Cisi chapter 4 - Study guides, Class notes & Summaries

CISI REGULATIONS EXAM CHAPTER 1 Final Exam Study Questions with COMPLETE SOLUTIONS (LATEST 2024] Where does the FCA get the power to perform their regulatory role? - CORRECT ANSWER FSMA 2000 Who regulates Banks in the UK? - CORRECT ANSWER The Bank of England Who funds the FCA via contributions? - CORRECT ANSWER Firms authorised under the Financial Services and Markets Act 2000 Who develops and executes the governments public finance and economic policy? - CORRECT ANSWER Her majesty'...

CISI Investment Risk and Tax Planning - Chapter 1 1. Why should you hold cash?: - Liquity (instant access) for planned spending or emergency funds - Safe since capital is unlikely to be lost since there is no captial gains and interest is paid so you get real return 2. What is the interest rate ?: Interest is a percentage of funds deposited - higher the deposit , higher the rate 3. Types of interest rates?: Fixed or Variable interest rates 4. Difference between Gross and Net Interest: Gro...

CISI UK financial regulations (certs) Chapter 4 Define COBS - Answer-Conduct of business soucrbook (COBS), are set of rules which investment firms should follow that are subject to MiFID and those that are not What firms are subject to COBS - Answer-Firms that operate in the UK, or have an appointment representative who are domiciled in the UK. Also applied to firms that deals with UK based clients What firms are exempt from COBS - Answer-Investment research and personal account dealing...

End of Chapter Questions 1-5 - CISI Financial Regulations Chpt 4 Q 16: When do the prospectus advertisements rules apply? (NOTE, not covered in the slides so don't worry too much) - Answer-The prospectus rules apply to offers, or admission to trading, of transferrable securities in respect of which: 1. A prospectus is required under S85 FSMA. 2. Where an election to produce a prospectus has been made under S87 FSMA. Chpt 4 Q 17: When is a firm permitted to undertake an unsolicited c...