of the core courses is to provide participants with in-depth coverage of key areas of financial services with which every professional adviser in the field should be familiar. The five core courses cover : CML 5006 - Company Law (2 Credits)
Two preparatory modules are also being organised - one in Accounting and Finance and the other in Taxation - to enable participants without a basic knowledge in these areas to effectively participate in the Accounting and Finance unit and in the International Taxation unit. Elective courses Participants are also required to select four electives : THREE from a list of courses involving a relatively high law content ("Category A Electives") and ONE from a menu of courses involving accounting and finance ("Category B Electives"). The elective courses enable participants to choose areas of particular interest or specialisation. The following is the current list of electives being offered: Category "A" Electives CML 5009 - Trusts (1 Credit)
Category "B" Electives BKF 5051 – Introduction to Derivatives * (1 Credit)
* This elective cannot be taken by participants who are qualified in Banking and Finance. ** This elective cannot be taken by participants who are qualified in Accountancy. Duration The Program may be followed on full-time or a part-time basis. The full-time course will extend over one academic year. The part-time course will extend over two academic years. Individual dissertation Participants who opt to follow the course on a full-time basis must present a written proposal for a dissertation topic not later than six months from the beginning of the course. Those who opt to follow the course on a part-time basis shall present their proposal not later than six months from the beginning of the second year of the Course. The dissertation should be done under the supervision of a member of the teaching staff. The dissertation, which should not exceed 25,000 words, will be expected to involve original research and to demonstrate a close linkage with the material covered in core or elective courses. The topic is to be selected by the participant and approved by the Faculty. Those participants following course on a full-time basis must submit the dissertation not later than six months after the taking of the Final Examinations which are normally held in late May or June referred to in regulation 8 (check Regulations attached to the back of the Course Catalogue). Part-timers should submit their dissertation not later than twelve months after the Final Examinations in the Second year of their Course (normally in late May or June). The Board may in its discretion grant a candidate an extension of the submission date up to a maximum of six months. A Candidate should submit EIGHT copies of the dissertation, FOUR of which should be softbound and the remaining FOUR should be bound in a BLACK HARD COVER with gold lettering. The title of the dissertation should be written on the spine and on the front cover of the dissertation. The name of student, name of course, month and year of graduation should be written underneath each other on the right hand side at the bottom of the dissertation and on the spine of the dissertation. (Check Regulations at the end of course catalogue)
COURSE DESCRIPTION CORE SUBJECTS
CML 5006 - COMPANY LAW (2 Credits) The company is one of the most important institutions of contemporary society. Approximately 17,000 limited liability companies are registered in Malta, varying radically in size and commercial significance from the basic Lm500 "one-man company" to the large public companies. The company is undoubtedly the dominant form of business organisation. A number of reasons account for the company’s continuing popularity: its flexibility as a commercial institution, its convenient and low cost availability, and the limited liability it offers to its shareholders. Broadly, this course examines the role of company law and the use of the corporate structure in the business world. It explores the relationships, rights and duties of the various parties involved in such a structure. The course aims to equip its participants with the conceptual apparatus of company law and to address the fundamental policy issues underlying the regulation of the company form. In addition to the conceptual approach, the course will, through the medium of seminars, investigate a number of practical issues arising in company law, such as the issue of shares and debentures to the public, the listing of companies on the Malta Stock Exchange, the negotiation and execution of share transfer agreements and the duties of the company secretary. The topics covered in the course are (i) the historical development of Maltese company law and company law reform with particular reference to the transition from the Commercial Partnerships Ordinance 1962 to the Companies Act 1995 and the influence of European Union Directives. (ii) the process of incorporation and its consequences, including the notions of separate juridical personality and corporate capacity. The problem of "pre-incorporation" agreements will also be examined. (iii) corporate management, including the distribution of power within a company, the duties of directors and other officers of a company, the enforcement of such duties, and the relationships between directors and shareholder. (iv) corporate capital including the various types and classification of securities, the raising and maintenance of capital and the distribution and reduction of capital. (v) shareholder rights, dealing primarily with the nature of the shareholder's interest and the protection of shareholder rights, including where applicable, class rights. (vi) Organic changes, including conversions, amalgamations and divisions. (vii) the Stock Exchange Act and public listing requirements. (viii) the appointment and functions of the auditors and
their liability towards the
(ix) the appointment, functions and role of the company Secretary. ACC 5032 - ACCOUNTING AND FINANCE (2 Credits) The recently enacted local laws relating to financial services reflect the complexity of the modern business world. An understanding of these laws requires parallel knowledge of the different functions provided by modern commercial entities. One of these is that of accounting and finance and the purpose of this course is precisely that of providing students with knowledge of the theory and techniques of that part of this area which is relevant to financial services. The topics to be covered include: • The function of accounting; accounting and its environment; regulatory framework of accounting. • External financial reporting; the Profit and Loss Account; the Balance Sheet; the Cash Flow Statement. • The application of International Accounting Standards to the local scene. Emphasis will be made on such topics as accounting concepts and conventions, post balance sheet events, contingent liabilities, income determination, consolidated accounts, and business combinations. • Analysis of financial statements • The Auditor's Report. • Framework for financial decision making; evaluation of assets,
shares and
Students following this course are expected to have a good basic knowledge
of accounting and finance.
CML 5007 - INTERNATIONAL TAXATION (2 Credits) Fiscal considerations are of paramount importance to any financial centre,
its users and their advisors. Following a consideration of the taxation
system in Malta, a number of tax planning techniques will be examined and
illustrated with particular emphasis on the taxation of domestically based
non-resident activity. The role of tax conventions in attracting investment
and in alleviating the imposition of double taxation will be considered
and illustrated by various practical applications from Malta's extensive
treaty network.
BKF 5031 – INVESTMENTS & PORTFOLIO THEORY (1 Credit) This course will deal with the relationship between Risk and Return, the Capital Asset Pricing Model and the Arbitrage Pricing Theory, Portfolio Theory, Portfolio Performance and the concept and the evidence of Market Efficiency. CML 5008 – THE REGULATION OF FINANCIAL SERVICES (1 Credit) The lectures in this unit shall generally be concerned with examining the role of the regulatory bodies and the legal provisions and mechanisms that seek to promote the protection of consumers and investors in the financial services sector. This exercise shall include a special focus on the following subjects. Understanding regulation, sources and techniques of regulation and the concept of regulated activities, with particular reference to financial services; defining the notions of financial services and the investor; consideration of the main principles and aims of investor protection; a review of the general legal framework including a review of who is to be considered an investor and the justification for such protection; the distinction between the private investor and the non-private investor; a brief overview of the principal legislation which regulate the financial services sector, and reviewing the relevance of consumer and competition legislation. A review of the role and status of the public authorities regulating the financial services sector, including an analysis of the distinct functions and objectives of the three different and distinct regulatory bodies involved, namely the Central Bank of Malta, the Malta Financial Services Centre and the Malta Stock Exchange; the advantages and disadvantages of setting up a single unified financial services regulatory authority, and relevant developments in Malta and abroad Comparing the Maltese legal framework with the position currently evolving in the United Kingdom and other countries; a brief review of the financial services framework of the European Union, especially the notions of the single passport and home country supervision, and the World Trade Organisation, and the implications for Malta. Special attention shall be given to the Investment Services Act 1994,
including a review of the role and powers of the competent authority, the
licensing requirement and the fit and proper test and other regulatory
techniques used in the Act for the protection of investors; investor compensation
schemes, their objectives and features; the functions of the Financial
Services Tribunal and of the Malta Stock Exchange Tribunal.
COURSE CONTENT CATEGORY "A" ELECTIVES CML 5009 - TRUSTS (1 Credit) The trust has been described as "the greatest and most distinctive achievement performed by Englishmen in the field of jurisprudence". The course will examine the basic concepts of a trust arrangement and the extent to which this common law institute is recognised in Malta. The Trusts Act 1988 will be analysed with particular focus on the essential features of a Maltese Trust and the powers and duties of trustees under Maltese Law. The Hague Convention on the law applicable to trusts and their recognition will be considered and the extent of its applicability in Malta discussed. Finally some practical applications of the trust will be illustrated. CML 5010 – STOCK EXCHANGE REGULATION (1 Credit) Following an introduction into the history, workings and functions of the Stock Exchange, this course will focus in detail on the law and regulation governing the Malta Stock Exchange, principally the Malta Stock Exchange Act as amended, as well as the Bye Laws of the Malta Stock Exchange. The course will focus on the status and role of the key players involved in stock exchange operation; the regulator, the stockbroker, the accredited representative, the investor and the Stock Exchange Tribunal. Particular attention will be given to the listing process and other
pre and post listing issues such as corporate governance and market abuse
considerations.
CML 5011 - WINDING UP AND CORPORATE INSOLVENCY ( 1 Credit) The first part of this course examines the legal framework and rules affecting the winding up of companies generally, both solvent and insolvent. In its second part, the course concentrates on the complex issues of law and policy underlying the corporate insolvency regime. Is it lawful for the company to continue trading while insolvent? If the company does go into insolvent liquidation, what are the .rights of the different classes of creditors, and in what circumstances may pre-liquidation transactions be set aside? To what extent does the law interfere with the rights accrued prior to winding up? What are the liabilities of directors for the debts of insolvent companies? Can the holding company be held liable for the debts of its insolvent subsidiaries? Should the notion of "company rescue" be available, whereby claims against a company are frozen to enable an outside manager to seek to restore the company to viability? The course aims to cover the following aspects of winding up and insolvency: (i) the framework of the winding up of companies; winding up by
the court and MP
(ii) the concept of corporate insolvency. (iii) the assets available for distribution in a winding up. (iv) the treatment of claims and liabilities, including the avoidance
of transactions in
(v) the liabilities of directors for fraudulent trading and wrongful trading. (vi) group trading and insolvency. (vii) cross-border insolvency.
BKF 4122 – BANKING SERVICES (THE REGULATION OF BANKING) (1 Credit) This course aims to provide a wide perspective of the scope and characteristics of the market for banking and related services and the regulatory framework imposed on those operating within it. The first and introductory part of the course identifies and examines the main services offered by the banking industry in the personal and corporate services sectors: Personal banking services: the different types of accounts, automated services, networks and links with other systems, fund transfer systems (e.g., electronic funds transfer at point of sale (EFTPOS), automated teller machines (ATMs); standing orders and direct debits; cheque guarantee cards; bank drafts, travellers cheques' and foreign currency; credit and charge cards; secured lending, including loans for housing; bridging finance; overdraft facilities. Corporate banking services: loans for industrial and commercial development; overdraft facilities; facility letters and term loan agreements (fixed/floating rates, multi- currency option and other variations); syndicated loan agreements; selling loan agreements; Euronotes and commercial paper; swaps and related instruments; financing leasing; venture and risk capital; financing in the international context, including contract guarantees, letters of comfort, performance bonds and letters of credit. The second and major part of the course will tackle the regulatory aspects
of the business of banking and financial institutions. This will involve
an in-depth study of the relevant provisions in the Central Bank Act 1967,
the Banking Act 1994 and the Financial Institutions Act 1994. Special emphasis
win be laid on the conditions for the issue of licences, the capital adequacy
requirements, the obligations of licence holders, the regulatory and investigating
powers of the Competent Authority and the duties of auditors within the
context of the various enactments.
CML 5014 – INSURANCE SERVICES AND THE REGULATION OF INSURANCE BUSINESS ( 1 Credit) This course aims to provide an understanding, within the regulatory framework of the insurance industry, of the various classes offered and the types of insurance providers and intermediaries. After an introduction of the historical development of the regulatory framework of the local insurance industry and an examination of the various classes of insurance – life, property, marine, liability and motor – the course then focuses on the various type of insurance players, that is, insurance companies, including Lloyd’s, reinsurance companies and affiliated insurance companies, and intermediaries mainly, insurance agents, insurance managers, insurance brokers and sub-agents. The course then reviews the regulatory regime governing the insurance industry, primarily under the Insurance Business Act, 1998, the Insurance Brokers and Other Intermediaries Act, 1998, the regulations made under both Acts and the Insurance Directives and insurance Intermediaries Directives and the Malta Financial Services Centre Act. Special attention is given to the following matters: The various organisational modes through which the business of insurance
can be carried out.
In addition the course will examine the green Card Bureau system.
Also assessed is the notion of self-regulation and the role that the various
insurance association play in this.
CML 5012 - THE REGULATION OF INVESTMENT BUSINESS (1 Credit) This course addresses the important elements making up the investment
services industry both from a private law angle as well as from the regulatory
perspective, with particular reference to the Investment Services Act,
1994, Regulations enacted thereunder and the MFSC Guidelines on Investment
Services and collective Investment Schemes. Areas covered include
relevant instruments such as equities, bonds, futures and contracts for
differences, relevant services such as investment management, advice and
custody as well as different collective investment scheme structures and
constitutive documentation. The course also covers licensing requirements
for investment services and collective investment schemes, the obligations
of license holders and the investigatory powers of the Competent Authority
and the duties of auditors. The regulation of investment advertisements
is also addressed in the context of the above.
CML 5013 - LEGAL SAFEGUARDS AGAINST THE ABUSE OF THE FINANCIAL SYSTEM (COMPRISING THE REGULATION OF MONEY LAUNDERING, INSIDER DEALING AND PROFESSIONAL SECRECY) (1 Credit) The first part of the course traces the meaning of Insider Dealing and other market abuse offences; the legal techniques adopted to control insider dealing and other illegitimate practices; a critical analysis of the relevant legal provisions and case law will be highlighted within the context of the Insider Dealing Act, the Malta Stock Exchange Act and the Companies Act. The role of the regulatory authorities and the Malta Stock Exchange Tribunal will also be considered. The latter part of the course examines the basics of money laundering and it application in practice. The 1994 Act for the Prevention of Laundering Money in Malta will be considered and particularly the procedural remedies available to combat money laundering. The duties imposed, in terms of the Money Laundering Regulations, on providers of relevant financial business, will be analysed in detail as will be the Act setting up the Financial Intelligence Unit. In the last part of the Course various secrecy provisions will be analysed,
including the Professional Secrecy Act, with a view to highlight the fact
that secrecy provision do not provide a haven for abuse of the financial
system.
COURSE CONTENT CATEGORY "B" ELECTIVES BKF 5051 – INTRODUCTION TO DERIVATIVES (1 Credit) The course tries to help students attain a basic understanding of financial derivatives; forwards, futures, swaps and options. It uses an integrative graphical ‘building block’ approach that integrates the topics covered into one unified framework. An attempt is made to simply the mathematical content and to emphasize the understanding of the underlying economic concepts. Students are expected to read the course material before coming to the lecture and are encouraged to participate in the lecture with questions and comments. The final grade will depend on homework (20%), mid-term test (30%) and a final cumulative test (50%). Main texts Charles W. Smithson, Clifford W. Smith, Jr., and D. Sykes Wilford, Managing Financial Risk, 1995, Irwin (SSW). John Hull, Options, Futures and other Derivatives, Fourth Edition, 2000, Prentice Hall (H). Supplementary Texts Robert A. Strong, Speculative Market, second edition, 1994, Harper Collins (S). Country D. Smith, Option Strategies, second edition, 1996, Wiley. Other texts Lawrence Galitz, Financial Engineering: Tools and techniques to Manage Financial risk, revised edition, 1995, Pitman Publishing (G). Peter Ritchken, Derivative Market: Theory, Strategy and Applications, 1996, Harper Collins ®. Robert T. Daigler, Financial Futures and Options Market, 1994, Harper Collins (D). Advanced Texts John C. Cox and Mark Rubinstein, Options Market, 1985, Prentice Hall, (CR) Paul Wilmott, Derivatives: The Theory and Practice of Financial Engineering, 1998, Wiley. E. Briys, M. Bellalah, H.M. Mai and F. de Varenne, Options, Futures and Exotic Derivatives, 1998, Wiley. Mathematical Texts Paul Wilmott, Sam Harrison and Jeff Dewynne, The Mathematics of Financial Derivatives, A Student Introduction, 1995 Cambridge. Satyajit Das (ed), Risk Management and Financial Derivatives: A Guide to the Mathematics, 1997, Macmillam. 1) INTRODUCTION The new financial environment
SSW: 1 S:1 2) FINANCIAL RISK The risk profile
SSW:2 H:1 Growth of derivatives. Uses of Derivatives. The Dealers. Regulation, Accounting and Taxation. SSW:3 Risk Management and the value of the Firm. SSW:4 Measuring Financial Price Risk. SSW:5 3) FORWARD CONTRACTS Structure of a forward contract. Foreign exchange forward contract.
Interest Rate Parity.
Using forwards to manage: a) Foreign Exchange risks.
SSW: 7 4) FUTURES The Futures Contract. Institutional features to reduce Credit Risk. Liquidity. Futures prices. Cost of carry. Expected future spot prices. Basis. SSW: 8 H:2,3,4 S:8 Using futures to manage: a) An underlying exposure. Basis risk.
SSW: 9 S: 9,10,11 5) SWAPS Evolution of swap contract. Growth of the swap market SSW: 10 H:5 Pricing of swaps. Valuing a swap. SSW: 10 H: 5 Using swaps to: a) Reduce funding costs
SSW:11 6) OPTIONS The graphics of options. Option valuation. Put-call parity. The Binomial option-pricing model. SSW: 12 H: 6,7,9 S: 2,3,4
SSW: 13 H:10,11 S: 5 Using options to hedge: a) Interest rate risk
SSW: 14 H: 8
7) USING THE INSTRUMENTS Assembling the building blocks to produce “new” instruments. Redesigning of financial instruments. Swap options. Compound options. Options on stock Indexes. Currency options. SSW: 15,16 H: 12,13 S:13 8) REVIEW AND FINAL TEST
ACC 5012 - FINANCIAL CONTROL (1 Credit) Objective: To give students an overall appreciation of the need for financial information for internal-decision makers. Accordingly, this course is meant to indicate the application of accounting data in situations where different aspects of planning decision making and control are involved. The syllabus is spread over four main modules: (i) Module I - The Nature of Management Accounting (a) A study of the scope, principles and objectives of Management Accounting. (b) Relationship between Management Accounting and Financial Accounting. (c) Cost Ascertainment through the Marginal and Absorption Costing Systems. Activity based Costing. (ii) Module 2 - Accounting for Decision-Making (a) Decision theory. (b) Management Accounting
and organisational decision making and control.
(e) Uncertainty in decision malting. (iii) Module 3 - Budgets and Budgetary Control (a) An evaluation of the budgeting system (b) The principal objectives of budgetary control. (c)
The Role of Budgets.
(iv) Module 4 - Divisional Performance (a) Measurement of divisional performance, including return on investment
and residual
(b) Transfer pricing - an appreciation of the role of transfer
prices in large divisionalised
Updated on 6/05/2003
MASTER OF ARTS IN FINANCIAL SERVICES - M. A. –
Citation and Interpretation 1. (1) These Regulations may be cited as the Master of Arts in Financial Services - M.A. - Degree Course Regulations, 1997. (2) In these Regulations, unless the context otherwise requires: - "the Board" means the Board of the Faculty of Laws; "the Course" means the Course leading to the Degree of Master of Arts
in
'the Degree" means, as the case may require, the Degree of Master of
Arts in
Applicability 2. These regulations shall apply to courses starting in 1995 or later. Board of Studies 3. The Course shall be administered by a Board of Studies appointed by Senate and shall normally be composed of members proposed by the Faculty Board of Laws and the Faculty of Economics, Management and Accountancy and two students elected by and from among the students in the Course. Eligibility for the Degree 4. To be eligible for the award of the Degree, a candidate must - (a) be registered as a regular student in terms of the Admission Regulations
of
(b) satisfy the special course requirements for admission to the Course; (b) complete the course of studies, qualify in the examinations and
comply
(c) comply with any other requirements prescribed in any other relevant
Special Course Requirements 5. (1) Candidates for admission to the Course shall be in possession of one of the following qualifications: (a) the LL. D. degree or the Diploma of Notary Public; or (b) a Bachelor's degree with at least second class honours in Accountancy
or
(c) professional qualifications in Accountancy or Accountancy and Auditing
(d) equivalent qualifications in a related area from this University or another University recognised by the University of Malta for the purpose. (2) The admission of candidates may be made conditional on the results of an interview, and in the case of candidates who are not in possession of the LL.D. or the B.A. (Hons) in Accountancy or the B.A. (Hons) in Banking and Finance, the Board may impose additional requirements including the requirement to follow a preparatory programme of studies and to pass a qualifying examination prior to registration for the Course. Course Duration 6. The Course shall extend over one academic year of full-time study followed by a period of not more than six months during which candidates shall be required to complete a dissertation, provided that a candidate may choose, with the permission of the Board, to study for the degree on a part-time basis, in which case any period spent in part-time study shall be deemed to be equivalent to half the period required in full-time study. Course of Studies 7. (1) In order to complete the Course candidates must obtain not less than twelve credits. At least eight credits must be in "core" subjects, three credits must be chosen from a list of elective study-units in the law area and one credit must be chosen from a list of elective study-units in the finance area. In addition, candidates must complete, and be approved in, a dissertation as prescribed in regulation 9. (2) A catalogue of study-units comprising the "core" subjects and electives,
with the credits assigned to each, shall be published before the start
of each academic year. A candidate may not register for more than fourteen
credits.
Assessment and Examinations 8. (1) Each study-unit shall be assessed through coursework and/or by assessment tests. (2) Comprehensive examinations consisting of four papers of three hours duration each shall be held at the end of the first year, or, in the case of part-time candidates, at the end of the second year. (3) Credits for the coursework assessment or test of each study-unit and the grade for the examination papers shall be assigned according to the grades A, B, C, D, or F, in descending order of merit, F indicating Fail. (4) A candidate who fails in the coursework assessment or test of one or more study-units together totalling not more than four credits shall be allowed to resubmit the coursework or re-sit the assessment test for the study-unit/s failed once only, normally within three months from the publication of the result of the coursework assessment or test. In such cases the maximum grade that can be awarded is Grade D. A student who fails to obtain a minimum of eight credits at the first sitting shall be considered to have definitively failed but may be allowed to recommence the Course once only. (5) A candidate who fails in not more than two of the four examination papers referred to in paragraph (2) of this regulation shall be allowed to re-sit the paper/s failed once only. In such case, the maximum grade that can be awarded shall be D. A candidate who fails in more than two examination papers at the first sitting or any paper in the resit shall be considered to have definitively failed but may be allowed to recommence the Course once only. Dissertation 9. (1) The dissertation shall be a compulsory element in the Course. (2) The dissertation 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 contribution to the subject. (3) The candidate must present a written proposal for a dissertation topic not later than six months from the beginning of the Course. Part-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 dissertation proposal the candidate shall be assigned a supervisor who shall be appointed by the Board. (5) The dissertation must be submitted not later than six months after the taking of the Final Examinations referred to in regulation 8 above. Part-time candidates shall submit their dissertation not later than twelve months after the Final Examinations in the second year of their Course. (6) The Board may in its discretion grant a candidate an extension of the submission date referred to in the preceding paragraph of this regulation up to a maximum of six months. (7) The dissertation shall be examined by a Board of Examiners appointed by the Board. (8) Each candidate shall submit 8 copies of the dissertation and declare in writing that the dissertation is his own work and conforms to the requirements stated in paragraph (2) of this regulation. (9) The Board of Examiners shall be convened by its Chairman to discuss the Dissertation. A candidate may also be required to take a viva voce examination in defence of his dissertation. (10) The Board of Examiners may approve the dissertation. It may require the candidate to make corrections or to completely re-write the dissertation within a stated time limit. It may reject the dissertation altogether. (11) A candidate whose dissertation is rejected or whose corrections or re-writing are considered inadequate or have not been submitted within the stipulated time limit shall not be awarded the Degree. Classification and Award of the Degree 10. (1) 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 performance of the candidate in the credits shall account for 20% of the final weighting. The performance of the candidate in the examinations shall account for 50% of the final weighting, while the performance of the candidate in the dissertation shall account for the remaining 30%. (2) The names of the successful candidates shall be published
on the notice board of the University, in alphabetical order, as well as
in the order of classification obtained.
University of Malta Fees Payable by Maltese Students for Courses held Outside Regular
Commencing in February 2002 The following fees must be paid at the commencement of each academic
Course Fee per Academic Year 1. Courses leading to a Diploma / Certificate with the exception of courses leading to the Diploma / Certificate in Information Technology. Lm 100 2. Courses leading to the Diploma / Certificate in Information Technology and Information Technology in Education. Lm 500 3. Courses leading to a first degree. Lm 100 4. Arts-based taught courses leading to a Master’s Degree, with
the exception of Master’s by research only and the Master in Business Administration
5. Courses leading to the Executive Master in Business Administration (M.B.A.). Lm 800 6. Science-based taught Courses leading to a Master’s Degree. Lm 600 7. Master’s Degree by research only, (including part-time Master
of Arts) other than Master of Philosophy and the courses listed in 4 to
6 above. Lm 75
Examination Fees: Maltese students registered for courses leading to a Master’s or Doctorate Degree with the exception of the degrees of Doctor of Medicine and Surgery, Doctor of Laws and the Master in Business Administration, shall pay the examination fee indicated hereunder on submission of their thesis or dissertation: 1. Master’s Degree by research (except Master of Philosophy) Lm 100 2. Master of Philosophy Lm 150 3. Doctor of Philosophy Lm 250 4. Doctor of Sacred Theology Lm 250
January, 2002
|
|
| E-mail us at laws@um.edu.mt | http://home.um.edu.mt/laws | |
Website Layout & maintenance by Stefano Filletti
Your comments and suggestions are welcome.