Leader: Associate Professor Paul Latimer

Offered

Caulfield First semester 2008 (Evening)

Synopsis

This unit involves a study of the legal framework regulating the securities and futures industries which derives from the interaction of statute law, case law, ASIC releases, ASX and SFE rules. It focuses on the regulation of financial services, intermediaries by statute, case law and administration by ASIC, ASX and SFE. Topics include market regulation by ASIC, the ASX and the SFE, liability for misstatements and non-disclosure about financial products, licensing of dealers and investment advisers, the relationship of broker and client, conduct of securities and futures business.

Objectives

The learning objectives of this unit are to:

• Define the purposes and scope of the regulation of financial markets;
• Analyse the co-regulatory roles of ASIC and ASX;
• Describe the effect of misleading or deceptive conduct in financial market;
• Evaluate the impact of co-regulation on the financial services industry;
• Critically analyse the regulation of market manipulation and insider trading.

Assessment

Within semester assessment: 30%
Examination (open book, 3 hours): 70%

Contact hours

3 hours per week

Prerequisites

completion of any four second-year units