Cisi regulations Study guides, Class notes & Summaries

CISI UK REGULATIONS (Unit 1) Questions and Answers.

Chapter 1 - CISI Financial Regulations questions with correct answers

The Regulatory Environment: UK Financial Regulations CISI questions with correct answers

CISI Regulations questions with correct answers

This document has everything that you need to know to pass your CISI Corporate Finance Regulations Exam, which a lot of bankers have to take at the start of their finance careers. It includes all the key regulatory rules as well as additional notes based on the questions that come up in the exam.

A firm engaging in a transaction triggered the COBS requirement to display proof of appropriateness for the transaction because the client: - Answer Engaged in execution only trades Appropriateness is for non-advised trades and protects both professional and retail clients. The most likely factor to trigger the requirement to assess appropriateness is the execution only service, specifically when relating to a complex product. Examples of client money - Answer Interest earned on client...

How many days do clients get to cancel an OEIC investment (when they receive a cancellation notice)? (Chapter 4) - Answer 14 How long should MiFID client confirmation copies be kept? (Chapter 4) - Answer 5 years How long should non-MiFID client confirmation copies be kept? (Chapter 4) - Answer 3 years How long should pension transfer cancellation records be kept? (Chapter 4) - Answer Indefinitely How frequently should valuation statements be provided to retail clients? (Chapt...

How many times do FPC meet annually? - Answer 4 Until what date can EEA firms still passport to UK? - Answer 31 March 22 How long can the regulator take to reach a decision over Part4A permission? - Answer 6 months How many years of employment history is required under SMCR Fit and Proper Test? - Answer 6 years Within how many months must those conducting activities for RCs demonstrate exam success? - Answer 30 months How many hours of CPD must those conducting activitie...

Financial Services and Markets Act (FSMA) - Answer The legislation that established the Financial Services Authority, and empowered it to regulate the financial services sector. The Act has subsequently been amended by the Financial Services Act 2012 to create the twin peaks approach of regulation in the form of the FCA and the PRA What are the two core purposes of the Bank of England? - Answer 1. Monetary Stability - meaning up-keeping confidence in the currency and keeping prices stable...

CISI Regulatory exam FSAP - Answer-Financial services action plan - creates and implements directives on an EU level. Aims to harmonise financial services rules across EU. Includes EU directives (to be implemented into national law) and EU regulations (binding on member states) FSAP directives - Answer-Market Abuse Directive Prospectus Directive MiFID Money Laundering Directive What must EU members do with FSAP directives - Answer-Directives must be implemented and transposed into na...