Securities & Financial Markets Regulation - JURD7992

Description

Recommended Prior Knowledge

Course Objectives

• To develop an understanding of doctrine and theory concerning new issue and secondary markets for financial products
• To reinforce techniques of legal research and legal writing

Main Topics

• Structures, institutions and actors in Australian securities markets; current influences towards the globalisation of financial markets; the development and philosophy of Australian financial services law
• The efficient market hypothesis; the mandatory disclosure regime; prospectus regulation
• Prospectus liability and civil liability
• Regulation of market licensees under the Corporations Act, as amended by the Financial Services Reform Act; the structure of co-regulation of securities markets; the structure, powers and authority of the Australian Stock Exchange in the regulation of securities markets; the status and general concerns of stock exchange listing and business rules; the role of the ASX in the maintenance of an informed market
• The role and powers of the Australian Securities & Investments Commission in the regulation of financial markets; investigation and examination powers with respect to breaches of the Corporations Act
• The licensing of financial services providers
• The conduct of financial services providers including an examination of the legal structure of stock exchange transactions and the consequent obligations of brokers and clients; the incidents of the broker-client relationship
• The regulation of insider trading
• Abusive trading on secondary markets, including the elements of market manipulation offences

Assessment

Research essay

5,000 - 7,000 words

100%

Course Texts

• R Baxt, AJ Black and P Hanrahan, Securities and Financial Services Law (Butterworths, 8th ed, 2012)

Resources