Part 2. Fact Finding of Australian financial market regulation

2.1 Fact finding of the listing on ASX

Assuming your group is working for a company that is considering to be listed on ASX in the near future. Go to the website of Australian Stock Exchange (ASX), do a fact finding and present an analysis of Australian Stock Exchange Listing Requirements and process. The following questions should be addressed:

(1) What are the advantages of being a listed company on ASX?

(2) What are the problems that need to be taken in consideration for being listed company on ASX?

(3) What are the requirements for listing on ASX?

(4) What are the steps of listing procedures on ASX?

(5) How listing fee is applied. Using ASX listing fee calculator to identify your selected company listing fee, choosing any random number for the ranges of market cap: 10 million -50 million; 50 million-100 million; 100 million-500 million.

2.2 Fact Finding of requirements on Financial advisory service registration in Australia

Assuming after graduation you would like to work as a financial adviser. Go to the website of Australian Securities and Investment Commission, do a fact finding and present an analysis of financial advisor registration to identify whether you are qualified and what steps should be taken to be a financial adviser in Australia. The following questions should be addressed:

(1) What is the ASIC’s Financial advisers register?

(2) Who should be on the Register, who are not on the Register and who updates the register?

(3) What information should be on the Register?

(4) What are the relevant financial products for a financial advisor?

(5) What are the professional standards applied for a financial advisor.