COMPLETE GUIDE TO PSC FINANCIAL AND BUSINESS SKILLS EXAM - DISTINCTION ACHIEVED (ULAW) EXAM (2023 / 2024) WITH NGN QUESTIONS AND COMPLETE 100% CORRECT VERIFIED RATIONALIZED ANSWERS 100% GUARANTEE PASS LATEST UPDATE 2024 GRADED A+ BY EXPERTS 9ALL YOU NEED
7 views 0 purchase
Module
PSC FINANCIAL AND BUSINESS SKILL
Institution
PSC FINANCIAL AND BUSINESS SKILL
COMPLETE GUIDE TO PSC FINANCIAL AND BUSINESS SKILLS EXAM - DISTINCTION ACHIEVED (ULAW) EXAM (2023 / 2024) WITH NGN QUESTIONS AND COMPLETE 100% CORRECT VERIFIED RATIONALIZED ANSWERS 100% GUARANTEE PASS LATEST UPDATE 2024 GRADED A+ BY EXPERTS 9ALL YOU NEED TO PASS YOUR EXAM,S)
Bank / building soc...
complete guide to psc financial and business skill
psc financial and business skill
psc financial and business skill exam 2024
psc financial and business skill questions and an
Written for
PSC FINANCIAL AND BUSINESS SKILL
PSC FINANCIAL AND BUSINESS SKILL
Seller
Follow
ESCALITothethinker
Reviews received
Content preview
lOMoAR cPSD| 3013804
COMPLETE GUIDE TO PSC
FINANCIAL AND BUSINESS
SKILLS EXAM - DISTINCTION
ACHIEVED (ULAW) EXAM (2023
/ 2024) WITH NGN QUESTIONS
AND COMPLETE 100%
CORRECT VERIFIED
RATIONALIZED ANSWERS
100% GUARANTEE PASS
LATEST UPDATE 2024 GRADED
A+ BY EXPERTS 9ALL YOU
NEED TO PASS YOUR EXAM,S)
,lOMoAR cPSD| 3013804
, lOMoAR cPSD| 3013804
Q1 Part A)
Unspecified investments
Bank / building society accounts
Cash ISA
Land
Options over land
National savings products (including premium bonds)
Commercial borrowing
Occupational pensions
Is there a specified activity? (Choose 3)
Specified activities are those activities specified as such by the RAO.
“The work undertaken by the firm in [REAL ESTATE] is likely to involve the following specified activities:”
Investment-related Activities
Arranging deals in investments (Art 25)
This applies where a solicitor makes arrangements for another person to deal in a
security and/or relevant investment.
To deal means buying or selling for consideration.
Arranging includes either:
Bringing about deals (e.g. filling out stock transfer form); or
Making arrangements with a view to deal (e.g. introducing the client to a stockbroker / financial advisor)
APPLY
Advising on investments (Art. 53)
This applies where a solicitor advises a client on the merits of dealing in a particular investment, where investment
means securities and/or relevant investments
To deal means buying or selling for consideration.
The advice must be specific; generic advice will not be caught.
APPLY
Managing investments (Art. 37)
This applies where a solicitor manages assets where:
The assets are securities or contractually based investments;
The assets belong to someone else; AND
Sole discretion is exercised by the firm, not the client (i.e. where the solicitor is a trustee of a discretionary trust /
personal representative (executor or administrator of a will))
APPLY
Safeguarding AND administering investments (Art. 40)
This applies where a solicitor safeguards AND administers assets which:
Are securities or contractually based investments; and
belong to someone else
Safeguarding means controlling the assets (i.e. possessing physical custody of the asset, e.g. obtaining share
certificates)
Administering means doing something else such as collecting income / dividends or proxy voting
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ESCALITothethinker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.19. You're not tied to anything after your purchase.
