Last Updated: Sep 06, 2025
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1. Anyone who notifies or warns a person in relation to suspicions, or reveals any transaction under review in relation to suspicions, is guilty of:
A) money laundering
B) tipping off
C) layering
D) collusion
2. The disclosure of a licensed body's legal status, including the fact that it is licensed by the Authority, is important because:
A) it enables those that might suffer from perceived or actual misbehaviour at the hands of a firm to raise their concerns with the regulator
B) it allows third party firms to use, utilise, or copy the Authority's logo for any reason and this reassures clients
C) it forces firms to disclose their regulatory status and that they are subject to the Authority's control and supervision
D) it ensures that no clients suffer from perceived or actual misbehaviour at the hands of a firm which is regulated
3. Under what circumstances must licensed entities provide the Authority with copies of appropriateness reports issued to clients?
A) Routinely on a quarterly basis
B) Routinely on a monthly basis
C) Only if a complaint is made
D) Only if requested by them to do so
4. A public joint-stock company is automatically prevented by the regulations from executing a buyback transaction if it:
A) issued shares in a public offer in the last six months
B) was incorporated in the last three years
C) is formally classed as an insurance company
D) has been designated a company of State importance
5. Following a public subscription, what must a Special Purpose Acquisition Company do with the proceeds?
A) Deposit not less than 100% of the public subscription proceeds within two business days of receipt
B) Deposit not less than 90% of the public subscription proceeds within one business day of receipt
C) Deposit not less than 90% of the public subscription proceeds within two business days of receipt
D) Deposit not less than 100% of the public subscription proceeds within one business day of receipt
Solutions:
Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |
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