QFA Regs Sample Paper 3 – Questions With Verified
Solutions
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Terms in this set (100)
The primary objective of structural C
regulation of financial services firms is Ensure only those with sufficient financial standing
to: and integrity can become financial services firms
A minimise risks to the financial system.
B ensure financial services providers
remain solvent at all times.
C ensure only those with sufficient
financial standing and integrity can
become financial services firms.
D enforce compliance by financial
services providers with consumer law
,In relation to a financial services firm D
established in an EU country, the term Provide financial services to consumers in another EU
'freedom of services' means being able County on a cross Border Basis
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 fees to
different consumers, without requiring
authorisation to do so.
D provide financial services to
consumers in another EU County on a
cross Border Basis
A life assurance company established B
in Germany sells policies to residents The German Regulatory Authority, BaFin
of the Republic of Ireland. Who
regulates the solvency of this life
company?
A The Central Bank of Ireland.
B The German Regulatory Authority,
BaFin.
C The European Insurance and
Occupational Pensions Authority.
D The European Securities and Markets
Authority
,The Central Bank's Consumer C
Protection Code is an example of Conduct of Business
which type of regulation?
A Prudential.
B Systemic.
C Conduct of Business.
D Structural.
The MAXIMUM fine which the Central B
Bank can impose personally on Mary, €1 million
the CEO of a bank, for non-
compliance by the bank with financial
services regulations is:
A €0.5 million.
B €1 million.
C €2 million.
D €5 million
The regulation of unfair, misleading or D
aggressive commercial practices by The Competition and Consumer Protection
financial services firms is shared Commission and the Central Bank
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.
, The Central Bank does NOT authorise B
and regulate which one of the Credit intermediaries
following entities established in the
State?
A Life assurance companies.
B Credit intermediaries.
C Home reversion firms.
D Reinsurance companies.
The Competition and Consumer B
Protection Commission can impose a Banks
levy on:
A insurance intermediaries.
B banks.
C credit intermediaries.
D investment intermediaries
An intermediary who wishes to provide C
advice to consumers on a Tracker (i) and (ii) only.
Bond, which is also a deposit, must be
authorised as a(n):
(i) investment intermediary.
(ii) deposit broker.
(iii) credit intermediary.
A (i) only.
B (ii) only.
C (i) and (ii) only.
D (i), (ii) and (iii).
Solutions
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (100)
The primary objective of structural C
regulation of financial services firms is Ensure only those with sufficient financial standing
to: and integrity can become financial services firms
A minimise risks to the financial system.
B ensure financial services providers
remain solvent at all times.
C ensure only those with sufficient
financial standing and integrity can
become financial services firms.
D enforce compliance by financial
services providers with consumer law
,In relation to a financial services firm D
established in an EU country, the term Provide financial services to consumers in another EU
'freedom of services' means being able County on a cross Border Basis
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 fees to
different consumers, without requiring
authorisation to do so.
D provide financial services to
consumers in another EU County on a
cross Border Basis
A life assurance company established B
in Germany sells policies to residents The German Regulatory Authority, BaFin
of the Republic of Ireland. Who
regulates the solvency of this life
company?
A The Central Bank of Ireland.
B The German Regulatory Authority,
BaFin.
C The European Insurance and
Occupational Pensions Authority.
D The European Securities and Markets
Authority
,The Central Bank's Consumer C
Protection Code is an example of Conduct of Business
which type of regulation?
A Prudential.
B Systemic.
C Conduct of Business.
D Structural.
The MAXIMUM fine which the Central B
Bank can impose personally on Mary, €1 million
the CEO of a bank, for non-
compliance by the bank with financial
services regulations is:
A €0.5 million.
B €1 million.
C €2 million.
D €5 million
The regulation of unfair, misleading or D
aggressive commercial practices by The Competition and Consumer Protection
financial services firms is shared Commission and the Central Bank
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.
, The Central Bank does NOT authorise B
and regulate which one of the Credit intermediaries
following entities established in the
State?
A Life assurance companies.
B Credit intermediaries.
C Home reversion firms.
D Reinsurance companies.
The Competition and Consumer B
Protection Commission can impose a Banks
levy on:
A insurance intermediaries.
B banks.
C credit intermediaries.
D investment intermediaries
An intermediary who wishes to provide C
advice to consumers on a Tracker (i) and (ii) only.
Bond, which is also a deposit, must be
authorised as a(n):
(i) investment intermediary.
(ii) deposit broker.
(iii) credit intermediary.
A (i) only.
B (ii) only.
C (i) and (ii) only.
D (i), (ii) and (iii).
