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a. The aim of stock market regulation is to ensure market participants have confidence in the integrity of market operations. Outline the duties of the

a. The aim of stock market regulation is to ensure market participants have confidence in the integrity of market operations. Outline the duties of the two main supervisors in Australia: Australian Securities Exchange (ASX) and Australian Securities and Investments Commission (ASIC).
b. Financial institutions incorporate loan covenants into loan contracts. How does positive covenant differ from a negative loan covenant? Explain your answer.

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