JURD7992 Securities and Financial Markets

Lecturer: Ashley Black

What is the course about?
The course is about the regulation of financial markets and their participants. The topics covered include recent developments in financial markets regulation, including issues arising from the global financial crisis; the way in which the issue of financial products are regulated; continuous disclosure requirements applying to listed companies; the enforcement powers of the Australian Securities and Investments Commission; the regulation of financial services providers; and insider trading and market manipulation.

Who teaches the course?
Most classes in the course are taught by Ashley Black, a Judge of the Supreme Court of New South Wales. Ashley was a partner of the firm of Mallesons Stephen Jaques, now King & Wood Mallesons, until his appointment to the Court in 2011 and now sits in the Court’s Corporations List.  He is the joint author of Austin & Black’s Annotations to the Corporations Act and several editions of Securities & Financial Markets Law. Ashley has had an interest in this area for many years, and represented several financial intermediaries, including in enforcement matters, while he practised with Mallesons. The classes dealing with the issue of financial products and continuous disclosure are taught by Ms Shannon Finch, a partner with King & Wood Mallesons, who has extensive practical experience in the area.

What do you need to know before taking the course?
Students taking this course should preferably have previously undertaken a Corporations law course. The course is challenging but will repay the work involved. Assessment is by a single research essay, on a topic of the student’s choice within the area of the course to allow students to develop their particular areas of interest.  

How will this course be relevant in the future?
The course reflects Ashley’s and Shannon’s practical experience and their real interest in this area. The course should be of benefit to students who are thinking of working in the financial services industry, practising in a law or accounting firm which provides services to financial market participants or who have an academic interest in the area.