Course curriculum

  • 1. Fundamentals of Securities Regulations

    • 1.1 In Existence Since the Ancient Rome

    • 1.2 Various Influences

    • 1.3 The Dutch East India Company

    • 1.4 UK’s Joint Stock Corporation Act of 1844

    • 1.5 Technology and Regulations

  • 2. Singapore’s Market Abuse Regulatory Framework

    • 2.1 Local Regulatory Framework

    • 2.2 Contravening Notices and Guidelines

    • 2.3 The Securities and Futures Act

    • 2.4 Insider Trading

    • 2.5 Dealing and Communication Offences

    • 2.6 Wider Defences and Exceptions

    • 2.7 Penalties for Insider Trading

    • 2.8 Various Breaches

  • 3. Types of Market Abuse

    • 3.1 What is Market Abuse?

    • 3.2 Conventional and Non-Conventional Insider Trading

    • 3.3 Section 218

    • 3.4 Section 219

    • 3.5 Non-Public Information

    • 3.6 Case Study: Kevin Lew Chee Fai v Monetary Authority of Singapore [2012] SGCA 12

    • 3.7 Background to the Case

    • 3.8 Decisions by the Court of Appeal

    • 3.9 When is Information “Generally Available”?

    • 3.10 Access to Non-Public Information

    • 3.11 What Can We Learn from This Case?

    • 3.12 Front Running

    • 3.13 Case Study: “MAS Prosecutes its First ‘Front-running’ Case for Alleged Insider Trading (Amended)”

    • 3.14 What Can We Learn from This Case?

  • 4. Effective Management of Market Abuse

    • 4.1 Managing the Risk of Insider Information Received but Not Identified

    • 4.2 Controlling Access to Insider Information and Managing the Risk of Improper Disclosure

    • 4.3 Preventing Market Manipulation and Insider Dealing with Pre-Trade Controls

    • 4.4 Post-Trade Surveillance

    • 4.5 Personal Account Dealing Policies

    • 4.6 Up-to-Date Training to Prevent Market Abuse

  • 5. Assessment

    • Instructions

    • Questions