CMSA WITH CORRECT ANSWERS 20125
"relevant body corporate" means a body
corporate of which an exchange holding company is a shareholder who, either alone or
with any associated person, is entitled to exercise or control the exercise of more than
?% of the aggregate of the nominal amount of all voting shares in the
body corporate. - correct answers33
"capital market services" means any service as specified by the Commission under section 76A,
but does not include a regulated activity. Is this correct? - correct answersyes
"capital market services" means any service as specified by the Commission under section 76A,
including any regulated activities. Is this correct? - correct answersno
The SC has the power to specify any service to be a capital market service. Is this correct? -
correct answersyes
A person providing any capital market service shall apply to be registered under section 76A of
CMSA. Is this correct? - correct answersyes
A person needs not to register to provide any capital market service under section 76A of CMSA.
Is this correct? - correct answersno
Which is correct? a) "clearing house" means a person whose activities or objects include the
provision
of clearing facilities b) "clearing facilities" means a facility whose activities or objects include the
provision
of a clearing house - correct answersa)
,? in relation to a derivative, means to discharge the obligations of a
person in the long position or short position under a derivative and shall include the
discharge of these obligations as a result of the matching up of the derivative with a
derivative of the same kind under which the person has assumed an offsetting short
position or offsetting long position, as the case may be - correct answersclose out
The SC's power to make regulations include the following activities ? - correct answersCMSA
378
Does the Minister have the power to approve a body corporate as a stock exchange or
derivatives exchange? - correct answersyes
Who has the power to approve a body corporate as a stock exchange or derivatives exchange,
the SC, BNM or the Minister? Such an application for approval shall be first sent to the SC, BNM
or the Minister?, whereupon the said party shall submit to the SC, BNM or the Minister? such
application together with its recommendation. - correct answersthe Minister; the SC; the
Minister
"exchange holding company" means a body corporate that is the holding company of any body
corporate approved as a stock exchange or derivatives exchange, and that has been approved as
an
exchange holding company under section 15 of CMSA,
but not a body corporate that is the holding company of central depository or approved as a
clearing house. Is this correct? - correct answersno
"exchange holding company" means a body corporate that is the holding company of any body
corporate approved as a stock exchange, derivatives exchange,
central depository or approved as a clearing house and that has been approved as an
exchange holding company under section 15 of CMSA. Is this correct? - correct answersyes
Who has the power to approve a body corporate as an exchange holding company, the SC, BNM
or the Minister? Such an application for approval shall be first sent to the SC, BNM or the
, Minister?, whereupon the said party shall submit to the SC, BNM or the Minister? such
application together with its recommendation. - correct answersthe Minister; the SC; the
Minister
"foreign supervisory authority" means a foreign authority or any other person
which exercises functions corresponding to the functions of the SC, BNM or the Minister? under
the
securities law - correct answersthe SC
Does "information service" incude bond pricing facilities? - correct answersno
a derivative other than a standardized
derivative is called ? - correct answersover-the-counter derivative
Does the Minister have power to prescribe any instrument or product or class of instruments or
products to be—
(a) securities;
(b) derivatives;
(c) capital market products;
(d) Islamic securities;
(e) Islamic derivatives; or
(f) Islamic capital market products,
for the purposes of the securities law? - correct answersyes
x/y? of the number of directors on the board of such exchange holding company, stock
exchange or derivatives exchange, as the case may be, shall be appointed by the Minister, in
consultation with
the Commission, to be public interest directors of the exchange holding company, stock
exchange or derivatives exchange. public interest directors shall hold office for a period
specified by the Minister which
"relevant body corporate" means a body
corporate of which an exchange holding company is a shareholder who, either alone or
with any associated person, is entitled to exercise or control the exercise of more than
?% of the aggregate of the nominal amount of all voting shares in the
body corporate. - correct answers33
"capital market services" means any service as specified by the Commission under section 76A,
but does not include a regulated activity. Is this correct? - correct answersyes
"capital market services" means any service as specified by the Commission under section 76A,
including any regulated activities. Is this correct? - correct answersno
The SC has the power to specify any service to be a capital market service. Is this correct? -
correct answersyes
A person providing any capital market service shall apply to be registered under section 76A of
CMSA. Is this correct? - correct answersyes
A person needs not to register to provide any capital market service under section 76A of CMSA.
Is this correct? - correct answersno
Which is correct? a) "clearing house" means a person whose activities or objects include the
provision
of clearing facilities b) "clearing facilities" means a facility whose activities or objects include the
provision
of a clearing house - correct answersa)
,? in relation to a derivative, means to discharge the obligations of a
person in the long position or short position under a derivative and shall include the
discharge of these obligations as a result of the matching up of the derivative with a
derivative of the same kind under which the person has assumed an offsetting short
position or offsetting long position, as the case may be - correct answersclose out
The SC's power to make regulations include the following activities ? - correct answersCMSA
378
Does the Minister have the power to approve a body corporate as a stock exchange or
derivatives exchange? - correct answersyes
Who has the power to approve a body corporate as a stock exchange or derivatives exchange,
the SC, BNM or the Minister? Such an application for approval shall be first sent to the SC, BNM
or the Minister?, whereupon the said party shall submit to the SC, BNM or the Minister? such
application together with its recommendation. - correct answersthe Minister; the SC; the
Minister
"exchange holding company" means a body corporate that is the holding company of any body
corporate approved as a stock exchange or derivatives exchange, and that has been approved as
an
exchange holding company under section 15 of CMSA,
but not a body corporate that is the holding company of central depository or approved as a
clearing house. Is this correct? - correct answersno
"exchange holding company" means a body corporate that is the holding company of any body
corporate approved as a stock exchange, derivatives exchange,
central depository or approved as a clearing house and that has been approved as an
exchange holding company under section 15 of CMSA. Is this correct? - correct answersyes
Who has the power to approve a body corporate as an exchange holding company, the SC, BNM
or the Minister? Such an application for approval shall be first sent to the SC, BNM or the
, Minister?, whereupon the said party shall submit to the SC, BNM or the Minister? such
application together with its recommendation. - correct answersthe Minister; the SC; the
Minister
"foreign supervisory authority" means a foreign authority or any other person
which exercises functions corresponding to the functions of the SC, BNM or the Minister? under
the
securities law - correct answersthe SC
Does "information service" incude bond pricing facilities? - correct answersno
a derivative other than a standardized
derivative is called ? - correct answersover-the-counter derivative
Does the Minister have power to prescribe any instrument or product or class of instruments or
products to be—
(a) securities;
(b) derivatives;
(c) capital market products;
(d) Islamic securities;
(e) Islamic derivatives; or
(f) Islamic capital market products,
for the purposes of the securities law? - correct answersyes
x/y? of the number of directors on the board of such exchange holding company, stock
exchange or derivatives exchange, as the case may be, shall be appointed by the Minister, in
consultation with
the Commission, to be public interest directors of the exchange holding company, stock
exchange or derivatives exchange. public interest directors shall hold office for a period
specified by the Minister which
