LAWS5541 Equity Capital Markets & Securities Regulation

6 points
Not available in 2019UWA (Perth)Face to face
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) demonstrate an understanding of:
i. the legal and regulatory framework relevant to the regulation of equity capital markets;
ii. the arrangements that exist to balance the interests of stakeholders; and
iii. the investigation and enforcement powers and processes of ASX and ASIC in relation to potential breaches of ASX Listing Rules and the Corporations Act;
; (2) demonstrate and develop practical skills relating to:
i. the process for admission to the Australian Securities Exchange, the continuous disclosure regime and fundraising; and
ii. the identification and navigation of common issues facing listed entities;
; (3) demonstrate an understanding of the professional and ethical responsibilities regarding the regulation of equity capital markets; (4) communicate professionally and effectively in small groups; and (5) identify and analyse legal issues arising in relation to the regulation of equity capital markets and write clear and concise responses in written assessments.
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
Contact hours
Students must attend every day of the intensive period Saturday 30 June, Monday 1 to Tuesday 2 July, Thursday 4 and Friday 5 July. Refer to the timetable website for further information.
Unit Outline
Non-standard teaching period [TS-H-2D_2019]
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.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.