CySEC Basic Mock 4

In which of the following incidents below can a person who has inside info disclose the same to another person?

Apart from distribution, redemption and repurchase dates, as a MINIMUM MUST the assets of an AIF be valued?

Thermal FX got their license from CySEC three years ago but has NOT provided any investment services or activities for the last 6 months. The firm faces which of the following consequences?

Why has it been deemed important for market operators to ensure their systems for order pairing execute transactions fairly?

CySEC will inform applicants of their decision with regards to whether they have been approved to provide professional investment services within:

An AIFM is planning to make an application for authorization. It offers a capital guarantee from a credit institution, what is the maximum permitted percentage of the total capital subject to this guarantee?

A market operator has decided to make changes to the ownership levels of persons with significance influence, within how long MUST CySEC issue notification of its decision to permit or prohibit the changes?

What is the MINIMUM number of directors a CIF must have among its management?

A foreign firm has been discovered to carrying out an act contrary to EC regulations, the firm is not subject to CySECs supervision. CySEC notified the competent authority of the relevant member state, what other action MUST CySEC take?

In the case where a firm provides investment advice which is based on a selection of financial instruments, the firm would be required to ensure which of the following?

AIFMs have an obligation to manage any potential conflicts of interest that may arise, which of the following is a common method used to manage these risks?

In the case where a CIF has failed which of the following will occur?

Jimmy works for a company in he gained access to confidential information, he should have known that this was inside information but assumed it was not. This means that Jimmy:

On which of the following customers must enhanced due diligence ALWAYS be taken?

A CIF has accepted documents created and signed by Bambos wife and brother as proof of identification and verification. Which of the following is correct?

A regulated market can also be referred to as?

Which of the following persons, Law 87(I)/2017 does not apply to:

Possible CySEC fines to a firm can fall under which of the following risks?

In accordance with the law 87(I)/2017, providing misleading information to CySEC can carry a penalty of

A company with a license to provide investment advice and holds clients funds needs a capital of:

Units in a Collective Investment Undertaking are classified as:

A qualifying holding is defined as:

When a CIF or IF wishes to establish a branch in Cyprus, they need to:

A CIF authorization can lapse within _____ months if the company does not use its authorization.

All CIF licenses which have been revoked should be reported :

A CIF must inform CySEC of all shareholders who have a qualifying holding within what time frame?

In the eyes of the law, which of the below qualifies as a professional client?

A tied agent cannot:

The minimum capital requirements for a regulated market is?

Issuers can be deemed to be SMEs if

In relation to banks authorized in Cyprus, any recommendation that does not qualify as investment research will be treated as which of the following?

In relation to the Investment Compensation Fund (ICF), when a member decides to cease providing investment services, then the process of withdrawing itself from the fund is to:

If a company is said to possess inside information about a merger of another company, then?

A company’s director sold all of his shares in his own company. The next day, in a closed board meeting, all directors discussed downsizing the firm, which if announced, would cause share prices to fall. Which of the below is true?

Which of the below is correct: A company officer who is in possession of inside information can?

The practice of Front Running ?

Company XYZ has had a formal complaint filed against them by one of its customers. CySEC has the power to collect information, to carry out investigations and can appoint as an investigating officer who of the following?

Following an in depth investigation of Agenta trading Ltd, the investigating officer has discovered some irregularities in the companies business practices with regards to its clients. The investigating officer shall?

A CIF operating in the Republic has decided to restructure their entire operation, in order to implement their new business strategies they have decided to reduce their share capital, in order to do this they must?

Omega Trading Ltd is no longer performing well under the current directors vision. Staff are unhappy and company profits have plunged while the director is consistantly going on vacations. This has prompted the board to appoint a new director. In order for this to happen the CIF must?

A CIF has decided to change its share holdings, this has caused concern at CySEC with regards to the companies sound and prudent management. CySEC feels they must act accordingly to protect the CIF’s customers by taking which of the following measures?

Every CIF authorized in the republic must provide certain information or reports at some point during their trading activities. Which of the following is considered one of those necessary reports?

A market operator in the republic is obligated to implement efficient and effective systems with respect to the detection of market manipulation. Which of the following would not be a requirement for detection?

A VCIC has decided to go public and has had great success in their IPO and is now having its shares actively traded on the Cyprus Stock Exchange it:

It is wise for UCITS to hold their funds in credit institutions as this also invokes customer confidence. However in order to come to an agreement with the credit institution the UCITS will require which of the following?

UCITS undertake various financial security investments in order to gain profits. However in doing so they must base allocation of these funds on the required risk management approach. When entering into an OTC derivative transaction with a counter party that is not a credit institution what is the amount of capital (%) that shall not be exceeded?

CySEC may choose not to provide information or co-operation with regards to an investigation if which of the following situations were to occur?

Which one of the following would be considered a financial instrument: that can be traded?

Which of the following activities or services undertaken in relation to a financial instrument is considered to be an Investment activity?

When CIF authorizations, rejections and revocations occur they should be communicated to ?