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Regulation, Compliance and Risk Control

Module description

This module is intended for Financial Services Professional Degree Apprenticeship students who want to concentrate on the management aspects of operations from the practical perspective of an investment operation manager. This module has a particular focus on operational impact of UK regulation including, but is not limited to: oversight; control of outsourcers’ reconciliations; and clearing and settlement. Students will develop an understanding of global regulatory trends, initiatives and their impact.

Full module specification

Module title:Regulation, Compliance and Risk Control
Module code:BEF3004DA
Module level:3
Academic year:2019/0
Module lecturers:
Module credit:15
ECTS value:






Duration of module: Duration (weeks) - term 3:


Module aims

This module aims to provide students with a detailed working knowledge of the UK regulatory environment and a general understanding of regulation in the EU and other international aspects. Students should be able to demonstrate detailed knowledge of operational risk and a general knowledge of other types of risk within an organisation. 

The module also provides students with a detailed knowledge of income collection, custody and corporation actions and a general knowledge of corporate governance, proxy voting and withholding tax plus fund administration. The overall aim is to equip the students with a through awareness of the latest regulatory developments in both domestic and international markets. Students should be able to comment on current or future developments, such as the impact of new regulations on operational issues, or on industry issues such as operational risk, exchange consolidation, the introduction of CCPs, outsourcing or any other subject concerning developing industry practice.

ILO: Module-specific skills

  • 1. Address key industry developments and corporate governance
  • 2. Distinguish between operational risk, systemic risk issues, reputational risk and regulatory risk matters
  • 3. Identify where the control function is and how breach of the control is dealt with
  • 4. Explain market conduct and insider trading
  • 5. Address business continuity or contingency planning
  • 6. Recognise oversight and governance in the front office
  • 7. Understand examples of corporate actions, withholding tax basics and entitlement calculations with rights issues
  • 8. Explain in depth about initial custodian appointments, transitions, stock lending, risks in custody, collateral management and reconciliation

ILO: Discipline-specific skills

  • 9. Demonstrate a detailed knowledge of the UK regulatory environment and a general understanding of regulation in the EU and other international aspects
  • 10. Keep up-to-date with current developments and sector relevant legal/regulatory changes

ILO: Personal and key skills

  • 11. Demonstrate the ability to recommend and implement practical solutions to a range of risks and issues
  • 12. Demonstrate a high-level overview of the role and responsibilities within the institution
  • 13. Develop the ability to adapt their approach positively to manage priorities as circumstances change, new tasks need to be done or when business requirements change

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning & Teaching Activities22 hours (3 days)Masterclass/workshops
Scheduled Learning & Teaching activities16 hoursOnline lectures and webinars
Scheduled Learning & Teaching activities6 hoursRevision
Guided independent study106 hoursReading and research, web-based activities

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Mock Exam2-hour exam1-11Marks and feedback
Online DiscussionOnline discussion contributions1-14Online discussion feedback from peers and lecturer
Weekly online quizzesFive quizzes, each taking about 20 minutes1-14Correct answers on ELE

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Exam502-hour written exam1-11
Applied Exercise/Case Study502,000 words1-14

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Exam50% 2-hour written exam1-11Next available opportunity
Applied Exercise/Case Study50% 2,000 words1-14

Re-assessment notes

Defer – as first time

Refer – capped at 40%

Syllabus plan

  • Current Industry Regulatory Environment
  • Operational impact of UK regulatory framework
  • Global regulatory trends, initiative and their impact
  • Other major regulatory bodies
  • Risks and Controls
  • Business Continuity or Contingency Planning
  • Asset Servicing and custody

Indicative learning resources - Basic reading

Basic reading:

  • Global Operations Management (CISI Diploma), Edition 5, Chartered Institute for Securities and Investment.

Module has an active ELE page?


Origin date


Last revision date