Cisi Financial Regulations Exam With Complete Questions And Answers

Exclusions firm authorisation {Ans: Employee share schemes Trustees, nominees and personal reps Overseas persons (only in business is fine through an authorised or exempt UK person) eg dealing in investments as principle}Notice of discontinuance {Ans: A notice of discontinuance will be issued when the RDC decides that no further action is required.}Which body has the power to refuse an application for Part 4A permission or cancel and existing permission? {Ans: The RDC}FOS {Ans: Role: administer and operate dispute resolution for clients of FCA-authorised firms}Once a prospectus prepared under the Prospectus Directive by a UK issuer has been approved: {Ans: The issuer can market their securities throughout the EU The Prospectus Directive allows an issuer to passport prospectuses throughout the EU, enabling them to raise capital from the investors of each state. The prospectus will have been approved by the FCA, so there is no need for further application to the UK Listing Authority}Which ONE of the following needs to be included in a firm's order execution policy? {Ans: The firm must include details of the execution venues that consistently achieve the best possible results for their clients.}