Cisi uk - Study guides, Class notes & Summaries

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 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 co...

CISI,, UK FINANCIAL REGULATION 1. UK Takeover Code 6 General Principles: - All shareholders given equal treat- ment and protected - Shareholders given sufficient time and information to decide - Board of target to act in best interests of company as a whole - False markets must not be created - Predator to make a bid only after ensuring they can meet cash requirements of bid - Target company not to be hindered in its business affairs for any longer than is necessary

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 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 con...

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...

CISI Unit 1 - UK Regulation Who does the FCA report too? - Answer-HMT Who does the PRA report too? - Answer-The BOE Who did the PRA and FCA replace? - Answer-The FSA, as of the FSA2012 FCA's Strategic Objective - Answer-Make sure relevant markets function well FCA's Operational Objectives - Answer-Appropriate protection, integrity of financial system, effective competition PRA Objectives - Answer-Promote safety and soundness of financial system, avoid instability, minimize ad...

CISI UK Financial Regulation AML - Answer-Anti-Money Laundering BIPRU - Answer-Prudential sourcebook for banks, building societies and investment firms CASS - Answer-Client assets CFT - Answer-Combatting the financing of terrorism COBS - Answer-Conduct of Business Sourcebook COCON - Answer-Code of conduct for staff sourcebook COLL - Answer-Collective investment schemes COMP - Answer-compensation COND - Answer-Threshold conditions DEPP - Answer-Decision procedure and...

UK Regulation & Professional Integrity Max punishment for Money Laundering - Answer-14 years Max punishment for Market Abuse - Answer-unlimited fine Max punishment for breaching gen prohibition - Answer-2 years Max punishment for providing funding to terrorists - Answer-5 years CISI P8 - Answer-Industry, Self: uphold highest personal & professional standards CISI P1 - Answer-Client: act honestly & fairly at all times when dealing with clients, act in best interests of each clie...

CISI Financial Regulations 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...