IFSE Unit 1 Questions and Verified Correct
Answers
A Provincial and Territorial Regulator, administers jurisdiction's Securities Act or equivalent
legislation answer - The Securities Commission
National Regulator,
The _________ mandate consists of three goals:
•to protect investors from unfair, improper, or fraudulent practices
•to foster fair and efficient capital markets
•to reduce risks to the market's integrity, and to investor confidence in the markets
_________ pursues these goals through a national system of harmonized securities
regulations, policies, and practices. Securities Regulators enforce these regulations, policies
and practices. answer - Canadian Securities Administrators (CSA)
National Regulator,
As a self-regulatory organization, the ______ is responsible for regulating the operations,
standards of practice and business conduct of its members and their dealing representatives,
with a view to enhancing investor protection and strengthening public confidence in the
Canadian mutual fund industry.
The ____________ is empowered by securities regulators in each of the enumerated
jurisdictions (provinces and territories) to:
•admit members
, •perform compliance reviews
•enforce rules through a transparent disciplinary process that can result in fines, suspension,
or termination of membership answer - Mutual Fund Dealers Association (MFDA)
National Regulator,
___________'s objective is to attempt to resolve disputes between participating banking
services and investment firms and their clients.As of August 1, 2014, all dealers and advisors
must also be _________ members. ________ can provide recommendation to settle claims up
to $350,000. As an alternative to the legal system, ___________ provides a mechanism to
ensure members deal fairly with their customers. answer - Ombudsman for Banking Services
and Investments (OBSI)
National Regulator answer - Investment Industry Regulatory Organization of Canada (IIROC)
National Regulator answer - Office of the Superintendent of Financial Institutions Canada
(OSFI)
•to protect investors from unfair, improper and fraudulent practices answer - Securities
Regulator Mandate
•to promote fair and efficient capital markets answer - Securities Regulator Mandate
•to promote confidence in capital markets answer - Securities Regulator Mandate
•to reduce systemic risk answer - Securities Regulator Mandate
•establishing strict standards for disclosure of information before new securities can be
offered to the public answer - Securities Regulator Role
Answers
A Provincial and Territorial Regulator, administers jurisdiction's Securities Act or equivalent
legislation answer - The Securities Commission
National Regulator,
The _________ mandate consists of three goals:
•to protect investors from unfair, improper, or fraudulent practices
•to foster fair and efficient capital markets
•to reduce risks to the market's integrity, and to investor confidence in the markets
_________ pursues these goals through a national system of harmonized securities
regulations, policies, and practices. Securities Regulators enforce these regulations, policies
and practices. answer - Canadian Securities Administrators (CSA)
National Regulator,
As a self-regulatory organization, the ______ is responsible for regulating the operations,
standards of practice and business conduct of its members and their dealing representatives,
with a view to enhancing investor protection and strengthening public confidence in the
Canadian mutual fund industry.
The ____________ is empowered by securities regulators in each of the enumerated
jurisdictions (provinces and territories) to:
•admit members
, •perform compliance reviews
•enforce rules through a transparent disciplinary process that can result in fines, suspension,
or termination of membership answer - Mutual Fund Dealers Association (MFDA)
National Regulator,
___________'s objective is to attempt to resolve disputes between participating banking
services and investment firms and their clients.As of August 1, 2014, all dealers and advisors
must also be _________ members. ________ can provide recommendation to settle claims up
to $350,000. As an alternative to the legal system, ___________ provides a mechanism to
ensure members deal fairly with their customers. answer - Ombudsman for Banking Services
and Investments (OBSI)
National Regulator answer - Investment Industry Regulatory Organization of Canada (IIROC)
National Regulator answer - Office of the Superintendent of Financial Institutions Canada
(OSFI)
•to protect investors from unfair, improper and fraudulent practices answer - Securities
Regulator Mandate
•to promote fair and efficient capital markets answer - Securities Regulator Mandate
•to promote confidence in capital markets answer - Securities Regulator Mandate
•to reduce systemic risk answer - Securities Regulator Mandate
•establishing strict standards for disclosure of information before new securities can be
offered to the public answer - Securities Regulator Role
