QFA Regs Sample Paper 2 – Questions With
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Terms in this set (100)
ABC Bank plc is established in A
Germany. It transacts banking business
in the Republic of Ireland on a cross- 1.2.1
border basis. Being able to provide
financial services in this manner to
consumers in other EU countries is
referred to as:
A passporting.
B subrogation.
C migration.
D the common good.
,In relation to a financial services firm A
established in an EU country, the term
'freedom of establishment' means 1.2.1
being able to:
A set up a branch in another EU
country.
B provide any type of financial service
the firm wishes to provide, without
requiring any fresh authorisation.
C charge different levels of charges to
different consumers, without requiring
authorisation to do so.
D provide financial services to
consumers in another EU country on a
cross-border basis.
Regulation of the continuing solvency C
and liquidity of established financial
services firms is known as which type 1.2.3
of regulation?
A Structural.
B Systemic.
C Prudential.
D Conduct of Business.
The Central Bank's Consumer C
Protection Code is an example of
which type of regulation? 1.2.4
A Prudential.
B Systemic.
C Conduct of Business.
D Structural.
,The Central Bank does NOT authorise C
and regulate which one of the
following established in the State? 1.3.1
A Credit institutions.
B Debt management firms.
C Credit intermediaries.
D Retail credit firms.
The MAXIMUM fine which the Central D
Bank can impose on ABC Investment
Advisers Ltd, an investment 1.3.3
intermediary, for non- compliance with
financial services regulations, is:
A €1 million.
B the greater of €2 million and 5% of
annual
turnover.
C the greater of €5 million and 10% of
annual turnover.
D the greater of €10 million and 10% of
annual turnover.
Most authorised credit intermediaries B
are
A mortgage intermediaries. 1.4.4
B garages offering loans and leasing.
C insurance intermediaries.
D credit card providers.
, The regulation of unfair, misleading or D
aggressive commercial practices by
financial services firms is shared 1.4.1
between which two institutions?
A The Competition and Consumer
Protection Commission and the
Director of Corporate Enforcement.
B The Central Bank and the
Department of Finance.
C The Director of Corporate
Enforcement and the Central Bank.
D The Competition and Consumer
Protection Commission and the Central
Bank.
Credit intermediaries are authorised by A
the:
A Competition and Consumer 1.4.4
Protection
Commission.
B Central Bank.
C Irish Banking Federation.
D Irish Credit Bureau
Applicable Solutions
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (100)
ABC Bank plc is established in A
Germany. It transacts banking business
in the Republic of Ireland on a cross- 1.2.1
border basis. Being able to provide
financial services in this manner to
consumers in other EU countries is
referred to as:
A passporting.
B subrogation.
C migration.
D the common good.
,In relation to a financial services firm A
established in an EU country, the term
'freedom of establishment' means 1.2.1
being able to:
A set up a branch in another EU
country.
B provide any type of financial service
the firm wishes to provide, without
requiring any fresh authorisation.
C charge different levels of charges to
different consumers, without requiring
authorisation to do so.
D provide financial services to
consumers in another EU country on a
cross-border basis.
Regulation of the continuing solvency C
and liquidity of established financial
services firms is known as which type 1.2.3
of regulation?
A Structural.
B Systemic.
C Prudential.
D Conduct of Business.
The Central Bank's Consumer C
Protection Code is an example of
which type of regulation? 1.2.4
A Prudential.
B Systemic.
C Conduct of Business.
D Structural.
,The Central Bank does NOT authorise C
and regulate which one of the
following established in the State? 1.3.1
A Credit institutions.
B Debt management firms.
C Credit intermediaries.
D Retail credit firms.
The MAXIMUM fine which the Central D
Bank can impose on ABC Investment
Advisers Ltd, an investment 1.3.3
intermediary, for non- compliance with
financial services regulations, is:
A €1 million.
B the greater of €2 million and 5% of
annual
turnover.
C the greater of €5 million and 10% of
annual turnover.
D the greater of €10 million and 10% of
annual turnover.
Most authorised credit intermediaries B
are
A mortgage intermediaries. 1.4.4
B garages offering loans and leasing.
C insurance intermediaries.
D credit card providers.
, The regulation of unfair, misleading or D
aggressive commercial practices by
financial services firms is shared 1.4.1
between which two institutions?
A The Competition and Consumer
Protection Commission and the
Director of Corporate Enforcement.
B The Central Bank and the
Department of Finance.
C The Director of Corporate
Enforcement and the Central Bank.
D The Competition and Consumer
Protection Commission and the Central
Bank.
Credit intermediaries are authorised by A
the:
A Competition and Consumer 1.4.4
Protection
Commission.
B Central Bank.
C Irish Banking Federation.
D Irish Credit Bureau
