Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Finance And Administration > C9 - Regulation And Supervisjon Of The Offshore Services Sector > Flashcards

C9 - Regulation And Supervisjon Of The Offshore Services Sector Flashcards

1
Q

Primary legislation

A

FSMA, FSC

Regulation powers:
Enforce and sanctioning powers
Supervise adherence go jurisdictions calls
Fit and proper test - integrity, structure, resources, financial standing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Secondary legislation

A

Additional, detailed requirements
Codes of practice
Guidance - jurisdiction requirements

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Data protection

Personal

A

Opt in
Social media
Identity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Data protection

Personal sensitivite

A

Medical
Explicit
Political
Religion

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Data protection

Principles

A 
R - rights
U - unsecured country
L - length of time
E - excessive
P - purpose
A - accurate
L - lawfully obtained
E - environment
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

International bodies

Role

A

Standard settlor for securities markets

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

International bodies

Objectives

A

Protect investors
Fair markets
Reducing systemic risk

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

International bodies

Principles

A

Regulator
Self-regulator
Securities regulation
Issues

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Insider dealing

Offences

A

D - dealing
E - encourage
D- disclosure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Insider dealing

Defences

A

P - profit not expected
D - disclosed
D - dealt anyway

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Insider dealing

A

P - particular
S - specific
P - private
S - significant price move

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Insider dealing

Penalty

A

7 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Retail distribution review

A

Intended to raise standards investors can expect

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Retail distribution review

Benefits

A

Understand advice service

Independent advice is independent

Advisor not influenced by commission

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Retail distribution review

Elements

A

Advisor charging - transparent

Independent advice - clear

Professionalism - respect individuals

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

U.K. Regulation

Fca

A

Successor of fsa objectives:

Consumer protection
Integrity
Competition

17
Q

Fca 10 supervision principles

A 
Consistent messages
Communicate openly 
Robust
Judgment approach 
Fair outcome
Focus on big issues
Firms act in right spirit
Individual accountability
Examine business models and culture
Forward looking and pre-emotive
18
Q

Fca 11 principles for business

A 
Skill card and diligence 
Management and control
Financial prudence
Market conduct
Customer interest
Client communication 
Conflicts of interest
Customer relationship with regulator 
Integrity
Client asset 
Relationship with regulator
19
Q

Supervision pillars FCA

Firm

A

Systemic framework

20
Q

Supervision pillars FCA

Event driven

A

Unforeseen problems

21
Q

Supervision pillars FCA

Issues and products

A

Sector that may put clients at risk

22
Q

Market abuse

Insider dealing

A

Insider deals/attempts to deal in qualifying investment on basis of diner info relating to investment

23
Q

Market abuse

Improper disclosure of insider info

A

Insider disclosures info to another, other than in proper course of exercise

24
Q

Market abuse

Misuse of info

A

Behaviour based on info that’s not available to those using market but would, if available to user, be relevant to decision about terms in which to deal

25
Q

Market abuse

Manipulating transactions

A

Effecting transactions/orders to trade which may give false/misleading impression as to supply of or demand for investment/secure price of investment st abnormal/artificial level

26
Q

Market abuse

Manipulating devices

A

Effecting transactions/orders to trade which employ fictious devices/any for if deception/contrivance. Spreading/misleading info with view to increase price of shareholding and giving false impression of share price

27
Q

Market abuse

Dissemination

A

False/misleading impression about investment by person who knew info was false/misleading

28
Q

Market abuse

Distortion and misleading behaviour

A

Regular user market false/misleading impression as to supply of or demand for investment or that otherwise distorts the market in an investment

Finance And Administration (19 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions