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CISI UK FINANCIAL REGULATIONS (REGS) MOCK EXAM LATEST
2025 ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
In terms of conduct risk, which of the following is NOT one of the
FCA's three areas of focus for consumer-facing work?
Reducing and preventing serious harm
Setting and testing higher standards
Delivering profitability in a digital age
Promoting competition and positive change - ANSWER-Delivering
profitability in a digital age is NOT one of the FCA's areas of
focus.
If a per se professional client requests to be categorised as a
retail client for extra protection, the firm:
Must allow the recategorisation of the client, but only once the
client has signed a risk warning.
Must allow recategorisation, but only once the client has entered
into a written recategorisation agreement.
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May recategorise without notifying the client.
May refuse to recategorise. - ANSWER-Must allow
recategorisation, but only once the client has entered into a
written recategorisation agreement.
If the criteria for a concert party are met under the UKLA's
Disclosure and Transparency rules, an obligation to notify the
company occurs at a collective holding of?
1%
3%
15%
30% - ANSWER-3% is deemed to be a significant stake.
Which of the following is a key difference between terrorist funds
and other money laundering activities?
Unusual trading pattern
Involves a transaction
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Large sum
Legitimate source - ANSWER-By definition, money laundering
involves the proceeds of crime. Legitimate funds may be used to
fund terrorist activities.
Legitimate Source
When the RDC issues a final notice, it will not contain:
Other information deemed to be relevant
Notice of the recipient's right to appeal
The date the notice becomes effective
Details of any sanctions imposed by the FCA - ANSWER-The
right to appeal ceases upon the issue of a final notice.
Which of the following may be issued by the RDC instead of a
warning notice?
Disciplinary notice
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Notice of discontinuance
Final decision notice
Decision notice - ANSWER-The most obvious answer would have
been a supervisory notice, but it is not an available choice. The
only other sensible option is therefore a notice of discontinuance,
which can be issued at any point during the investigatory process
if the RDC feels there is no need to continue an investigation.
How long is a MiFID firm required to keep records of employee's
training and competence?
Seven years
Five years
Three years
One year - ANSWER-The basic record keeping requirement for
MiFID business is five years.
For an authorised firm to assess the suitability of a transaction for
an elective professional client, the firm must consider:
CISI UK FINANCIAL REGULATIONS (REGS) MOCK EXAM LATEST
2025 ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
In terms of conduct risk, which of the following is NOT one of the
FCA's three areas of focus for consumer-facing work?
Reducing and preventing serious harm
Setting and testing higher standards
Delivering profitability in a digital age
Promoting competition and positive change - ANSWER-Delivering
profitability in a digital age is NOT one of the FCA's areas of
focus.
If a per se professional client requests to be categorised as a
retail client for extra protection, the firm:
Must allow the recategorisation of the client, but only once the
client has signed a risk warning.
Must allow recategorisation, but only once the client has entered
into a written recategorisation agreement.
,2|Page
May recategorise without notifying the client.
May refuse to recategorise. - ANSWER-Must allow
recategorisation, but only once the client has entered into a
written recategorisation agreement.
If the criteria for a concert party are met under the UKLA's
Disclosure and Transparency rules, an obligation to notify the
company occurs at a collective holding of?
1%
3%
15%
30% - ANSWER-3% is deemed to be a significant stake.
Which of the following is a key difference between terrorist funds
and other money laundering activities?
Unusual trading pattern
Involves a transaction
,3|Page
Large sum
Legitimate source - ANSWER-By definition, money laundering
involves the proceeds of crime. Legitimate funds may be used to
fund terrorist activities.
Legitimate Source
When the RDC issues a final notice, it will not contain:
Other information deemed to be relevant
Notice of the recipient's right to appeal
The date the notice becomes effective
Details of any sanctions imposed by the FCA - ANSWER-The
right to appeal ceases upon the issue of a final notice.
Which of the following may be issued by the RDC instead of a
warning notice?
Disciplinary notice
, 4|Page
Notice of discontinuance
Final decision notice
Decision notice - ANSWER-The most obvious answer would have
been a supervisory notice, but it is not an available choice. The
only other sensible option is therefore a notice of discontinuance,
which can be issued at any point during the investigatory process
if the RDC feels there is no need to continue an investigation.
How long is a MiFID firm required to keep records of employee's
training and competence?
Seven years
Five years
Three years
One year - ANSWER-The basic record keeping requirement for
MiFID business is five years.
For an authorised firm to assess the suitability of a transaction for
an elective professional client, the firm must consider:
