Question 1

Following a public subscription, what must a Special Purpose Acquisition Company do with the proceeds?

Options :

A : Deposit not less than 90% of the public subscription proceeds within one business day of receipt

B : Deposit not less than 90% of the public subscription proceeds within two business days of receipt

C : Deposit not less than 100% of the public subscription proceeds within one business day of receipt

D : Deposit not less than 100% of the public subscription proceeds within two business days of receipt

Answer: C

Question 2

When collecting data from official authorities, evaluators of investment fund in-kind shares are required to abide by the principles of honesty, justice and:

Options :

A : confidentiality

B : governance

C : equality

D : prudence

Answer: A

Question 3

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 4

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

Question 5

Why would the Authority board resolve temporarily to halt trading in the shares of any company?

Options :

A : A written complaint is made relating to a market activity

B : A threat to the proper and regular working of that market arises

C : It transpires that the spouse of a board member is a director of that entity

D : It does not have the technical equipment necessary to conduct its activity electronically

Answer: B