Exam (elaborations)
BTF ICAEW exam 2024 | Questions with 100% Correct Answers |Verified
- Course
- Institution
BTF ICAEW exam 2024 | Questions with 100% Correct Answers |Verified
[Show more]
Content preview
BTF ICAEW exam 2024 | Questions with 100%Correct Answers |Verified
What is the CMA responsible for? - ✔✔- investigating mergers which could restrict
competition
- conducting studies into markets where they may be competition problems
- investigating potential breaches of the Competitive Act 1998
- bringing criminal proceedings against cartel offences
- enforcing consumer protection legislation
- encouraging regulators to use their competition powers
- considering regulatory references and appeals
What are the penalties for anti-competitive behaviours? - ✔✔- CMA can enter premises and
demand relevant documents to establish whether breaches made
- Can impose a fine for failure to comply of up to 5% of annual revenue
- Adverse publicity
- Competition Disqualification Orders may be made against directors
How are externalities regulated? - ✔✔- price regulations (min or max selling prices)
- taxation or tariffs
- subsidies to suppliers (to encourage exports)
- quotas (physical limits on output), standards and fines
What is viewed as market abuse? - ✔✔- insider dealing
- manipulating transactions (misleading info on supply, prices etc)
- manipulating devices
- dissemination (giving out false information)
, - distortion and misleading behaviour
What is market abuse? (according to the Code of Market Conduct) - ✔✔behaviour which
occurs in relation to qualifying investments trading on a prescribed market, securities listed on
the London Stock Exchange
What is insider trading? - ✔✔- improper disclosure
- misuse of information
What does the Market Abuse Regulation do? - ✔✔- extending insider dealing
- creating a 'market soundings' framework
- extending market manipulation rules
- making certain transactions exempt from rules
- placing obligations on organisations
What is fraudulent trading? - ✔✔Where a business is carried on with intent to defraud
creditors of the company or for any fraudulent purpose.
What is wrongful trading? - ✔✔Where an insolvent company knew that there was no
reasonable prospect of avoiding insolvent liquidation or where the director took insufficient
steps to minimise the potential loss to creditors
What reasons may lead to the disqualification of a director? (9) - ✔✔- insider dealing
- fraudulent or wrongful trading
- violating competition laws
- an offence in connection with the promotion, formation, management or liquidation of a
company, or management of a company's property
- directing an insolvent company
- being unfit to act as director
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 or Stuvia-credit 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 Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now