QFA REGS EXAM BANK SAMPLE PAPER 1,
2, 3 AND 4 2026 COMPLETE ACTUAL EXAM
|EACH PAPER HAS 100 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT) / BRAND NEW!! // ALREADY
GRADED A+
The Central Bank's Consumer Protection Code does NOT apply to:
A insurance intermediaries.
B banks.
C MiFID investment firms, when providing MiFID services.
D general insurance companies. - CORRECT ANSWER ✔✔- C
3
The Central Bank's Consumer Protection Code advertising requirements apply to:
(i) flyers.
(ii) product brochures.
(iii) a firm's website.
A (i) only.
B (ii) only.
Pg. 1
,C (ii) and (iii) only.
D (i), (ii) and (iii). - CORRECT ANSWER ✔✔- D
3.1.1
A financial services provider is advertising an investment product which can
fluctuate in value and does not guarantee a return of capital.
Under the Consumer Protection Code which one of these warning statements
must be included in the advertisement?
A If you invest in this product, you may lose some of the money you invest.
B The value of your investment will fluctuate.
C The value of your investment may go down
as well as up.
D The value of your investment may go up as well as down. - CORRECT ANSWER
✔✔- C
3.1.4
DEF Life Ltd, an authorised insurance intermediary, cannot use the term
'insurance broker' unless it:
(i) provides at least 75% of its regulated annual turnover on a fair analysis basis.
(ii) has at least 20 agency appointments with different product producers.
(iii) offers the client an option to pay for its services by means of a fee.
Pg. 2
,A (i) only.
B (i) and (ii) only.
C (ii) and (iii) only.
D (i), (ii) and (iii). - CORRECT ANSWER ✔✔- A
3.2
Personal data for the purposes of Data Protection legislation includes personal
data held:
(i) on computers.
(ii) in manual paper files.
(iii) on USB sticks.
A (i) only.
B (ii) only.
C (i) and (iii) only.
D (i), (ii) and (iii). - CORRECT ANSWER ✔✔- D
3.3.1
John filled out a loan application to ABC Bank plc. He filled in his email address on
the form and opted in to the use of this information by ABC for future marketing
purposes.
ABC can now send John an unsolicited marketing email about other products and
services the bank offers, if the bank:
Pg. 3
, A sends him the email within 12 months of him opting in to receive such
information.
B first reconfirms in writing with him that he is happy to continue receiving
marketing emails at this address. C did not send him a previous marketing email
to this address within the last 12 months.
D has verified that the email is directly relevant to his current financial
circumstances. - CORRECT ANSWER ✔✔- A
3.4.1
FIT Ltd, an insurance intermediary, can make an unsolicited telephone call to
Alison, who is NOT an existing client of the firm, if:
(i) Alison has been referred to the firm by a solicitor.
(ii) Alison has expressly consented to the solicitor passing on her details to FIT.
(iii) her telephone number is on the National Data Base Opt Out Register.
A (i) only.
B (i) and (ii) only.
C (i) and (iii) only.
D (ii) and (iii) only. - CORRECT ANSWER ✔✔- B
3.5.2
HWJ Ltd, an insurance intermediary, can make an unsolicited telephone call to the
personal phone belonging to Aoife who is NOT an existing client of the firm, if:
A the purpose of the call is limited to offering Aoife a term assurance policy.
Pg. 4
2, 3 AND 4 2026 COMPLETE ACTUAL EXAM
|EACH PAPER HAS 100 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT) / BRAND NEW!! // ALREADY
GRADED A+
The Central Bank's Consumer Protection Code does NOT apply to:
A insurance intermediaries.
B banks.
C MiFID investment firms, when providing MiFID services.
D general insurance companies. - CORRECT ANSWER ✔✔- C
3
The Central Bank's Consumer Protection Code advertising requirements apply to:
(i) flyers.
(ii) product brochures.
(iii) a firm's website.
A (i) only.
B (ii) only.
Pg. 1
,C (ii) and (iii) only.
D (i), (ii) and (iii). - CORRECT ANSWER ✔✔- D
3.1.1
A financial services provider is advertising an investment product which can
fluctuate in value and does not guarantee a return of capital.
Under the Consumer Protection Code which one of these warning statements
must be included in the advertisement?
A If you invest in this product, you may lose some of the money you invest.
B The value of your investment will fluctuate.
C The value of your investment may go down
as well as up.
D The value of your investment may go up as well as down. - CORRECT ANSWER
✔✔- C
3.1.4
DEF Life Ltd, an authorised insurance intermediary, cannot use the term
'insurance broker' unless it:
(i) provides at least 75% of its regulated annual turnover on a fair analysis basis.
(ii) has at least 20 agency appointments with different product producers.
(iii) offers the client an option to pay for its services by means of a fee.
Pg. 2
,A (i) only.
B (i) and (ii) only.
C (ii) and (iii) only.
D (i), (ii) and (iii). - CORRECT ANSWER ✔✔- A
3.2
Personal data for the purposes of Data Protection legislation includes personal
data held:
(i) on computers.
(ii) in manual paper files.
(iii) on USB sticks.
A (i) only.
B (ii) only.
C (i) and (iii) only.
D (i), (ii) and (iii). - CORRECT ANSWER ✔✔- D
3.3.1
John filled out a loan application to ABC Bank plc. He filled in his email address on
the form and opted in to the use of this information by ABC for future marketing
purposes.
ABC can now send John an unsolicited marketing email about other products and
services the bank offers, if the bank:
Pg. 3
, A sends him the email within 12 months of him opting in to receive such
information.
B first reconfirms in writing with him that he is happy to continue receiving
marketing emails at this address. C did not send him a previous marketing email
to this address within the last 12 months.
D has verified that the email is directly relevant to his current financial
circumstances. - CORRECT ANSWER ✔✔- A
3.4.1
FIT Ltd, an insurance intermediary, can make an unsolicited telephone call to
Alison, who is NOT an existing client of the firm, if:
(i) Alison has been referred to the firm by a solicitor.
(ii) Alison has expressly consented to the solicitor passing on her details to FIT.
(iii) her telephone number is on the National Data Base Opt Out Register.
A (i) only.
B (i) and (ii) only.
C (i) and (iii) only.
D (ii) and (iii) only. - CORRECT ANSWER ✔✔- B
3.5.2
HWJ Ltd, an insurance intermediary, can make an unsolicited telephone call to the
personal phone belonging to Aoife who is NOT an existing client of the firm, if:
A the purpose of the call is limited to offering Aoife a term assurance policy.
Pg. 4
