CISI Exam Sample Paper | Questions with 100% Correct Answers | Updated & Verified
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Course
CISI
Institution
CISI
CISI Exam Sample Paper | Questions with 100%
Correct Answers | Updated & Verified
Why does the FCA publish thematic reviews?
A to assess whether a new rule is delivering its intended aim
B when they have identified issues they wish the industry to take note of
C in order to provide an update o...
CISI Exam Sample Paper | Questions with 100% Correct Answers | Updated & Verified Why does the FCA publish thematic reviews? A to assess whether a new rule is delivering its intended aim B when they have identified issues they wish the industry to ta ke note of C in order to provide an update on what the FCA has delivered D to explain their future role and priorities - ✔✔A to assess whether a new rule is delivering its intended aim In granting authorisation to a firm under its threshold conditions , which of the following BEST describes how the FCA addresses a firm's application? A It compares the firm's application against the specific threshold conditions B It considers whether the firm satisfies and will continue to satisfy the threshold co nditions C It provides a statement of objectives under the threshold conditions, which the applicant firm is expected to meet D It examines the application against its own threshold conditions regarding the suitability of the applicant firm - ✔✔B It considers whether the firm satisfies and will continue to satisfy the threshold conditions 27 When a firm appoints a representative to act on its behalf regarding financial promotions, what FCA rules, if any, apply? A Any business by the representati ve is treated as being undertaken by the authorised person B The representative is not an authorised person so cannot be subject to specific Conduct of Business promotion rules C The representative is treated under the same regime as a client acting as an eligible counterparty D The rules apply for third party prospectuses in respect of MiFID business only - ✔✔A Any business by the representative is treated as being undertaken by the authorised person 19 What is the purpose of a Super Complaint ? A To generate what is known in the USA as a "class action" B To enable customers to seek higher than normal payouts C To enable consumer organisations to raise complaints with the Financial Conduct Authority D To take the complaint to the hig hest level of authority within a company - ✔✔C To enable consumer organisations to raise complaints with the Financial Conduct Authority 28 Following the UK's withdrawal from the EU, UK firms lost their ability to access the EU market on the basis of 'p assporting'. How can UK firms seek to access the EU market now? A By pre -approval from the FCA B Using access regimes for third countries C By direct application via the PRA D H M Treasury provides an access channel to EU markets - ✔✔B Using access regimes f or third countries 41 When a firm communicates a financial promotion via an appointed representative, what Conduct of Business rules apply? A Financial promotion rules prohibit appointed representatives communicating with clients regarding designated investment business
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