This unit provides a detailed study of the substantive provisions of securities regulation under the Corporations Act 2001 (Cth) and the Australian Securities and Investments Commission Act 2001 (Cth). The unit focuses on the regulation of dealings in securities and looks at how the key securities provisions interact under the broader regulatory system governing the financial products, financial services and financial markets. It will assess the role of the prospectus provisions and the investor protection mechanisms that relate to securities dealing. The topics to be examined include shares, debentures, interests in a managed investment scheme, derivatives, intermediaries, financial market and operating rules, the Australian Securities and Investments Commission (ASIC), liabilities and remedies, insider trading and takeovers.