100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
Summary Finance and Business Summaries (FSMA, Money Laundering, Codes of Business, Referrals, Financial Benefits €12,23
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. Psc
  4.  
  5. Psc
  6.  
  7. Psc

Samenvatting

Summary Finance and Business Summaries (FSMA, Money Laundering, Codes of Business, Referrals, Financial Benefits

1 beoordeling
 85 keer verkocht
  • Vak
  • Psc
  • Instelling
  • Psc

Codes of Business Roles (COLP etc.) Money Laundering Introductions and Referrals Financial benefits

Voorbeeld 2 van de 13  pagina's

Document informatie

  • 19 november 2022
  • 13
  • 2022/2023
  • Samenvatting

Onderwerpen

  • psc
  • finance and business
  • fsma
  • referrals
  • money laundering
  • mlo
  • colp

Geschreven voor

  • Psc
  • Psc
  • Psc
Alle documenten voor dit vak (59)

1  beoordeling

review-writer-avatar

Door: stephennorton60 • 1 jaar geleden

Verkoper

avatar-seller
LPCNOTES2021

Ontvangen beoordelingen

Voorbeeld van de inhoud

QUESTION 1 TEMPLATE
The GENERAL PROHIBITION is that no person may carry on a regulated activity in the UK unless authorised or
exempt (s19 Financial Services and Markets Act 2000 – FSMA). An “authorised person” includes banks, building
societies and insurance companies (as authorised by the Prudential Regulation Authority (PRA)) and stockbrokers,
financial advisers, mortgage brokers and firms of solicitors (as authorised by the Financial Conduct Authority (FCA)).

Solicitors are “exempt” if they can use the s327 FSMA exemption.

STEP 1: Is the firm of solicitors in business?

Yes, providing a service to a client. APPLY TO FACTS (individual client or department)

STEP 2: Is there a specified investment? [ ] = most common to solicitors
- Certificates representing certain securities
- Rights under article 36H agreement (an (article 80)
agreement between a borrower and lender - Units in a collective investment scheme
where the lender provides credit to the (article 81)
borrower of £25,000 or less or the agreement - Rights under a stakeholder or personal
is not carried on for business purposes by the pension scheme (article 82)
borrower) - Greenhouse gas emission allowances (article
- Deposits (article 74) 82A)
- Electronic money (e-money) (article 74A) - Options (article 83) (NB: options over land
- Insurance contracts (articles 3 and 75) not regulated)
o E.g. buildings insurance, legal - Futures (article 84)
expenses insurance, indemnity - Contracts for differences (article 85)
insurance, life policies (whether term - Lloyd’s syndicate capacity and syndicate
insurance, whole life assurance, membership (article 86)
endowment assurance or annuities) - Funeral plan contracts (article 87)
- Shares (article 76) - Regulated mortgage contracts (article 88)
- Stocks and shares ISA - Home reversion plans (article 88A) – Equity
- Instruments creating or acknowledging release
indebtedness (article 77) - Home purchase plans (article 88B) – designed
o E.g. debentures, debenture stock, to purchase a home in a way that is
loan stock, bonds, certificates of acceptable under Islamic Law
deposit. - Regulated sale and rent back agreements
- Alternative finance investment bonds (article (article 88C)
77A) – Islamic equivalent to a bond or debt - Consumer credit agreements (article 88D)
instrument - Consumer hire agreements (article 88E)
- Government securities and public securities - Rights to or interests in investments (article
(article 78) 89)
o E.g. stock, bonds, UK Gilts - Bonds
- Instruments giving entitlements to - Gilts
investments – warrants (article 79) - Unit trusts, OEICs and investments trusts
- Insurance policies
NOT normally regulated, so far as solicitors are concerned
 Building society share accounts
 Bank and building society current and deposit accounts
 Cash ISAs
 National savings products inc. premium bonds
 Occupational pensions
 Land
 Options over land
 Mortgages which are NOT regulated mortgage contracts
 Commercial borrowing

, Categorisation of Specified Investments:

Securities - Shares
- Bonds and Debentures
- Gilts
- Warrants
- Units in a unit trust and OIECs
- Stakeholder and personal pension
Relevant - ALL Insurance contracts (NOT restricted to qualifying contracts of insurance )
investments - Options
- Futures
- Contracts for difference
- Rights under funeral plan contracts (savings plan for funeral)
Contractually - Qualifying contracts of insurance (whole life, endowment and annuities)
based - Options
investments - Futures
- Contracts for difference
- Rights for funeral plan contracts (savings plan for funeral)
Regulated
mortgage
contracts
Regulated - Home reversion plan – equity release scheme
home finance - Home purchase plan – mortgage for islamic law / sharia law
transactions - Regulated sale and rent back agreement – sell your house and give you a lump sum of
cash so you use the house to get money but you do not own the house
Consumer - Lending that is regulated
Credit / Hire - Credits provided to an individual – credit cards, personal loans and hire purchase and
Agreements instalments
- Commercial borrowing – i.e. under £25k for business purposes
- Hire agreements

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, Bancontact of creditcard en je bent klaar. Geen abonnement nodig.

Focus op de essentie

Focus op de essentie

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper LPCNOTES2021. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €12,23. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 63950 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Start met verkopen

Laatst bekeken door jou

Tentamen (uitwerkingen) ·

(0)

IMSA Traffic Signal Technician Level 1 | Questions and Verified Answers 100% Correct | Grade A | 2024 / 2025

Tentamen (uitwerkingen) ·

(0)

Louisiana P&C Insurance Exam Review set one Questions with Complete Solutions| Verified Answers| 2024-25

Tentamen (uitwerkingen) ·

(0)

COLORADO REAL ESTATE STATE PORTION EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+.| latest update 2024/25|

Tentamen (uitwerkingen) ·

(0)

WGU C202 Managing Human Capital Exam Questions and Answers Latest (2023 / 2024) (Verified Answers by Expert)

Tentamen (uitwerkingen) ·

(0)

THE ELECTRICAL NCCER TEST DRIVER'S PERMIT MANUAL TN EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

Tentamen (uitwerkingen) ·

(0)

Edexcel A level Media Studies: Power and Media Industries June 2024 Exam Questions and Answers 100% Pass

Tentamen (uitwerkingen) ·

(0)

ServSafe Exam Comprehensive Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2024

Tentamen (uitwerkingen) ·

(0)

IC3 GS4 Computing Fundamentals (Practice Test Questions) with 100% Verified Solutions Latest 2024 | Rated A+

Tentamen (uitwerkingen) ·

(0)

ICD 9 Medical Coding Complications of Pregnancy, Childbirth, and Puerperium questions and answers rated A+ 2024

€12,23  85x  verkocht
  • (1)
In winkelwagen
Toegevoegd