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GRIP Investments Ltd is a legally registered UCIT operating out of Cyprus. They decide to invest in money market instruments in France. What is the maximum percent of assets they can invest?
Alligator FX a CIF has decided to establish a branch in Belgium, in order to do this they must provide CySEC with all of the following information except?
How many directors are required by CySEC to constantly run the daily operations of a CIF and be part of senior management?
CySEC has the power to withdraw a CIF authorization based on certain circumstances such as: Providing false or misleading information during the authorization process. Which of the following is not considered a circumstance for withdrawal?
A Cyprus AIFM has outsourced a German company for a certain function, this 3rd Party company has sub-delegated this function to a 4th party in the UK. Which regulator needs to be informed?
A UCIT has invested in OTC derivatives, the market order is of average size, to whom must the UCIT report the order?
Company X has made a capital acquisition of Company Y. At what level must Company X report the acquisition to CySEC?
Sailor Fx has had its authorization withdrawn, within what time frame must they settle their obligations?
Topline Investments has decided to hire Marianna as an executive director based on her proven work experience in the field. But she cannot be appointed, what is Topline Investments waiting for?
When implementing an AML policy, which of the following statements is/are correct?
1. All clients should be high-risk
2. All non face to face clients are high risk
3. Face to face clients are low risk.
4. All clients from a specific country can be high risk regardless if face to face or not.
CySEC has discovered that an AIFM which is regulated in another member state and is managing a UCIT established in Cyprus has violated a law. What is the action that CySEC must take?
Savine Investments Ltd is a legally registered UCIT operating out of Cyprus. They decide to invest in bonds which have been issued by Deutsche bank. What is the maximum percent of assets they can invest?
Of the following two examples:
a) A newly opened deposit account receives a wire transfer from outside the country.
b) A large cash transaction into a deposit account.
The said transactions might be considered as supicious transactions in what regards?
Emily Investments a VCIC has shares listed on the London Stock Exchange (LSE). At what percent are they expected to intervene to prevent the shares from deviating from their net asset value?
Global Quest FX a CIF recently provided an investment service to an individual client. The firm correctly did not make an assesment of the clients knowledge and exepertise, why?
Within what timeframe after the end of the relevant period is a UCIT obligated to provide a publication of the summarised statement of assets and expenses?
What is the best way to correctly describe the required working relationship between the risk management department of an AIFM and the operating units of an AIFM?
A client of a UCIT has decided to redeem their units, within how many working days must the cash value of the units be paid to the client?
In the case an investment firm offers shares or units of an AIF under a portfolio managmeent agreement, what criteria are to be applied from a regulatory standpoint?
UCITS implement a synthetic risk and reward indicator methodology which is based on the volatility of the fund. The volatility period covered is usually for how many previous years?
According to regulations set out by CySEC, when a CIF deals on own account with regards to a financial instrument this activity is classified as a:
CySEC has the right to impose additional obligations on an Alternative Investment Fund Manager (AIFM) that has been authorized to market to potential investors in Cyprus:
What type of illegal activity is defined by a client suddenly entering and withdrawing large orders?
The compliance/AML function has to carry out sample testing of transactions for terrorism financing, this should be carried out:
It has been observed that a CIFs suitability assessment system is flawed for its intended purpose. The observation is found to be justified in the case where?
Julia is a senior level manager in QWE investments limited. QWE is the issuer of a financial instrument named OKM. If Julias spouse purchases shares of OKM for his personal account at 13:00 on Thursday, the transaction must be published by the latest?
The CBC has obtained sensitive data relating to confidential information, with respect to supervision activities the information was made public. What justification did the CBC have to make the data public?
With regards to money laundering and terrorist financing what is required for a risk-based approach to be effective?
Before granting authorization to a CIF, CySEC must be provided with information regarding the identity of any shareholder who holds at least a minimum of what % of the CIFs of voting rights?
M1 management services Ltd is a management company that manages UCITS in its home state, they have applied to manage a UCITS in Cyprus. CySEC has rejected their application. What is the likely reason for the rejection of M1 by CySEC?
In a firm the first point of contact with regards to The Unit for Combating Money Laundering (MOKAS) is?
In the case where an AIFM whose client an AIF obtains control over a non listed company, whose exercise of voting rights has become suspended. Control can be defined as more than what % of the companies voting rights?
TMNT Capital Ltds Board of Directors has failed to include the compliance officers duties and responsibilites in their report. The omission of these details is:
A CIF operating for 6 months has decided to hire a new director. When will the CIF need to notify CySEC of the hiring?
According to General Guideline 9 – Record Keeping, investment firms need to at a minimum:
When a CIF executes a transaction for a financial instrument on a regulated market, when should the transaction be reported?
CySEC has discovered a foreign IF to be in violation of the stipulated rules and regulations, which of the following actions will CySEC take?
Any person who acquires shares in an issuer exceeding 5, 10, 15, 20, 25, 30, 50, or 75% where voting rights are attached to these shares, an notification
Depending on the nature of their business CIFs should register with the Investor Compensation Fund (ICF). When should a CIF registered with the ICF be obligated to provide full information regarding the funds to their clients?
Which of the following individuals who have a direct relationship with a person effectively managing the operations within an issuer are not obligated to publish all transactions they have made for their own personal account in financial instruments of the issuer?
The management of Jupiter FX has decided to temporarily cease the license for the trading activity that they received. After what period of inactivity must CySEC revoke their license?
John is in posession of data which may be deemed as inside information, however John was able to pass this information to George without breaching or being in violation of any regulations. Why was this possible?
A CIF has 2 clients, Client X and Client Y. The CIF is offering the same investment product to both. They ask Client X if he understands the proposed investment product they also ask Client Y how much of his investment he can afford to lose in one year. Which question is unreliable with regards to suitability?
BountyFX needs to hire 2 dealers and has decided to hire Samantha and Gordan. However only Samantha appears on the public register, before Gordan can be appointed, BountyFX has too?
An internally managed AIF, is calculating how much capital is required by CySEC to perform the operations effectively. How much is required for them to manage a portfolio above and below 250 Million?
A UCIT had an outstanding track record using algorithmic trading to make profitable deals. Unfortuantely the UCIT which is a common fund has now been dissolved, what would be the reason for this?
A VCIC listed in a stock exchange operating in Germany is not required by law to appoint a depositary as long as?