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
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PSC FINANCIAL AND BUSINESS SKILL
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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
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
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