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CISI REGULATORY EXAM QUESTIONS WITH CORRECT ANSWERS GRADED A+.pdf

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CISI REGULATORY EXAM QUESTIONS WITH CORRECT ANSWERS GRADED A+.pdf

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CISI: UK Regulation & Professional Integrity

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CISI: UK Regulation & Professional Integrity

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Institution: CISI: UK Regulation & Professional Integrity
Module: CISI: UK Regulation & Professional Integrity

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Uploaded on: November 24, 2025
Number of pages: 71
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

Subjects

cisi regulatory exam questions with correct answer

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CISI REGULATORY EXAM QUESTIONS
WITH CORRECT ANSWERS GRADED
A+ FOR 2025-2026 ASSURED EXCEL!!
FSAPx-xxCORRECTxANSWERSFinancialxservicesxactionxplanx-
xcreatesxandximplementsxdirectivesxonxanxEUxlevel.xAimsxtoxharmonisexfinancialxservicesxrulesxacro

ssxEU.xIncludesxEUxdirectivesx(toxbeximplementedxintoxnationalxlaw)xandxEUxregulationsx(bindingxo
nxmemberxstates)

FSAPxdirectivesx-xxCORRECTxANSWERSMarketxAbusexDirective

ProspectusxDirective

MiFID

MoneyxLaunderingxDirective

WhatxmustxEUxmembersxdoxwithxFSAPxdirectivesx-
xxCORRECTxANSWERSDirectivesxmustxbeximplementedxandxtransposedxintoxnationalxlaw.xRegulatio

nxisximmediatelyxbindingxinxmemberxstates.

Whatxisxanxactxandxorderx-xxCORRECTxANSWERSLaw

EUxRegulatoryxbodiesx(ESAs)x-
xxCORRECTxANSWERSEuropeanxlevelxregulationsxthatxoverseexnationalxregulators

ESMAx(Europeanxsecuritiesxandxmarketsxagency)x-xfinancialxmarkets

EBAx(Europeanxbankingxagency)x-xbanks

EIOPAx-xinsurancexandxpensions

,[ESRBxworksxwithxESAsxtoxpromotexfinancialxstabilityxandxavoidxaxfinancialxmarketxcollapsexatxthexE
uropeanxlevelxandxESAsximplementxcapitalxstandardsxforxbanks]

WhatxmustxfirmsxdoxinxrelationxtoxLIBORx-
xxCORRECTxANSWERSBenchmarkxsubmissionxandxadministration

WhatxarexthexgeneralxdutiesxofxthexFCAx-
xxCORRECTxANSWERSMakingxrules;xpreparingxandxissuingxcodes;xgivingxgeneralxguidancex(firmsxm

ayxchoosexnotxtoxfollowxthis);xdeterminingxgeneralxpolicyxandxprinciplesxbyxwhichxthexFCAxperform
sxitsxfunctions.xHowever,xthexboardxcannotxdelegatexitsxstatutoryxobjectivesxtoxanotherxbody.

LamfalussyxProcessx(4xlevels)x-
xxCORRECTxANSWERSLegislativexactsx(ECxproposesxdirectivesxorxregs)

Implementingxmeasuresx(specialistxcommitteesxdraftxlegislation,xcommitteesxincludexEBC,xESC,xEI
OPC,xEFCC)

FacilitatingxRegulatoryxConvergencex(ESAsximplementxlegislationxandxliaisexwithxnationalxregulator
sxtoxensurexthingsxarexdonexonxtime)

Enforcementx(EUxcommissionxenforcesxnewxrulings)

WherexdoxUKxregulatorsxgetxtheirxpowerx-xxCORRECTxANSWERSFSMAx2000

WhenxdidxFSMAx2012xbecomexlawx-xxCORRECTxANSWERSAprilx2013

FCAx-xxCORRECTxANSWERSPrivatexlimitedxcompanyxwithxpowersxtoxregulatexthexcity.

,WhoxisxthexFCAxaccountablexto?x-
xxCORRECTxANSWERSThextreasury,xwhichxisxheadedxbyxthexchancellorxofxthexex-chequer

WhoxappointsxthexboardxofxthexFCAx-xxCORRECTxANSWERSTreasury

WhoxfundsxthexFCAx-xxCORRECTxANSWERSThexfinancialxindustryx-
xeveryxfirmxmustxpayxaxfeextoxthexFCAxandxsomexfirmsxhavextoxpayxaxfine

FinancialxOmbudsmanxServicex(FOS)x-
xxCORRECTxANSWERSAnxindependentxbodyxsetxupxbyxParliamentxthatxsettlesxcustomerxandxsmallxfi

rmxcomplaintsxaboutxprovidersxofxmissoldxfinancialxproductsxatxnoxchargextoxconsumers.

Whoxoverseesxthexfinancialxombudsmanxservicex-xxCORRECTxANSWERSFCA

Financialxservicexcompensationxschemex-
xxCORRECTxANSWERSPaysxconsumersxifxaxbankxbecomesxinsolventxandxisn'txablextoxpayxconsumerx

deposits

Whoxfundsxthexfinancialxservicexcompensationxschemex-xxCORRECTxANSWERSFCA

FPCx-
xxCORRECTxANSWERSCommitteexofxthexBoE.xInxchargexofxidentifyingxmonitoringxandxtakingxactionx

toxremovexorxreducexsystemicxrisks.

CanxgivexdirectionsxtoxPRAxandxFCA

RolexofxthexFCAx-xxCORRECTxANSWERSCOnductxregulatorxforxdual-
regulatedxfirmsxandxallxotherxregulatedxfirmsxe.g.xbrokersxandxadvisors.xThexFCAxalsoxmonitorsxthex
resourcesxofxnonxdual-regulatedxfirmsxtoxensurexthey'rexadequatextoxrun.xThisxmeansxthexday-to-
dayxconductxofxallxregulatedxfirmsxinclxhowxfinancialxproductsxarexsold

, RolesxofxthexPRAx-
xxCORRECTxANSWERSPartxofxthexbankxofxEngland.xThey'rexaxfinancialxregulatorxofxdual-

regulatedxfirmsxandxmonitorxcapitalxstandards.

Dual-regulatedxfirmsx-
xxCORRECTxANSWERSReceivexprudentialxregulationxfromxthexPRAxandxconductxregulationxfromxthe

xFCA.xIncludexdeposit-

takersx(banksxandxbuildingxsocieties)xandxinvestmentxbanksxandxlargexinstitutionalxfundsxthatxarexs
ystemicallyximportant.

WhoxisxthexPRAxaccountablexto?x-xxCORRECTxANSWERSBankxofxEngland

Otherxregulatedxfirmsx-
xxCORRECTxANSWERSReceivexconductxandxprudentialxregulationxwithxthexFCAxonly

WhoxappointsxthexFCAxchairxandxboard?x-
xxCORRECTxANSWERSCoExappointsxchair,xHMTxappointsxboard

WhoxarexthexPRAxandxFCAxanswerablextox-
xxCORRECTxANSWERSFinancialxpolicyxcommitteex(includesxthexgovernerxofxthexBofE,

Financialxpolicyxcommitteex-xxCORRECTxANSWERSpublishxaxsemi-
annualxfinancialxstabilityxreport.xThexcommitteexmonitorsxmacroxprudentialxstandardsxinxthexUKxa
ndxinstructsxregulatorsxtoxdoxmorexifxsoxrequired

FCA/xRegulatorxobjectivesx-xxCORRECTxANSWERSStrategicx-
xensurexthexrelevantxmarketsxworkxwellx(inclxtransparency)

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