LAWS 2005 Financial Services Law
Credit Points 10
Legacy Code 200271
Coordinator William Higgs Opens in new window
Description Financial services is one of the fastest growing sectors of the Australian economy. This is an essential unit 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.
Student Contribution Band HECS Band 4 10cp
Check your HECS Band contribution amount via the Fees page.
Level Undergraduate Level 2 subject
- Communicate effectively, persuasively and appropriately in legal context.
- Demonstrate an understanding of the basic principles of financial services law.
- Apply the student's understanding of financial services law concepts to analysing and solving practical problems.
- Appraise some of the criticisms of current financial services law in the different contexts.
Financial services regulatory history
Instruments and agencies
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
Regulation of derivatives
ASIC's powers and remedies: criminal, civil penalties and enforceable undertakings
The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.
|Case Study||10% Oral Component, 10% written component||20||N||Individual|
|Take-home Examination (release on vUWS; submit Turnitin)||2 hours||60||N||Individual|
|In-Class Quizzes||15 minutes per quiz; 4 quizzes in total; the best 3 of 4 quizzes will form the final mark.||10||N||Individual|
|Class Participation: on Zoom||Ongoing||10||N||Individual|
- Robert Baxt, Ashley Black and Pamela Hanrahan, Securities and Financial Services Law (Lexis Nexis, 9th ed, 2017).
2022 Semester 1
Parramatta City - Macquarie St
Subject Contact William Higgs Opens in new window
Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.