PPPAFI Law and Finance

Faculty of Economics and Administration
Autumn 2007
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
JUDr. Jindřiška Šedová, CSc. (lecturer)
Ing. Miroslav Červenka (lecturer)
JUDr. Dana Šramková, Ph.D., MBA (seminar tutor)
Ing. Miroslav Červenka (seminar tutor)
JUDr. Jindřiška Šedová, CSc. (seminar tutor)
Guaranteed by
prof. Ing. Viktória Čejková, Ph.D.
Department of Law – Faculty of Economics and Administration
Contact Person: JUDr. Jindřiška Šedová, CSc.
Timetable
Wed 7:40–9:15 P102
  • Timetable of Seminar Groups:
PPPAFI/1: Wed 11:05–12:45 VT203, M. Červenka, J. Šedová, D. Šramková
PPPAFI/2: Wed 12:50–14:30 VT203, M. Červenka, J. Šedová, D. Šramková
PPPAFI/3: Wed 9:20–11:00 VT203, M. Červenka, J. Šedová, D. Šramková
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 100 student(s).
Current registration and enrolment status: enrolled: 0/100, only registered: 0/100, only registered with preference (fields directly associated with the programme): 0/100
fields of study / plans the course is directly associated with
Course objectives
The subject introduces students to basic legal institutions of the financial market and it reveals the conception and principles of legal regulations of financial institutions and financial instruments in their economic and econimic-political context. The subject seeks to form students' legal conscience in the field of statutory financial-system regulation in the Czech Republic. Students will get an idea about the legal framework of banking and capital market in the Czech Republic. Furthermore, they will acquire information about basic limitations in these fields as well as consequences of breaking the appropriate legal norms. The objective of the subject is to explain the basic legal institutions and principles of the financial market legal regulation in the Czech Republic. It seeks to form students' legal proficiency which will enable them to orientate more easily in the common legal framework of the financial market, its systematisation and operation mechanisms. Seminars aim at students' work with basic legal documents in such a way that they should be able to apply them to concrete facts of the financial market entrepreneurial environment in the Czech Republic. It stimulates students to obtaining legally relevant facts in the legal informational system ASPI for solving practical tasks assigned in a seminar.
Syllabus
  • 1.Legal environment of the financial system in the Czech Republic. The importance of legal environment for the development of the financial system in the Czech Republic. Legal framework of financial institutions in the Czech Republic. Economic and legal definition of the concept of institution. Institutions' influence on the economic development. Legal environment of the Czech Republic after the admission to the EU. Capital market transparency from the perspective of investors' rights protection. Admonistration of trade companies and the exaction of administration and management standards. 2.Law and the banking sector. Legal regulation of the Czech National Bank status. CNB's measures. CNB's objectives. Price regulation tools. CNB's trades with banks. CNB's competences in currency economy. Bank supervision. 3.Legal framework of commercial banks' activities I. Banking licences. Organisation of a bank and its inner management and checkout system. Bank supervision. 4.Legal framework of commercial banks' activities II. Bank business secret. Bank's products. Sequestration, liquidation and bankruptcy. Bank secret and personal data protection. Secrecy. 5.Non-standard businesses in a bank sector. Signs of negative behaviour of bank's owners and management. Bank customers'criminal activity. Money laundering. 6.Legal regulation of mortgage banks. Definition of a mortgage debenture bond. Mortgage debenture bond coverage. Mortgage debenture bond issuing. Definition of a mortgage credit. Mortgage credit purpose. Mortgage credit funding. Mortgage bank. 7.Legal regulation of cooperative banks' activity. Definition of building savings. Cooperative bank (building savings provider. Allowed business activities of a cooperative bank). Building savings contract. Building savings participant. Housing needs. Allocating of a credit from building savings. Building savings repayment. State assistance. Interest-bearing of deposits. Function of state supervision over building savings. 8.Pension funds. Definition of superannuation scheme. Superannuation scheme function. Superannuation scheme principles. Superannuation scheme beginning and termination. Superannuation scheme participants' protection. Pension fund's characteristics. Pension fund's status. Pension plan. Types of pension plans. Pension funds' investment activities. Limitations at superannuation scheme transfer. Employer's involvement in superannuation scheme. 9.Capital Market Business Law. Characteristics of Capital Market Business Law. Subject, term definition. Legal regulation of securities records. System of settlement. Securities issuers' informational obligation. Securities public auction. Investment services. Investment tools market. 10.Securities trader. Definition of term securities trader. Licence for securities trader activity. Business conditions of a securities trader. Securities trader's rules of activity and management. 11.Stock exchange, RM-S. Stock exchange legal capacity. Legal capacity of 'over-the-counter' markets. Legal capacity of securities and their issue. Legal capacity of organised market trade – transparency, security. Resolution of disputes connected with public securities market trades. 12.Joint investments. Joint investment subjects. Investment companies. Investment funds. Opened shares funds. Closed shares funds. Standard funds, special funds. European passport for investment services providers. Protection of joint investment investors. 13.State supervision over the capital market. Purpose of capital market regulation. Tools of capital market regulation. Tools of capital market supervision. Institutional framework of regulation and supervision. Functions and objectives of a supervisory body, its organisational structure, scope and competences. Thematic schedule and content orientation of seminars (according to instruction weeks): 1.Introductory seminar. 2.EU's bank directives. 3.Banks in sequestration. Banks without a licence. 4.Banks in liquidation, banks in insolvency proceedings. 5.Non-standard banking trades. 6.Mortgage banks. Cooperative banks. Check test. 7.Financial institutions liability. 8.Cooperative banks. 9.Mortgage banks. 10.Investment instruments. Investment services. 11.Stock exchange, RMS. 12.Conditions for securities trader's business. 13.Spare/makeup check test. Spare project assignment.
Literature
  • 2. Šimáček, M. a kol.: Průvodce kapitálovým trhem. 1. vyd., Praha : Fortuna, 2004. ISBN 80-7168-883-5.
  • 4. Bakeš a kol.: Finanční právo (3. vydání), C.H.Beck Praha 2003
  • 3. Šedová, J. Studijní texty. Brno : ESF, 2005 (https://online.econ.muni.cz , CN_KPPAFI Právo a finance, Studijní texty),
  • 4. Večerková, A.-Faldyna, F.-Kobliha, I.-Pokorná, J.-Vítek, J.-Tomsa, M.-Rozehnalová, N.-Balabán, P.-Pohl, T. Obchodní právo. 1. vyd. Praha: Meritum 2005. ISBN 80-86395-90-1.
  • 5. Barák, J., Hartlová, V., Žlebková, M. Zákon o bankách, komentář a předpisy související. Praha : Linde, 2003. ISBN: 80-7201-418-8.
  • Povinná literatura: Rejnuš, O. Peněžní ekonomie-Finanční trhy. 3.přepracované a rozšířené vydání VUT Brno, ISBN: 978-80-214-3466-0
Assessment methods (in Czech)
Předmět je ukončen zkouškou. Zkouška je podmíněna splněním úkolů zadaných na seminářích a účastí na seminářích. Do celkového hodnocení předmětu se započítávají body ze 2 průběžných testů a body ze závěrečné zkoušky. Bližší informace naleznete ve Studijních materiálech předmětu/organizační pokyny.
Language of instruction
Czech
Follow-Up Courses
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
The course is taught annually.
Information on course enrolment limitations: max. 20 cizích studentů; cvičení pouze pro studenty ESF
The course is also listed under the following terms Autumn 2001, Autumn 2002, Autumn 2003, Autumn 2004, Autumn 2005, Autumn 2006, Autumn 2008.
  • Enrolment Statistics (Autumn 2007, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2007/PPPAFI