Course Listing

Law and Practice of Investment Management
Last Updated Date:   4 July 2025


5 Units,  Semester 1

Course Description:
This course focuses on the law, directives and guidelines pertaining to the conduct of investment management activity in Singapore across a range of investment asset classes. The primary focus is on the regulatory regime in Singapore but significant elements of selected foreign regulatory regimes affecting investment managers in Singapore will also be highlighted. Various practices and procedures commonly adopted within the industry to comply with the requlatory requirements and the challenges in their implementation will be examined. Besides the regulatory framework, the course will introduce foundational investment concepts and strategies to set the environment within which the regulatory regime operates. Some of the recent industry trends, both from the regulatory as well as investment perspectives, will be examined. This includes selected proposed legal reforms still under public consultation. The course is tailored to lay a foundation for those considering a career in the investment management industry, either as a legal practitioner in a law firm or as an in-house legal counsel or compliance officer within an investment management company. As the course content contains substantial technical industry jargon and will require the analysis of detailed factual scenarios to identify, assess and address the legal issues that they present, participants in this course are required to have a high level of English proficiency and analytical skills. Participants should therefore not expect to be given access to any English translation tools, language aid-related applications or internet-based resources during the course assessments.

Course Convenor: Adjunct Prof Benatt Lee Beng Tat

Co-teacher(s): NA

Course Codes: LL4475V / LL5475V / LL6475V / LLJ5475V

Contact Hours: 3-hr weekly seminar

Workload: 3 hours

Mode of Assessment: Class Participation - 15%; Mid-term test - 20% & Final Exam - 65%

Preclusions: There is minimal overlap with the other courses. The main takeaway is that this course is very much focused on the regulatory issues that arise in the day-to-day activity of investment management and the mechanics of investment management from an understanding of basic investment concepts. It is structured from the perspective of someone engaged in advising on regulatory compliance issues faced by an investment manager. As such, the coverage is quite wide, but it will not go into the same depth on some of the topics covered by the other more narrowly focused electives. It is meant to lay a good groundwork for those seeking to pursue a career in this field, with a focus not only on the law but also the practice of investment management in navigating the regulatory environment. The course also covers many topics not covered by other courses.

Prerequisites: NUS Compulsory Core Law Curriculum or common law equivalent.

Examination Date: Thursday, 27 November 2025 (PM)

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