FCA 97 QUIZ QUESTIONS AND ANSWERS|42 PAGES
A firm has just executed an order for a retail client. Within what period of time must the confirmation of trade be sent? A Immediately B Within one business day C Within five business days D Within seven calendar days - ️️B, as specified in COBS BUT any problems in execution must be communicated IMMEDIATELY A firm is approached by an authorised collective investment scheme (CIS) in relation to designated investment business. Which of the following best represents the conditions under which the CIS will get classified as a professional client? A Turnover of €40 million and own funds of €2 million B Turnover of €40 million and a balance sheet of €15 million C It is always classified as a professional client D It can never be classified as a professional client - ️️C
Información del documento
- Subido en
- 4 de julio de 2024
- Número de páginas
- 42
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
