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Stock Markets and Derivatives Law
UoS Code CLAW2203
Credit points 6
Offered Semester 2
Prerequisites CLAW2201 or CLAW2001
Corequisites
Prohibitions CLAW2003
Assumed Knowledge
Additional Information
Lectures Three hours of classes per week which may include one or more of the following: lectures; seminars; tutorials or workshops
Assessment Assignment;Tutorial work and participation; Final examination
Description This unit begins with a study of the powers of the Australian Securities and Investment Commission with reference to recent ASIC investigations. The functions of the Australian Stock Exchange and those of securities dealers and investment advisers are examined as well as the relationship between broker and client. The market offences of market manipulation and insider trading are explored. Public funding of companies and prospectus provisions are studied along with the liability of officers and independent experts concerning the prospectus. The topic of mergers and acquisitions examines acquisitions, relevant interests, takeover schemes and announcements, and the liability of parties to a takeover. Derivatives will also be studied.