I have attached the questions please.

can you help me answer those questions

Topic Guidance Note 1. Learning Outcomes for Topic 5 After completing Topic 5, you should understand and be able to discuss: How ASX Ltd and ASIC regulate the exchange What type of market misconduct is prohibited The scope and application of the ASX Listing & Operating Rules The scope of the prohibition on acquisitions of shares under CA s606 The different types of takeover bids and the rules applying to those bids 2. Readings for Topic Mandatory Readings/Resources: Chapter 5 of Finance Law Reader Lipton, Herzberg & Welsh Understanding Company Law 17th Edn Paragraphs [19.35-19.65] and [19.120-19.355] Corporations Act 2001 (Cth) (referenced sections) ASX Listing Rules Chapters: Introduction, Admission, Quotation, Continuous Disclosure & Periodic Disclosure King & Wood Mallesons: Guide to Takeovers in Australia Review the Takeovers Panel website, in particular the About and Summary of Takeover Provisions in Australia pages 3. Key Terms After completing Topic 5, you should be able to explain the following terms and concepts: ASX Operating rules Insider trading Market misconduct Listing rules Control Takeover Takeover Panel On-market Off-market Bid Expert report Bidder Statement Target Statement Page 1 of 8 Topic Guidance Note 4. Overview This topic introduces the day to day regulation of the financial markets in relation to securities and the function of the ASX. It is recommended that you read the text book initially and note the specific sections of the Corporations Act referred to and access and review these. Then read the noted ASX Listing Rules. It is important that you develop an understanding of the relationship and responsibilities that ASIC and the ASX have in relation to the markets. Ensure you do a detailed read of the ASX Listing Rules and note how these and the Operating Rules are used to facilitate market transactions and ongoing dissemination of information to consumers. When reading through the market misconduct section, note what the triggers are and the relevant penalties for each type of misconduct. In relation to insider trading, note what it is, why it is prohibited, penalties and defences. This topic introduces the legislative arrangements in relation to takeovers, by initially defining what a takeover is and how a takeover can be undertaken whether in relation to an on or off-market security. 5. Learning/Tutorial Activities The following activities must be attempted prior to the tutorial. 1. What is meant by a company listing on the Australian Stock Exchange? Research question: What advantages might listing offer a company? Are there any disadvantages? Page 2 of 8 Topic Guidance Note 2. Ozbank, a listed Australian company and one of Australia's leading banks has just entered into an agreement to acquire a Chilean Bank on very favourable terms. Must Ozbank disclose the existence of this agreement to anybody? Why or why not? (You should assume that Chapter 6 of the Corporations Act, \"Takeovers\" is not relevant). 3. Would your answer be different (giving reasons why or why not?) if: It was a term of the agreement that its existence should be kept confidential for the time being. Ozbank is in negotiations with the Chilean Bank but has not made any firm decision to proceed with the acquisition Ozbank is in negotiations with the Chilean Bank but has not made any firm decision to proceed with the acquisition. At the same time the financial media is full of speculation that Ozbank may be about to acquire the Chilean bank. Negotiations have broken down and the acquisition will not proceed. At the same time, the financial media is full of speculation that Ozbank is about to acquire an Argentinian bank, which has caused a spike in Ozbank's share price. Page 3 of 8 Topic Guidance Note 4. What is insider trading? Why is it prohibited? Outline what inside information is. Page 4 of 8 Topic Guidance Note 5.What is the purpose of continuous disclosure? What entities are bound to provide continuous disclosure? Outline the reporting timeframes in relation to continuous disclosure. 6. Explain the key differences between off-market and market bids (You can ignore any purely procedural differences). Which type of bid do you think is likely to prove more popular with potential bidders? Why? Do you think this type of bid is likely to be as popular with shareholders in Target companies? Why or why not? Page 5 of 8 Topic Guidance Note 7. Compare and contrast the compulsory acquisition and compulsory buy-out provisions of the Takeovers Code. 8. It is sometimes said that the compulsory acquisition provisions in the Takeovers Code are designed to inhibit 'greenmail'. What do you think might be meant by greenmail in this context and how might the compulsory acquisition provisions be thought to inhibit its occurrence? Page 6 of 8 Topic Guidance Note 6. My Notes Page 7 of 8 Topic Guidance Note 7. Tutorial - Self Assessment Complete the details in full: Name Topic 5 - Regulation of Financial Markets Have you completed the prescribed reading for Topic? Did you attempt all tutorial exercises before the seminar? Have you undertaken the Topic Quiz? How would you rate your level of preparation for this tutorial session? Yes/No Yes/No Yes/No Level 1 = Poor Level 3 = Sound Level 5 = Commendable Summarise what you have learnt from this Topic. Note areas that you need to focus on in order to improve your understanding and achieve the learning outcomes. Page 8 of 8