Postgraduate coursework

LAWS6164 - Law of Derivatives Markets

Objectives

Studies the development and the current state of regulation of derivatives products and markets in Australia.
Examines both exchange-traded markets and products and 'over the counter' (OTC) markets and products.
Looks at the way in which the Australian markets have developed and how they are currently regulated and to place Australian developments in regulation within a regional and international context.
Description of the markets and a discussion of the history and themes of regulatory policy in this area
Detailed treatment of the regulation of futures contracts, OTC products and market delineation.
Examine the Australian exchange-market regulation together with the regulation of OTC markets in Australia and the course of reform of regulation in this area,
Studies the reforms introduced through the Financial Services Reform (FSR) legislation, which now comprises Chapter 7 of the Corporations Act.
Examine the current regulation of the markets and participants under the FSR regime
An understanding of the development, nature and current regulation of derivatives, how the Australian markets operate, their relationship tor regional and global markets and the likely direction of regulatory reform.

Content

Developing areas of regulation, including: changes to the legal concept of a 'market'; the way in which intermediaries, including brokers, advisers and market-makers, are regulated; intermediaries' duties; international and comparative law issues arising from the development of a global market and electronic trading; regulation of derivatives products and markets in Australia; exchange-traded markets; 'over the counter' (OTC) markets and products

Session

Semester 2 2010
Wednesday evenings, 6-8pm

This unit replaced LAWS6164 Regulation of Derivatives Products and Markets

The timetable is subject to frequent changes. Please refer to the latest version of the Postgraduate Timetable.

Assessment

Class Participation (30%)
1 x 7,000 Word Research Essay (70%)

Courses this unit is available in

Sydney Law School