LAWS5541 Equity Capital Markets & Securities Regulation

6 points
(see Timetable)

If this unit does not have an online alternative, then students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.

Non-standard teaching periodUWA (Perth)Face to face Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online.
The law of securities regulation pertains to the rules of the public marketplace in which these products can be sold. The private marketplace for such products is, to a larger degree, unregulated (or deregulated or re-regulated in some cases) and is better studied in the context of units covering the areas of banking, securities, commercial law and international finance. This unit examines the regulation of Australian equity capital markets, with a particular focus on the ASX. Topics such as the ASX admission process, continuous disclosure, fundraising (including both initial public offerings and secondary raisings), common transactional issues, and the investigation and enforcement powers and process of ASX and ASIC, will be covered. This unit provides a blend of theory and practical learning whereby student will gain a working knowledge of the of the relevant sections of the Corporations Act 2001 (Cth) (Corporations Act), ASX Listing Rules and Guidance Notes, and ASIC regulatory guidance which largely regulate Australia's equity capital markets.
Students are able to (1) describe the legal and regulatory framework relevant to the regulation of equity capital markets; (2) demonstrate practical skills relating to the process for admission to the Australian Securities Exchange
; (3) demonstrate the ability to navigate common issues facing listed entities like the continuous disclosure regime and fundraising ; (4) describe the professional and ethical responsibilities regarding the regulation of equity capital markets; and (5) analyse legal issues arising in relation to the regulation of equity capital markets.
Indicative assessments in this unit are as follows: (1) participation; (2) written report; and (3) assignment. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Scott Gibson
Unit rules
Juris Doctor (JD) students only: LAWS4101 Foundations of Law and Lawyering and 30 points from: LAWS4102 Criminal Law,
LAWS4103 Contract, LAWS4104 Property, LAWS4106 Torts, LAWS4107 Land Law, LAWS4108 Foundations of Public Law,
LAWS5106 Legal Theory and Ethics or LAWS4109 Legal Theory and Ethics)
This unit is only available to postgraduate law students and not to postgraduate business students who should take LAWS5508 Commercial and Company Law instead.
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit, one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus.