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CISI Exam 2025 — Complete Study Guide,
Practice Test Questions, and Certification
Preparation for Investment Professionals
Prepare for the CISI Exam 2025 with the latest study guide, practice test questions, and
online training materials. Learn essential concepts in securities, investment, financial
regulation, ethics, and wealth management to pass your Chartered Institute for Securities &
Investment (CISI) certification and advance your career in global finance.
• CISI exam 2025
• Chartered Institute for Securities & Investment certification
• CISI study guide 2025
• CISI practice test questions
ICE conducts its energy futures markets through ICE Futures Europe, which is based in London, and also
owns LIFFE. - ANSWER-Intercontinental Exchange (ICE)
Business that specialises in raising debt and equity for companies - ANSWER-Investment Bank
Alternative term for an OEIC. - ANSWER-Investment Company with Variable Capital
A company, not a trust, which invests in a diversified range of investments. - ANSWER-Investment Trust
illegal funds blended with legitimate funds (makes it difficult to identify legitimate vs illegitimate) Casino
example
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second stage in money laundering - ANSWER-layering (money laundering)
The UK's principal derivatives exchange for trading financial and soft commodity derivatives products.
Owned by ICE - ANSWER-LIFFE
The ease with which an item can be traded on the market. Liquid markets are described as deep. -
ANSWER-Liquidity
The risk that shares may be difficult to sell at a reasonable price - ANSWER-Liquidity Risk
Companies whose securities are listed on the LSE and available to be traded - ANSWER-Listing
The world's largest insurance market - ANSWER-Lloyd's of London
Tax on the band of income above the basic rate and below the additional rate, currently 40%. - ANSWER-
Higher Rate (of Income Tax)
Investor who buys put or call options - ANSWER-Holder
A financial adviser who is not tied to the products of any one product provider and is duty-bound to give
clients best advice and offer them the option of paying for advice.
IFAs must establish the financial planning needs of their clients through a personal fact-find, and satisfy
these needs with the most appropriate products offered in the marketplace. - ANSWER-Independent
financial adviser (IFA)
Accounts that benefit from tax advantages and which can hold cash and stocks and shares. - ANSWER-
Individual Savings Account (ISA)
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An increase in the general level of prices. - ANSWER-Inflation
Tax on the value of an estate when a person dies. - ANSWER-Inheritance Tax (IHT)
A new issue of ordinary shares, whether made by an offer for sale, an offer for subscription or a placing.
Also known as a new issue. - ANSWER-Initial Public Offering (IPO)
Criminal offence by people with unpublished price-sensitive information who deal, advise others to deal
or pass the information on
can affect the share price - ANSWER-Insider Dealing
returning the fruits of the illegal funds through a legitimate appearing asset (Ex. Investing in legal
business)
3rd stage of money laundering - ANSWER-integration (money laundering)
ICE operates regulated global futures exchanges and over-the-counter (OTC) markets for agricultural,
energy, equity index and currency contracts, as well as credit derivatives.
A corporate bond issued in the domestic bond market without any underlying collateral or security. -
ANSWER-Loan Stock
The market for trading in derivatives of certain metals, such as copper, zinc and aluminium. - ANSWER-
London Metal Exchange (LME)
The main UK market for securities. - ANSWER-London Stock Exchange (LSE)
The position following the purchase of a security or buying a derivative. - ANSWER-Long Position
CISI Exam 2025 — Complete Study Guide,
Practice Test Questions, and Certification
Preparation for Investment Professionals
Prepare for the CISI Exam 2025 with the latest study guide, practice test questions, and
online training materials. Learn essential concepts in securities, investment, financial
regulation, ethics, and wealth management to pass your Chartered Institute for Securities &
Investment (CISI) certification and advance your career in global finance.
• CISI exam 2025
• Chartered Institute for Securities & Investment certification
• CISI study guide 2025
• CISI practice test questions
ICE conducts its energy futures markets through ICE Futures Europe, which is based in London, and also
owns LIFFE. - ANSWER-Intercontinental Exchange (ICE)
Business that specialises in raising debt and equity for companies - ANSWER-Investment Bank
Alternative term for an OEIC. - ANSWER-Investment Company with Variable Capital
A company, not a trust, which invests in a diversified range of investments. - ANSWER-Investment Trust
illegal funds blended with legitimate funds (makes it difficult to identify legitimate vs illegitimate) Casino
example
,2|Page
second stage in money laundering - ANSWER-layering (money laundering)
The UK's principal derivatives exchange for trading financial and soft commodity derivatives products.
Owned by ICE - ANSWER-LIFFE
The ease with which an item can be traded on the market. Liquid markets are described as deep. -
ANSWER-Liquidity
The risk that shares may be difficult to sell at a reasonable price - ANSWER-Liquidity Risk
Companies whose securities are listed on the LSE and available to be traded - ANSWER-Listing
The world's largest insurance market - ANSWER-Lloyd's of London
Tax on the band of income above the basic rate and below the additional rate, currently 40%. - ANSWER-
Higher Rate (of Income Tax)
Investor who buys put or call options - ANSWER-Holder
A financial adviser who is not tied to the products of any one product provider and is duty-bound to give
clients best advice and offer them the option of paying for advice.
IFAs must establish the financial planning needs of their clients through a personal fact-find, and satisfy
these needs with the most appropriate products offered in the marketplace. - ANSWER-Independent
financial adviser (IFA)
Accounts that benefit from tax advantages and which can hold cash and stocks and shares. - ANSWER-
Individual Savings Account (ISA)
, 3|Page
An increase in the general level of prices. - ANSWER-Inflation
Tax on the value of an estate when a person dies. - ANSWER-Inheritance Tax (IHT)
A new issue of ordinary shares, whether made by an offer for sale, an offer for subscription or a placing.
Also known as a new issue. - ANSWER-Initial Public Offering (IPO)
Criminal offence by people with unpublished price-sensitive information who deal, advise others to deal
or pass the information on
can affect the share price - ANSWER-Insider Dealing
returning the fruits of the illegal funds through a legitimate appearing asset (Ex. Investing in legal
business)
3rd stage of money laundering - ANSWER-integration (money laundering)
ICE operates regulated global futures exchanges and over-the-counter (OTC) markets for agricultural,
energy, equity index and currency contracts, as well as credit derivatives.
A corporate bond issued in the domestic bond market without any underlying collateral or security. -
ANSWER-Loan Stock
The market for trading in derivatives of certain metals, such as copper, zinc and aluminium. - ANSWER-
London Metal Exchange (LME)
The main UK market for securities. - ANSWER-London Stock Exchange (LSE)
The position following the purchase of a security or buying a derivative. - ANSWER-Long Position
