QFA Regulations – Questions With Accurate
Solutions
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Terms in this set (201)
The prescription of procedures which Conduct of Business.
must be followed by financial services
firms in their dealings with consumers
is which type of regulation?
Regulation of the continuing solvency Prudential.
and liquidity of established financial
services firms is known as which type
of regulation?
The MAXIMUM fine which the Central €1 million.
Bank can impose personally on John,
the CEO of a bank, for non-
compliance by the bank with financial
services regulations is:
,ABC Bank plc is established in passporting.
Germany. It transacts banking business
in the Republic of Ireland on a cross-
border basis. Being able to provide
financial services in this manner to
consumers in other EU countries is
referred to as:
Credit intermediaries are authorised by Competition and Consumer Protection Commission.
the:
The Competition and Consumer Banks
Protection Commission can impose a
levy on:
The regulation of unfair, misleading or The Competition and Consumer Protection
aggressive commercial practices by Commission and the Central Bank.
financial services firms is shared
between which two institutions?
The MAXIMUM fine which the Central The greater of €10 million and 10% of annual turnover.
Bank can impose on ABC Investment
Advisers Ltd, an investment
intermediary, for non-compliance with
financial services regulations, is:
The Central Bank imposed a fine on Irish Financial Services Appeals Tribunal.
ABC Investment Advisers Ltd, an
investment intermediary, for non-
compliance with financial services
regulations. ABC can appeal this
decision to the:
,A MiFID investment firm can provide (i), (ii) and (iii).
investment advice on which of the 2 multiple choice options
following? (i) Shares listed on a Stock
Exchange. (ii) Contracts for Difference.
(iii) Options.
ABC Bank plc informs Beta Investment 29th
Brokers Ltd of the cancellation of its
agency on 1stJuly 2020. If Beta fails to
place a 'notice of discontinuance' in a
national newspaper within the time
frame required, what is the LATEST
date in July 2020 by which ABC must
itself place such a notice in a national
newspaper?
An investment intermediary authorised Contracts for Difference
by the Central Bank under the
Investment Intermediaries Act, 1995
CANNOT provide investment advice
on which one of the following?
An investment intermediary which is be solvent at all times.
NOT authorised to act as a product
producer, is required by the Central
Bank to:
An investment intermediary authorised must seek authorisation for each type of retail
under Section 10 of the Investment financial product it wishes to arrange and/or provide
Intermediaries Act, 1995, is an advice on.
intermediary which:
, The Central Bank's Consumer The key characteristics and features of the product.
Protection Code requires product
producers launching a new investment
product to provide details of which
one of the following to any
intermediary who will promote and sell
that product to consumers?
An investment intermediary which can agent
legally act for only one bank in
receiving deposits is called a deposit:
A deemed authorised investment is automatically authorised to arrange and/or give
intermediary is one which: advice on any of the retail financial products covered
by the Investment Intermediaries Act, 1995.
An insurance intermediary provides can provide advice on general insurance products on
advice on life assurance products on either a basis that is a fair and personal analysis, on a
the basis of a fair and personal basis that is not a fair and personal analysis, or on a
analysis. This intermediary: tied insurance intermediary basis.
Marie has been a personal financial 4 years
adviser for a long number of years but
does not hold a recognised
qualification for the purposes of the
Central Bank's Minimum Competency
Standards. If Marie wants to advise
consumers on term assurance policies
without obtaining such a qualification,
she must have had experience of
advising consumers on term assurance
policies for which MINIMUM number
of years between 1st January 1999 and
1st January 2007?
Solutions
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (201)
The prescription of procedures which Conduct of Business.
must be followed by financial services
firms in their dealings with consumers
is which type of regulation?
Regulation of the continuing solvency Prudential.
and liquidity of established financial
services firms is known as which type
of regulation?
The MAXIMUM fine which the Central €1 million.
Bank can impose personally on John,
the CEO of a bank, for non-
compliance by the bank with financial
services regulations is:
,ABC Bank plc is established in passporting.
Germany. It transacts banking business
in the Republic of Ireland on a cross-
border basis. Being able to provide
financial services in this manner to
consumers in other EU countries is
referred to as:
Credit intermediaries are authorised by Competition and Consumer Protection Commission.
the:
The Competition and Consumer Banks
Protection Commission can impose a
levy on:
The regulation of unfair, misleading or The Competition and Consumer Protection
aggressive commercial practices by Commission and the Central Bank.
financial services firms is shared
between which two institutions?
The MAXIMUM fine which the Central The greater of €10 million and 10% of annual turnover.
Bank can impose on ABC Investment
Advisers Ltd, an investment
intermediary, for non-compliance with
financial services regulations, is:
The Central Bank imposed a fine on Irish Financial Services Appeals Tribunal.
ABC Investment Advisers Ltd, an
investment intermediary, for non-
compliance with financial services
regulations. ABC can appeal this
decision to the:
,A MiFID investment firm can provide (i), (ii) and (iii).
investment advice on which of the 2 multiple choice options
following? (i) Shares listed on a Stock
Exchange. (ii) Contracts for Difference.
(iii) Options.
ABC Bank plc informs Beta Investment 29th
Brokers Ltd of the cancellation of its
agency on 1stJuly 2020. If Beta fails to
place a 'notice of discontinuance' in a
national newspaper within the time
frame required, what is the LATEST
date in July 2020 by which ABC must
itself place such a notice in a national
newspaper?
An investment intermediary authorised Contracts for Difference
by the Central Bank under the
Investment Intermediaries Act, 1995
CANNOT provide investment advice
on which one of the following?
An investment intermediary which is be solvent at all times.
NOT authorised to act as a product
producer, is required by the Central
Bank to:
An investment intermediary authorised must seek authorisation for each type of retail
under Section 10 of the Investment financial product it wishes to arrange and/or provide
Intermediaries Act, 1995, is an advice on.
intermediary which:
, The Central Bank's Consumer The key characteristics and features of the product.
Protection Code requires product
producers launching a new investment
product to provide details of which
one of the following to any
intermediary who will promote and sell
that product to consumers?
An investment intermediary which can agent
legally act for only one bank in
receiving deposits is called a deposit:
A deemed authorised investment is automatically authorised to arrange and/or give
intermediary is one which: advice on any of the retail financial products covered
by the Investment Intermediaries Act, 1995.
An insurance intermediary provides can provide advice on general insurance products on
advice on life assurance products on either a basis that is a fair and personal analysis, on a
the basis of a fair and personal basis that is not a fair and personal analysis, or on a
analysis. This intermediary: tied insurance intermediary basis.
Marie has been a personal financial 4 years
adviser for a long number of years but
does not hold a recognised
qualification for the purposes of the
Central Bank's Minimum Competency
Standards. If Marie wants to advise
consumers on term assurance policies
without obtaining such a qualification,
she must have had experience of
advising consumers on term assurance
policies for which MINIMUM number
of years between 1st January 1999 and
1st January 2007?
