Law on investment entities

LWM77

This course is about the law on investment: substantive laws relating to investment and the regulation of investment and how we protect consumers. However this course is not just a straightforward analysis of financial conduct authority regulation and how we’ve derived those rules in the EU although the course does go through all of the regulatory detail. The course also looks at investment through the entities through which we invest, covering a lot of the history of where these entities have come from. This focuses a lot on English law and on UK legal concepts as a result and the course examines why it is important to be aware of where a law comes from. This course is all about taking concepts that we know about as lawyers: trusts, companies, the rights of investors, the obligations of scheme managers and using them as a way of understanding the way in which we conduct investment and treat investment in the modern world.

Module A: The legal nature of investment entities

LWM77A

  • The meaning of "investment" and related concepts
  • Trusts as investment entities
  • Companies as investment entities
  • Duties of company directors.

Module B: Collective investment schemes

LWM77B

  • The fundamentals of collective investment schemes
  • Unit trusts
  • Open-ended investment companies
  • Pension funds and investment trust companies.

Module C: Communal investment schemes

LWM77C

  • The history of communal investment models
  • Friendly societies
  • Cooperatives
  • Public sector investment models.

Module D: Investor protection

LWM77D

  • The fundamentals of financial regulation in the UK
  • The conduct of business and investor protection
  • Financial promotion
  • Themes in the law on investment protection.

Assessment

Each module will be assessed by a 45-minute unseen written examination.

Sequence

It is strongly recommended you attempt the modules in order. 

How to apply

You can apply to study a module individually as a standalone unit or as part of a Postgraduate Certificate, Postgraduate Diploma or Master of Laws qualification. (In either scenario, they must be studied in order.)

These modules also contribute towards the following specialist pathways for Laws:

  • Banking and Finance
  • Commercial and Corporate Law
  • Common Law
  • Corporate and Securities Law
  • Equity and Trusts
  • Financial Services Law
  • International Business Law

Apply via Postgraduate Laws

Academic Co-ordinator

Professor Alastair Hudson

Professor Alastair Hudson

Professor Alastair Hudson FHEA, FRSA, is the Course Convenor for: Commercial Trusts Law, Securities Law, Equity and Trust in Context, International and Comparative Trusts Law, Law on Investment Entities, Private Aspects of the Law and Finance and Law of Financial Crime.

Alastair is an English barrister and academic. He was Professor of Equity & Law at Queen Mary University of London for fourteen years. Between 2012 and 2014, he was Professor of Equity and Finance Law at The University of Southampton. He is a National Teaching Fellow, a Fellow of the Higher Education Academy, and a Fellow of the Royal Society of Arts. He was voted UK Law Teacher of the Year in 2008 and was awarded the Excellence in Teaching Award 2014 by the University of Southampton for "Overall Outstanding Lecturer."