CISI REGULATORY EXAM 383
QUESTIONS WITH SOLVED
ANSWERS SOLUTIONS!!
, Friendly takeovers Share subdivision
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2 of 383
Definition
Meant to create a common market with harmonised rules for the
wholesale market and open and secure retail market in which the
financial industry can exist
Allows firms within EEA to open branches and cross-border sell
throughout the EEA without the need for licensing in each
jurisdiction (called passporting)
Give this one a try later!
Prospectus Specified activities
What happens post-bid MIFID aims
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3 of 383
Definition
Rules for all firms dealing with RCs and PCs:
,Act honestly fairly and professionally
Inducements
Reliance on others
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Cobs 5 Cobs 15
Cobs 10 COBS 2
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4 of 383
Term
Who funds the financial service compensation scheme
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HMT FAS
FCA FOB
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5 of 383
, Term
Elective PC local authority
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If pension fund < £5m If pension fund > £10m
If pension fund is managed by a
If pension fund is exactly £10m
private firm
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6 of 383
Definition
Conflicts include actions likely to make a financial gain/avoid loss at
expense of client; displaying a conflicting interest in the outcome of
a service/transaction; prompted by an incentive to favour the
interest of one client over another'; that are the same business as the
client
Give this one a try later!
What legislation covers money
What are conflicts of interest
laundering
HGS transfer to premium listing Takeover code: concert parties
QUESTIONS WITH SOLVED
ANSWERS SOLUTIONS!!
, Friendly takeovers Share subdivision
Don't know?
2 of 383
Definition
Meant to create a common market with harmonised rules for the
wholesale market and open and secure retail market in which the
financial industry can exist
Allows firms within EEA to open branches and cross-border sell
throughout the EEA without the need for licensing in each
jurisdiction (called passporting)
Give this one a try later!
Prospectus Specified activities
What happens post-bid MIFID aims
Don't know?
3 of 383
Definition
Rules for all firms dealing with RCs and PCs:
,Act honestly fairly and professionally
Inducements
Reliance on others
Give this one a try later!
Cobs 5 Cobs 15
Cobs 10 COBS 2
Don't know?
4 of 383
Term
Who funds the financial service compensation scheme
Give this one a try later!
HMT FAS
FCA FOB
Don't know?
5 of 383
, Term
Elective PC local authority
Give this one a try later!
If pension fund < £5m If pension fund > £10m
If pension fund is managed by a
If pension fund is exactly £10m
private firm
Don't know?
6 of 383
Definition
Conflicts include actions likely to make a financial gain/avoid loss at
expense of client; displaying a conflicting interest in the outcome of
a service/transaction; prompted by an incentive to favour the
interest of one client over another'; that are the same business as the
client
Give this one a try later!
What legislation covers money
What are conflicts of interest
laundering
HGS transfer to premium listing Takeover code: concert parties
