IFSE - CIFC - Unit 2 Exam with complete
solutions 2024/2025
Ethical Conduct - ANSWER-Adheres to approved standards
CCO (Chief Compliance Officer) - ANSWER-Responsible for establishing and
maintaining compliance policies and procedures as well as monitoring and
assessing compliance. Must submit an annual report to the board of directors
detailing the compliance assessment.
CRM (Client Relationship Model) - ANSWER-- Relationship disclosure
- Client communications
- Client reporting
Relationship Disclosure (NI 31-103) - ANSWER-Requires mutual fund dealers to
provide written disclosures to the client, either on the account opening form OR
on a separate form.
Client Communications - ANSWER-Ads and sales communications don't count.
Cannot:
- be false or aimed at misleading the client
- make exaggerated claims or go against the interests of the client
- violate any law or regulation
solutions 2024/2025
Ethical Conduct - ANSWER-Adheres to approved standards
CCO (Chief Compliance Officer) - ANSWER-Responsible for establishing and
maintaining compliance policies and procedures as well as monitoring and
assessing compliance. Must submit an annual report to the board of directors
detailing the compliance assessment.
CRM (Client Relationship Model) - ANSWER-- Relationship disclosure
- Client communications
- Client reporting
Relationship Disclosure (NI 31-103) - ANSWER-Requires mutual fund dealers to
provide written disclosures to the client, either on the account opening form OR
on a separate form.
Client Communications - ANSWER-Ads and sales communications don't count.
Cannot:
- be false or aimed at misleading the client
- make exaggerated claims or go against the interests of the client
- violate any law or regulation
