LAWS6264 - Compliance: Theory & Practice in the Financial Services Industry

Objectives

• Examine the legal and regulatory requirements relevant to the financial services industry, and how the risk of breaching those requirements can be managed via compliance systems.
• Focus on legal theory and the practical day to day business issues connected with compliance.

Content

Core compliance issues: including licensing of financial service providers; compliance systems; insider trading and Chinese walls; market conduct rules; shareholding restrictions; trade practices; money laundering, bribery and corruption; retail customer obligations; marketing financial products; privacy; miscellaneous compliance issues (trust account rules, fiduciary duties, conflicts of interest, confidentiality and phone taping) and investigating compliance breaches (including reporting obligations and HR issues); specialist compliance issues relevant to: managed investments; deposit products and non cash payment facilities; stockbroking; derivatives and warrants; foreign exchange; futures broking; financial planning; Insurance and insurance broking; superannuation and retirement savings accounts.

Session

Semester 2 2009
Monday Evenings, 6-8pm

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

Assessment

• 1 x Assignment (40%)
• 1 x Exam (60%)

Courses this unit is available in

Master of Laws | Graduate Diploma in Law | Master of Business Law | Graduate Diploma in Commercial Law | Graduate Diploma in Corporate, Securities and Finance Law