100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Complete guide to PSC financial and business skills exam - Distinction achieved (ULaw) R244,67   Add to cart
Quickly navigate to
Preview
  2.  
  3. PSC Financial And Business Skills
  4.  
  5. PSC Financial And Business Skills
  6.  
  7. PSC financial and business skills

Exam (elaborations)

Complete guide to PSC financial and business skills exam - Distinction achieved (ULaw)

6 reviews
 786 views  71 purchases
  • Course
  • PSC financial and business skills
  • Institution
  • PSC Financial And Business Skills

Complete exam guide for University of Law PSC Financial and Business skills. Provides a step by step structure for each questions and example questions. I received a distinction.

Preview 1 out of 24  pages

Document information

  • August 3, 2023
  • 24
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • financial
  • business
  • fsma
  • regulated activities
  • guidance
  • psc
  • exam
  • notes

Written for

  • PSC financial and business skills
  • PSC financial and business skills
  • PSC financial and business skills
All documents for this subject (15)

6  reviews

review-writer-avatar

By: martinradanov • 3 months ago

review-writer-avatar

By: amyshafto88 • 2 months ago

review-writer-avatar

By: ilincatoderita • 2 months ago

review-writer-avatar

By: eyyubhanerdem • 5 months ago

review-writer-avatar

By: tiamcandrew • 5 months ago

review-writer-avatar

By: shanastephany • 6 months ago

Seller

avatar-seller
amywebster1

Reviews received

Content preview

Question 1: The General Prohibition – S.19 FSMA (16
Marks/30mins)
PART A: IS A REGULATED ACTIVITY BEING CARRIED OUT?
S.19 FSMA: No person may carry on a regulated activity in the United Kingdom, or purport
to do so, unless he is authorised or exempt.
1. Is the firm of solicitors in business? Always yes.
A regulated activity must be “carried on by way of business”. The firm is in business because
it is providing a service to a client.
2. Is there a specified investment? What category do they fall within?
Specified Investments for FSMA purposes
Securities Relevant investments
 Stocks and Shares  All insurance contracts
 Bonds and debentures  Options
 Guilts  Futures
 Warrants  Contracts for difference
 Shares in investment trusts  Rights under funeral plan contracts
 Units in unit trusts and shares in an
OEICs
 Personal and stakeholder pensions
 Government stock
 Equities
 Stocks and shares ISA
Regulated mortgage contracts Contractually based investments
 Mortgage contracts IF 40% of the  Qualifying contracts of insurance:
area of the property is used for whole life (insurers for the whole
residential purposes life), endowment (guaranteed
Regulated home finance transactions payout on a fixed date) and
 Home reversion plans (equity annuities (individual pays a capital
release) sum to an insurance company in
 Home purchase plans return for income payments for the
 Regulated sale and rent back rest of their life)
agreements  Options
Consumer credit/hire agreements  Futures
 Consumer loans  Contracts for difference
 Credit cards  Rights under funeral plan contracts
 Buy now pay later schemes
Not specified investments for FSMA purposes
 Cash – bank accounts, proceeds of sale, cash ISAs
 Land
 Unregulated mortgage contract (e.g. commercial property)
 National savings products (incl. premium bonds)
 Chattels
 Commercial borrowing
 Occupational borrowing
 Options over land

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller amywebster1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R244,67. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R244,67  71x  sold
  • (6)
  Buy now