QFA REGS
Don't give up now! Trust the process.
QFA REGS - SAMPLE PAPER
Your time: 1 min.
2 EXAM
Correct QUESTIONS
0 WITH
0%
Incorrect 100
VERIFIED ANSWERS
Your answers
1 of 100
Term
Joanna has made a written complaint to ABC Life Co. Under the
Consumer Protection Code, ABC must acknowledge Joanna's
complaint in writing within what MAXIMUM number of business days
from receipt of the complaint?
A 5 business days.
B 15 business days.
C 20 business days.
D 40 business days.
Give this one a go later!
A A
6.4.1 7.1.1
, C B
7.1.1 7.2.2
Don't know?
2 of 100
Term
Large Bank plc keeps a log of all complaints received from its
customers. Under the Consumer Protection Code, the bank is
required to analyse whether complaints indicate an isolated issue or
a more widespread issue of concern for consumers at LEAST every:
A month.
B quarter.
C year.
D three years.
Give this one a go later!
B C
8.3.4 1.3.1
C C
7.1.1 3.1.2
Don't know?
3 of 100
,Term
A bank has become suspicious of certain large cash lodgements
suddenly being made to Frank's deposit account. If the bank has
reasonable grounds to suspect that Frank may be engaged in money
laundering, it must:
A close the account immediately.
B transfer the funds in the account to the Dormant Accounts fund,
pending an investigation by the Gardaí.
C seize any further cash lodgements Frank makes to his account.
D make an immediate report of the bank's suspicions to the Financial
Intelligence Unit of the Garda Síochána and Revenue
Commissioners.
Give this one a go later!
D A
1.3.3 7.2.4
A D
7.1.1 10.1
Don't know?
4 of 100
Term
The Central Bank's Consumer Protection Code does NOT apply to:
A credit unions' savings services.
, B banks.
C MiFID investment firms, when providing insurance intermediary
services.
D general insurance companies.
Give this one a go later!
D A
4.3.2.1 3
C A
1.2.4 4.3.3.1
Don't know?
5 of 100
Term
ABC Bank plc must provide a receipt to John when accepting from
him a:
A cheque made payable to Lunar Life, in respect of the renewal
premium payable on a savings policy.
B signed payroll deduction mandate for a PRSA John is effecting at
work.
C signed direct debit mandate for a personal pension plan John is
effecting.
D completed application form for a Buy-out Bond in relation to the
transfer of an existing pension fund with Lunar Life.
Don't give up now! Trust the process.
QFA REGS - SAMPLE PAPER
Your time: 1 min.
2 EXAM
Correct QUESTIONS
0 WITH
0%
Incorrect 100
VERIFIED ANSWERS
Your answers
1 of 100
Term
Joanna has made a written complaint to ABC Life Co. Under the
Consumer Protection Code, ABC must acknowledge Joanna's
complaint in writing within what MAXIMUM number of business days
from receipt of the complaint?
A 5 business days.
B 15 business days.
C 20 business days.
D 40 business days.
Give this one a go later!
A A
6.4.1 7.1.1
, C B
7.1.1 7.2.2
Don't know?
2 of 100
Term
Large Bank plc keeps a log of all complaints received from its
customers. Under the Consumer Protection Code, the bank is
required to analyse whether complaints indicate an isolated issue or
a more widespread issue of concern for consumers at LEAST every:
A month.
B quarter.
C year.
D three years.
Give this one a go later!
B C
8.3.4 1.3.1
C C
7.1.1 3.1.2
Don't know?
3 of 100
,Term
A bank has become suspicious of certain large cash lodgements
suddenly being made to Frank's deposit account. If the bank has
reasonable grounds to suspect that Frank may be engaged in money
laundering, it must:
A close the account immediately.
B transfer the funds in the account to the Dormant Accounts fund,
pending an investigation by the Gardaí.
C seize any further cash lodgements Frank makes to his account.
D make an immediate report of the bank's suspicions to the Financial
Intelligence Unit of the Garda Síochána and Revenue
Commissioners.
Give this one a go later!
D A
1.3.3 7.2.4
A D
7.1.1 10.1
Don't know?
4 of 100
Term
The Central Bank's Consumer Protection Code does NOT apply to:
A credit unions' savings services.
, B banks.
C MiFID investment firms, when providing insurance intermediary
services.
D general insurance companies.
Give this one a go later!
D A
4.3.2.1 3
C A
1.2.4 4.3.3.1
Don't know?
5 of 100
Term
ABC Bank plc must provide a receipt to John when accepting from
him a:
A cheque made payable to Lunar Life, in respect of the renewal
premium payable on a savings policy.
B signed payroll deduction mandate for a PRSA John is effecting at
work.
C signed direct debit mandate for a personal pension plan John is
effecting.
D completed application form for a Buy-out Bond in relation to the
transfer of an existing pension fund with Lunar Life.
