As securities markets become increasingly sophisticated, understanding the manner in which they are regulated is essential. This unit examines the regulation of securities markets and the legal and industry controls governing their operation. Detailed consideration is given to the Australian Securities and Investments Commission's powers and responsibilities, including the areas of: financial service providers, short selling, insider trading and other market misconduct, market integrity, corporate governance, disclosure and proposals to reform the regulatory environment. The roles of other institutions such as the Australian Securities Exchange and the status and enforcement of its listing rules are explored. Current issues in the international regulation of securities markets are also addressed.
Three hours of classes per week, which may include one or more of the following: lectures; seminars; tutorials or workshops
class participation (10%), presentation (5%), group paper (10%), research paper (35%), mid-semester exam (20%), final exam (20%)
CLAW2201 or CLAW1003 or CLAW2214Prohibitions