CISI: UK Financial Regulation questions
with correct answers
UK Takeover Code 6 General Principles - Answer - All shareholders given equal treatment and protected - Shareholders given sufficient time and information to decide - Board of target to act in best interests of company as a whole - False markets must not be created - Predator to make a bid only after ensuring they can meet cash requirements of bid
- Target company not to be hindered in its business affairs for any longer than is necessary
UK Takeover Code is Administered by.... - Answer Administered by the Takeover Panel (also known as the Panel on Takeovers and Mergers, or 'PTM')
Acting in concert - Answer • A company and other members of the same group • A company and its directors • A company and its pension fund • A fund manager and its discretionary portfolio • A client and its professional adviser
Dealings - Answer • Any action that may increase or decrease a holding in a relevant security
Interest in shares - Answer A person who owns relevant securities or has a right to exercise or direct the voting rights on them Brexit - Answer - MIFID
- Withdrawal Action
- UK Firms Passporting through EEA Subsidiaries
Scope of MiFID
Purpose, Core, Ancillary - Answer - To create a common market with harmonised
rules in the financial industry - Facilitates frictionless cross-border trading (passporting)
Core activities - Reception and transmission of orders - Execution of orders - Portfolio management - Investment advice - Underwriting and placing - Operating an MTF or OTF
Ancillary
- Safekeeping and administration - Loans to carry out transactions - Investment research and financial analysis
MiFID Instruments - Answer - Transferable securities - Units in collective investment schemes - Money market instruments - Derivatives on securities, currencies, interest rates or yields
with correct answers
UK Takeover Code 6 General Principles - Answer - All shareholders given equal treatment and protected - Shareholders given sufficient time and information to decide - Board of target to act in best interests of company as a whole - False markets must not be created - Predator to make a bid only after ensuring they can meet cash requirements of bid
- Target company not to be hindered in its business affairs for any longer than is necessary
UK Takeover Code is Administered by.... - Answer Administered by the Takeover Panel (also known as the Panel on Takeovers and Mergers, or 'PTM')
Acting in concert - Answer • A company and other members of the same group • A company and its directors • A company and its pension fund • A fund manager and its discretionary portfolio • A client and its professional adviser
Dealings - Answer • Any action that may increase or decrease a holding in a relevant security
Interest in shares - Answer A person who owns relevant securities or has a right to exercise or direct the voting rights on them Brexit - Answer - MIFID
- Withdrawal Action
- UK Firms Passporting through EEA Subsidiaries
Scope of MiFID
Purpose, Core, Ancillary - Answer - To create a common market with harmonised
rules in the financial industry - Facilitates frictionless cross-border trading (passporting)
Core activities - Reception and transmission of orders - Execution of orders - Portfolio management - Investment advice - Underwriting and placing - Operating an MTF or OTF
Ancillary
- Safekeeping and administration - Loans to carry out transactions - Investment research and financial analysis
MiFID Instruments - Answer - Transferable securities - Units in collective investment schemes - Money market instruments - Derivatives on securities, currencies, interest rates or yields
