Discretionary trust Study guides, Revision notes & Summaries

ACAMS Practice Questions And Answers 2024 solved 100% Account Monitoring Order - ANSWERS In the United Kingdom and several other countries, an order from a government authority requiring a financial institution to provide transaction information on a suspect account for a specified time period. Affidavit - ANSWERS A written statement given under oath before an officer of the court, notary public, or other authorized person. It is commonly used as the factual basis for an application f...

ACAMS Practice Questions And Answers 2024 solved 100% Account Monitoring Order - ANSWERS In the United Kingdom and several other countries, an order from a government authority requiring a financial institution to provide transaction information on a suspect account for a specified time period. Affidavit - ANSWERS A written statement given under oath before an officer of the court, notary public, or other authorized person. It is commonly used as the factual basis for an application f...

CTFA - Fiduciary & Trust Activities Questions with complete Answers 2023 Constructive Trusts A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Construc...

FCA UK Regulation Sample Exam Which of the following is TRUE for a regulated firm under Money Laundering rules and regulations? - Staff must be trained to recognise and deal with suspicious transactions Under the Proceeds of Crime Act 2002, criminal property is defined as - any benefit derived from criminal behaviour Under what legislative framework can certain consumer bodies alert the FCA to supercomplaints? - Financial Services Act 2012 The FCA`s COBS rules apply to: - a UK inv...

FCA UK Regulation Sample Exam Which of the following is TRUE for a regulated firm under Money Laundering rules and regulations? - Staff must be trained to recognise and deal with suspicious transactions Under the Proceeds of Crime Act 2002, criminal property is defined as - any benefit derived from criminal behaviour Under what legislative framework can certain consumer bodies alert the FCA to supercomplaints? - Financial Services Act 2012 The FCA`s COBS rules apply to: - a UK inv...

IFSE - CIFC - Unit 8 Latest Update Graded A Mutual Fund Corporation - investors are shareholders - board of directors governs the fund - board of directors are elected by the shareholders at the fund's annual general meeting Mutual Fund Trust - investors are unit-holders - no board of directors. Governed by trusts or trustees - unit-holders don't have authority to appoint trustees Mutual Funds Complex - mutual fund manager - portfolio manager - custodian - distributor - transfer agent - inde...

QUESTION 1 – Regulated Activity Regulated activity? 1. Is the firm of solicitors in business? 2. Is there a specified investment? 3. Is there a specified investment activity? 4. Is there an exclusion? 1. Are you in business – yes, client. 2. Specified Investment: means common examples Investment Details Shares (equities) Corporate debt Bonds, loan stock, debenture stock, debentures Gilt Government debt – issued by the treasury Alternative finance investment bonds Islamic financ...

TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal, ISBN-7. All Chapters 1-23. (Complete Download) Version 1 1 CHAPTER 1 1) Which of the following is not considered to be a separate entity for tax purposes in Canada? A) An individual B) A proprietorship C) A corporation D) A trust 2) Which of the following attitudes and actions is most likely to help decision-makers develop an efficient app...

acceleration a provision in a mortgage, lease or land contract, which gives the lender, lessor or vendor the option of declaring the entire balance due upon any default of the borrower, lessee or vendee acceptance the receipt of a deed or other thing with the intention of retaining it; agreement to terms offered, agreement by drawee of negotiable paper to pay same; consent to an offer or contract accession the right to all which one's property produces; acquiring property prope...

The following questions are based on the material in the textbook “Advanced Income Tax Law” by Peter Baker, Geoff Cliff & Sonia Deaner, 15th Edition (January 2018) Activity instructions to candidates • This is an open book assessment activity. • You may use a financial calculator or computer application to help calculate values • You are required to read this assessment and answer all questions that follow. • Please type your answers in the spaces provided. • Please ens...