Securities & Financial Markets Regulation - JURD7992
Faculty: Faculty of Law
School: Faculty of Law
Course Outline: See below
Campus: Sydney
Career: Postgraduate
Units of Credit: 6
EFTSL: 0.12500 (more info)
Indicative Contact Hours per Week: 2
Enrolment Requirements:
Pre-requisite: 36 UOC of JURD courses for students enrolled prior to 2013. For students enrolled after 2013, pre-requisite: 72 UOC of JURD courses.
Excluded: LAWS8092
CSS Contribution Charge: 3 (more info)
Tuition Fee: See Tuition Fee Schedule
Further Information: See Class Timetable
View course information for previous years.
Description
The broad aim of this course is to examine the structure and regulation of markets for corporate securities.The study is primarily a legal analysis although it considers some financial theory relevant to legal responsesto market operations. Topics include: the legal structure of co-regulation of securities markets including the role and powers of Australian Securities & Investments Commission (“ASIC”) and the Australian Securities Exchange (“ASX”); the efficient market hypothesis and its implications for mandatory corporate disclosure and prospectus regulation; prospectus disclosure and liability; the licensing of securities dealers and investment professionals; the conduct of securities business; abusive trading on secondary markets,including stock market manipulation and insider trading.
Main Topics
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
More information can be found on the Course Outline Website.
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