IFIC (Unit 1 Quiz) UPDATED
ACTUAL Exam Questions and
CORRECT Answers
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Terms in this set (46)
_____ _______ sales Mutual funds sales are regulated
are regulated (in Canada) by provincial and
(in Canada) by federal organizations.
provincial and
federal
organizations.
,_________ __________ dealing representative are
are professionals who protect the
professionals interests of the investing public
who protect and industry participants.
the interests of
the investing
public and
industry
participants.
Each provincial Each provincial monitoring body is
monitoring referred to as a securities
body is commission (or securities
referred to as a regulator)
securities _______
(or securities
regulator)
Two (2) levels of monitoring
bodies:
Two (2) levels - 1: Provincial level (securities
of monitoring regulators/commission, dealing
bodies reps)
- 2: National level (CSA, MFDA,
OBSI, IIROC, OSFI)
,Securities Securities regulator/commission
_______/______ mandate:
mandate: - Protect investors from
Protect fraudulent/unfair practices
investors from - Promote fair capital markets
fraudulent/unfai - Promote confidence in capital
r practices markets
Promote fair - Reduce risk (systemic)
capital markets
Promote
confidence in
capital markets
Reduce risk
(systemic)
, Securities Securities regulator/commission
_____/______ responsibilities:
responsibilities: - Establish strict standards for
- Establish strict disclosure of info before offering
standards for new securities to the public.
disclosure of - Review/approve mutual funds
info before before they are put for sale in their
offering new province.
securities to the - Register companies and
public. individuals who sell securities
- - Register companies/individuals
Review/approv who manage mutual fund
e mutual funds portfolios
before they are - Enforce regulations that govern
put for sale in the buying and selling of
their province. securities
- Register - Investigate investor complaints
companies and against companies (and their
individuals who employees)
sell securities - Discipline companies/individuals
- Register who violate the regulations
companies/indi
viduals who
manage mutual
fund portfolios
ACTUAL Exam Questions and
CORRECT Answers
Save
Terms in this set (46)
_____ _______ sales Mutual funds sales are regulated
are regulated (in Canada) by provincial and
(in Canada) by federal organizations.
provincial and
federal
organizations.
,_________ __________ dealing representative are
are professionals who protect the
professionals interests of the investing public
who protect and industry participants.
the interests of
the investing
public and
industry
participants.
Each provincial Each provincial monitoring body is
monitoring referred to as a securities
body is commission (or securities
referred to as a regulator)
securities _______
(or securities
regulator)
Two (2) levels of monitoring
bodies:
Two (2) levels - 1: Provincial level (securities
of monitoring regulators/commission, dealing
bodies reps)
- 2: National level (CSA, MFDA,
OBSI, IIROC, OSFI)
,Securities Securities regulator/commission
_______/______ mandate:
mandate: - Protect investors from
Protect fraudulent/unfair practices
investors from - Promote fair capital markets
fraudulent/unfai - Promote confidence in capital
r practices markets
Promote fair - Reduce risk (systemic)
capital markets
Promote
confidence in
capital markets
Reduce risk
(systemic)
, Securities Securities regulator/commission
_____/______ responsibilities:
responsibilities: - Establish strict standards for
- Establish strict disclosure of info before offering
standards for new securities to the public.
disclosure of - Review/approve mutual funds
info before before they are put for sale in their
offering new province.
securities to the - Register companies and
public. individuals who sell securities
- - Register companies/individuals
Review/approv who manage mutual fund
e mutual funds portfolios
before they are - Enforce regulations that govern
put for sale in the buying and selling of
their province. securities
- Register - Investigate investor complaints
companies and against companies (and their
individuals who employees)
sell securities - Discipline companies/individuals
- Register who violate the regulations
companies/indi
viduals who
manage mutual
fund portfolios
