This course focuses on conduct of business rules and some legal issues related to broadly-defined financial advisory services. The course will first offer a bird-eye view of the financial market as well as laws governing the provision of financial services, including regulations and private laws. The course then introduces various legal or regulatory rules governing financial advisory services, such as licensing, conduct of business, risk management, and liability rules. Topics for conduct of business rules will include product due diligence and new product, product disclosure, suitability assessment and know-your-customer, audit and remuneration, and post-sale advice, etc. This course will consider not only capital market regulations but also banking and insurance regulations in addition to contractual arrangements made by financial advisers, covering a variety of financial instruments (e.g. securities, insurance or structured products, etc.). The course will approach from a comparative perspective to help students to understand the costs, benefits and different designs of legal regimes. The course will also consider some judicial decisions from Taiwan or foreign markets and the role of courts in shaping the conduct standards of financial firms. In addition, the course will also examine legal issues regarding application of technology tool in the provision of financial advisory services (e.g. artificial intelligence or robot adviser) where appropriate.

This course will be taught entirely in English.