Question 1

Which of the following is one of the prescribed financial activities for which the Authority can issue a license?

Options :

A : Analysis

B : Promotion

C : Corporate planning

D : Risk management

Answer: D

Question 2

Under what circumstances must licensed entities provide the Authority with copies of appropriateness reports issued to clients?

Options :

A : Routinely on a monthly basis

B : Routinely on a quarterly basis

C : Only if a complaint is made

D : Only if requested by them to do so

Answer: D

Question 3

If an error in the final cash settlement price of an equity index comes to the attention of the Exchange more than 30 minutes after the publication of the final cash settlement price, what happens?

Options :

A : No correction will be made

B : The provider will correct it

C : It will be re-determined

D : Liability is apportioned

Answer: A

Question 4

If the perpetrator of a money laundering crime is a repeat offender, what impact does this have on the minimum fine compared to a first offence?

Options :

A : It is increased by 50%

B : It is doubled

C : It is tripled

D : It is quadrupled

Answer: B

Question 5

The compliance regulation guide, submitted by an applicant for a license from the Authority, must set out procedures and mechanisms which will ensure that the compliance officer:

Options :

A : is able to suspend operations in an emergency

B : can appoint a deputy during an unplanned absence

C : has access to sufficient resources

D : can report confidentially to the regulator

Answer: C