Exam (elaborations)
CMSA Exam Questions with 100% Correct Answers | Verified | Latest Update 2024
- Course
- Institution
CMSA Exam Questions with 100% Correct Answers | Verified | Latest Update
[Show more]
2 reviews
By: yasmindos1 • 1 month ago
Don't buy it
By: calilo80 • 4 months ago
Content preview
CMSA Exam Questions with 100% Correct Answers | Verified | Latest Update"relevant body corporate" means a body
corporate of which an exchange holding company is a shareholder who, either alone or
with any associated person, is entitled to exercise or control the exercise of more than
?% of the aggregate of the nominal amount of all voting shares in the
body corporate. - Correct Answer-33
"capital market services" means any service as specified by the Commission under section 76A, but does not include a regulated activity. Is this correct? - Correct Answer-yes
"capital market services" means any service as specified by the Commission under section 76A, including any regulated activities. Is this correct? - Correct Answer-no The SC has the power to specify any service to be a capital market service. Is this correct? - Correct Answer-yes
A person providing any capital market service shall apply to be
registered under section 76A of CMSA. Is this correct? - Correct Answer-yes
A person needs not to register to provide any capital market service under section 76A of CMSA. Is this correct? - Correct Answer-no
Which is correct? a) "clearing house" means a person whose activities or objects include the provision
of clearing facilities b) "clearing facilities" means a facility whose activities or objects include the provision
of a clearing house - Correct Answer-a)
? in relation to a derivative, means to discharge the obligations of a
person in the long position or short position under a derivative and shall include the
discharge of these obligations as a result of the matching up of
the derivative with a derivative of the same kind under which the person has assumed an offsetting short
position or offsetting long position, as the case may be - Correct Answer-close out
The SC's power to make regulations include the following activities ? - Correct Answer-CMSA 378
Does the Minister have the power to approve a body corporate as a stock exchange or derivatives exchange? - Correct Answer-yes
Who has the power to approve a body corporate as a stock exchange or derivatives exchange, the SC, BNM or the Minister? Such an application for approval shall be first sent to the SC, BNM or the Minister?, whereupon the said party shall submit to the SC, BNM or the Minister? such application together with its recommendation. - Correct Answer-the Minister; the SC; the Minister
"exchange holding company" means a body corporate that is the holding company of any body corporate approved as a stock exchange or derivatives exchange, and that has been approved as an exchange holding company under section 15 of CMSA, but not a body corporate that is the holding company of central depository or approved as a clearing house. Is this correct? - Correct Answer-no
"exchange holding company" means a body corporate that is the holding company of any body corporate approved as a stock exchange, derivatives exchange,
central depository or approved as a clearing house and that has been approved as an
exchange holding company under section 15 of CMSA. Is this correct? - Correct Answer-yes
Who has the power to approve a body corporate as an exchange holding company, the SC, BNM or the Minister? Such an application for approval shall be first sent to the SC, BNM or the Minister?, whereupon the said party shall submit to the SC, BNM or the Minister? such application together with its recommendation. - Correct Answer-the Minister; the SC; the Minister
"foreign supervisory authority" means a foreign authority or any other person
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller professoraxel. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now