100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
QFA Regs - Sample Paper 2 Exam Questions And Answers $11.39   Add to cart

Exam (elaborations)

QFA Regs - Sample Paper 2 Exam Questions And Answers

 8 views  0 purchase
  • Course
  • QFA
  • Institution
  • QFA

ABC Bank plc is established in Germany. It transacts banking business in the Republic of Ireland on a cross-border basis. Being able to provide financial services in this manner to consumers in other EU countries is referred to as: A passporting. B subrogation. C migration. D the common good. -...

[Show more]

Preview 3 out of 25  pages

  • November 4, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • QFA
  • QFA
avatar-seller
DocLaura
QFA Regs - Sample Paper 2 Exam
Questions And Answers


ABC Bank plc is established in Germany. It transacts banking business in the Republic of
Ireland on a cross-border basis. Being able to provide financial services in this manner to
consumers in other EU countries is referred to as:
A passporting.
B subrogation.
C migration.
D the common good. - ANS A

1.2.1

In relation to a financial services firm established in an EU country, the term 'freedom of
establishment' means being able to:
A set up a branch in another EU country.
B provide any type of financial service the firm wishes to provide, without requiring any fresh
authorisation.
C charge different levels of charges to different consumers, without requiring authorisation to do
so.
D provide financial services to consumers in another EU country on a cross-border basis. - ANS
A

1.2.1

Regulation of the continuing solvency and liquidity of established financial services firms is
known as which type of regulation?
A Structural.
B Systemic.
C Prudential.
D Conduct of Business. - ANS C

1.2.3

The Central Bank's Consumer Protection Code is an example of which type of regulation?
A Prudential.
B Systemic.
C Conduct of Business.

,D Structural. - ANS C

1.2.4

The Central Bank does NOT authorise and regulate which one of the following established in
the State?
A Credit institutions.
B Debt management firms.
C Credit intermediaries.
D Retail credit firms. - ANS C

1.3.1

The MAXIMUM fine which the Central Bank can impose on ABC Investment Advisers Ltd, an
investment intermediary, for non- compliance with financial services regulations, is:
A €1 million.
B the greater of €2 million and 5% of annual
turnover.
C the greater of €5 million and 10% of annual turnover.
D the greater of €10 million and 10% of annual turnover. - ANS D

1.3.3

Most authorised credit intermediaries are
A mortgage intermediaries.
B garages offering loans and leasing.
C insurance intermediaries.
D credit card providers. - ANS B

1.4.4

The regulation of unfair, misleading or aggressive commercial practices by financial services
firms is shared between which two institutions?
A The Competition and Consumer Protection Commission and the Director of Corporate
Enforcement.
B The Central Bank and the Department of Finance.
C The Director of Corporate Enforcement and the Central Bank.
D The Competition and Consumer Protection Commission and the Central Bank. - ANS D

1.4.1

Credit intermediaries are authorised by the:
A Competition and Consumer Protection
Commission.

, B Central Bank.
C Irish Banking Federation.
D Irish Credit Bureau - ANS A

1.4.4

A deemed authorised investment intermediary is one which:
A is exempt from authorisation under the Investment Intermediaries Act, 1995.
B is automatically authorised to arrange and/or give advice on any of the retail financial products
covered by the Investment Intermediaries Act, 1995.
C has applied for authorisation as an investment intermediary but has not yet obtained it.
D is restricted to advising only on non- insurance tracker bonds. - ANS B

2.3.1

A deemed authorised investment intermediary is automatically authorised to provide investment
advice on:
(i) shares listed on a Stock Exchange.
(ii) UCITS.
(iii) deposits.

A (ii) only.
B (iii) only.
C (i) and (ii) only.
D (i), (ii) and (iii). - ANS D

2.3.1

An investment intermediary authorised under Section 10 of the Investment Intermediaries Act,
1995, is an intermediary which:
A is exempt from authorisation under the Investment Intermediaries Act, 1995.
B must seek authorisation for each type of retail financial product it wishes to arrange and/or
provide advice on.
C has applied for authorisation as an investment intermediary but has not yet obtained it.
D is restricted to advising only on insurance policies and tracker bonds. - ANS B

2.3.1

An investment intermediary who can arrange deposits for consumers with a range of different
banks is called a deposit:
A intermediary.
B broker.
C agent.
D producer. - ANS B

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 DocLaura. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.39. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.39
  • (0)
  Add to cart