Subject Outline

To provide students with an understanding of the legal system in New Zealand as it relates to the market. The subject will also provide an overview of the functions of key regulatory bodies, including the New Zealand Exchange Limited (NZX). Students will gain an understanding of how companies raise capital and establish a business or run existing ones, and the protection available to investors.

2008 Availability
Trimester 1, 2 and 3

Study Modes
Distance education only

Assessment Method and Weighting

• Assignment - 40%
• Examination - 60%

Resources requirements

• Calculator
• Internet access

Nil

Learning outcomes

On successful completion of this subject you will be able to:

• explain the regulatory framework of the securities industry in New Zealand
• outline the requirements for Market Participants and NZX Advisors
• discuss the rights and obligations of the NZX Firm/client relationship
• describe the listing and quotation of issuer’s securities on the NZX
• outline the takeover provisions that apply to listed issuers
• discuss the regulation of trading conduct in regard to workplace activities and provisions designed to prevent market misconduct
• explain how companies differ from other business structures and identify the duties/rights of directors and shareholders.