Managers under fsma - Study guides, Class notes & Summaries

HARPC - Answer Hazard analysis and Risk Based Preventive Controls The ultimate goal of managers under FSMA should be to - Answer create a culture of preventive food safety that is well documented, audit-ready and sustainable Risk Factors - Answer Severity of illness, probability of occurrence in abscence of preventive controls Effect of formulation, processing, facilit,equipment, ingredients and intended use Eval of invironmental pathogens for RTE foods exposed to environmen...

Define the FCA Principles for Business (PRIN) - ️️A general statement of the fundamental obligations of all authorised firms under the regulatory system How can firms pay fees in installments? - ️️Via Premium Credit Ltd How is the FCA funded? - ️️By levies on firms which are placed in different fee blocks based on their activities and risks How long can an individual cover for a senior manager in an emergency? - ️️12 weeks How long should firm's keep a record of benefits for...

Active Management - answer-Investment approach employed to generate returns in excess of the market Additional Rate (of Income Tax) - answer-Tax on top of band of income (currently at 45%) Alternative Investment Market (AIM) - answer-Established by LSE (London Stock Exchange) - Junior market for smaller company shares Annual General Meeting (AGM) - answer-Yearly meeting of shareholders - vote dividends, appoint directors and approve financial statements Approved Persons - answer-Empl...

The Financial Conduct Authority (FCA) Questions and Answers 2023 FCA Operational Objectives protection for customers. Protecting and enhancing the integrity of the UK financial system. Promoting competition in the interests of customers. FCA General Powers Granted under FSMA 2000, the FCA can; 1) authorise firms, 2) supervise firms, 3) take enforcement action aginst firms, 4) impose sanctions and disciplinary action 5) make rules to govern authorised firms. The FCA H...

End of Chapter Questions 1-5 - CISI Financial Regulations Chpt 4 Q 16: When do the prospectus advertisements rules apply? (NOTE, not covered in the slides so don't worry too much) - Answer-The prospectus rules apply to offers, or admission to trading, of transferrable securities in respect of which: 1. A prospectus is required under S85 FSMA. 2. Where an election to produce a prospectus has been made under S87 FSMA. Chpt 4 Q 17: When is a firm permitted to undertake an unsolicited c...

PARTNERSHIPS: What is a partnership? s.1(1) Partnership Act 1890 Partnership = persons carrying on business with a view to profit. – May form a partnership irrespective of contrary intention. A partnership is formed once the definition is satisfied, not when a decision to form a partnership is made. Existence of partnerships: s.1(1) PA 1890 No formality is needed to establish a partnership so a partnership can be formed without the specific intent of the parties to form one. s.2(3) ...