Credit Points 10

Legacy Code 200271

Coordinator John Chellew Opens in new window

Description Financial services is one of the fastest growing sectors of the Australian economy. This is an essential subject to understand legal, compliance and regulatory issues relating to the financial services sector in Australia. Students will be introduced to the licensing requirements for entering the financial services sector and the obligations for marketing and offering financial products and financial services to retail and wholesale clients. Students are then introduced to the main techniques of financial services regulation: disclosure, licensing, prohibitions or insider trading and market manipulation, self-regulation and powers of investigation and enforcement.

School Law

Discipline Business and Commercial Law

Student Contribution Band HECS Band 4 10cp

Check your fees via the Fees page.

Level Undergraduate Level 2 subject

Pre-requisite(s) LAWS 3045 OR
LAWS 2010

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Communicate effectively, persuasively and appropriately in legal context.
2. Demonstrate an understanding of the basic principles of financial services law.
3. Apply the student's understanding of financial services law concepts to analysing and solving practical problems.
4. Appraise some of the criticisms of current financial services law in the different contexts.

Subject Content

Theories of regulation
Financial services regulatory history
Instruments and agencies
Financial Products
Fundraising
Managed Investment Schemes
Retail and wholesale clients
Australian Financial Services Licence
Financial Services Regulation
General conduct and obligations of financial services licensees and market licensees
Insider Trading
Market Manipulation
Continuous disclosure
Regulation of derivatives
Market Misconduct
ASIC's powers and remedies: criminal, civil penalties and enforceable undertakings
Compliance issues
Plaintiff's remedies