Brainscape's Knowledge GenomeTM

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


See full index

CMFAS 4A > CMFAS 4A > Flashcards

CMFAS 4A Flashcards

1
Q

What listing and/or continuing listing requirements apply to a company that is seeking secondary listing on the SGX-ST Mainboard, if it has a primary listing on a Developed Market?

A

I, Maintain its primary listing on the Developed Market on a continuing basis
III, Meeting all listed criteria prescribed in the Listing Rules (except those on moratorium of promoters’ shareholding)

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

A listing applicant which is a foreign company with a 1-year operating track record and a market cap of $250M may apply for a listing on a continuing basis

A

SGX-ST Catalist

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

A listing appication which has been operating for two years has a market cap of S$10M may apply on

A

SGX-ST Catalist

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

A foreign issuer must have at least ____ independent director/s resident in Singapore for SGX Catalist listing

A

2

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

An applicant that is seeking listing on Catalist must satisfy which of the following listing criteria

A

I) Engage a sponsor who must provide a confirmation to SGX-ST that the applicant is suitable for listing
II) Settle all debts owning to the applicant and its Group by its directors, substantial shareholders and companies controlled by the directors and substantial shareholders prior to listing
III) Must have at least 2 non-executive directors who are independent and free of any material business or financial connection with the applicant

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Which of the following persons are subjected to the moratorium requirements as set out in the SGX-ST Mainboard has acquired their shares less than 12 months preceding the date of the listing application. When can the controlling shareholder dispose of their shares

A

I) Controlling shareholders of the issuer
II) Investors who are connected to the Issue Manager or Catalist Sponsor (Except in the certain circumstances)
III) Investors who acquired and paid for his shares less than 12 months before the date of the listing application
IV) Executive directors of the issuer with an interest in 5% or more of the issued share capital

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

A controlling shareholder of an issuer who is listed on the SG-ST Mainboad has acquired their shares less than 12 months preceding the date of the listing application . When can the controlling shareholder dispose of their shares?

A

6 months after the listing of the issuer

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

Which of the following are steps that an issuer must take before its IPO of shares can be listed on the SGX-ST Mainboard

A

Obtain the eligibility-to-list (ETL) letter from SGX
Register the prospectus with MAS
Lodges the prospectus with MAS for posting on Opera to seek public comment on the prospectus

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

In general, MAS will register a prospectus

A

between 7 to 21 days (both days inclusive) from lodgement

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

For an IPO of shares to be listed on the SGX-ST Catalist, when must the issuer appoint a sponsor

A

During the preparation stage

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

When a reverse take-over is not completed or rescinded, which of the following information must the listed issuer immediately announce via SGXNET?

A

I, Reasons for the non completion
II, Financial impact of the non completion
III, Possible courses of actio to protect the interests of its shareholders

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

What is the mi offering period for an IPO on the SGX ST

A

2 market days

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

Who will be reliable under the Securities and Futures Act SFA if the offer doc for an offer has errors

A

directors of issuers

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

Directors are responsible for the accuracy of the prospectus… However, it is a defense if

A

all of the above

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

If supplementary document is lodged with the MAS, the person who lodges the doc

A

take responsible steps to inform potential investors of such lodgement and make available the supplementary doc to them

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

Under what circumstances can MAS not serve a stop order

A

I) When any of the shares tow hich the prospectus relates have been issued and sold
II) When the shares have been listed on a securities exchange
III) When trading in the shares has commenced

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

If a prospectus is found to contain false info, MAS

A

might serve a stop order

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Before the units of a Business Trust BT are registered with the SGX-ST, BT is required to resolve conflicts of interest… who is not a interested person of the BT

A

external auditor of the trustee manager of a BT

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

How should the issue manager respond when there are concerns with the character and integrity of one of the directors of the issuer

A

Consult with SGXT-St before submitting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

The following persons are responsible if prospectus contain false or misleading statement

A

I) person making the offer

ii) the proposed director of the company making the offer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Which of the following Investment Funds, denominated in foreign currency, is eligible to seek listing on SGX ST

A

25M and 5 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Can price stabilisation be conducted in connection with an IPO

A

Yes provided that the stabilisation actions are taken in accordance with the conditions prescribe in the SFA

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

An issuer has its equity securities listed on the SGX-ST, If the listed issuer wishes to list debt securities on the SGX-ST, what document must the issuer include in the listing application to SGX-ST

A

I) constituent documents of the issuer
II) Mortgage indenture or equivalent instrument certified by the Trustee
III) Trust Deed and a checklist showing compliance with the requiremetns of the SGX-ST listing

24
Q

A listed Issuer must ensure which of the following groups of people are familiar with SGX-ST’s disclosure requirements and corproate disclosure policy

A

Its directors and executive officers

25
Q

SGXT-ST May grant a trading halt to enable disclosure of material information .. a trading halt will last at least ___ and cannot exceed ____

A

half an hour; 3 days

26
Q

What is true abt financial reporting obligations of listed issuer

A

a listed issuer with a market cap of above 75M at listing is required to undertake quarterly financial reporting

27
Q

A Mainboard issuer must prominently include in all announcement and shareholders’ information docs disclosure on the issue managers who sponsored the IPO for

A

2 years

28
Q

A director of a listed issuer may participate directly or indirectly in the issuer of equity securities if

A

the issuer agreed on a pro rata basis to shareholders

29
Q

Where can a general mandate for the issuance of equity securities be obtained from

A

shareholders by ordinary resolution at a general meeting

30
Q

A listed issuer may purchase its own shares if it has obtained the prior specific approval of the ____

A

shareholders

31
Q

ABC Limited, a company listed on the Mainboard, proposes to acquire property from its CEO. The value of the transaction is more than 7% of ABC Limited’s group latest audited net tangible assets. Which of the following requirements have been triggered under Chapter 9 of the Listing Manual?

A

Announcement and shareholders’ approval requirements

32
Q

Which of the below are factors that SGX-ST will consider in determining whether an acquisition would alter the risk profile of Premium LT, which is a Listed Issuer

A

Change in ownership control of Premium Ltd

Expansion of Premium Ltd’s business coverage to the F&B sector

33
Q

WHich of the following information must be contained in an Annual report

A

Corproate Governance Practices and Internal Controls

34
Q

Which of the following persons is considered a substantial shareholder of a listed issuer

A

A person with deemed interest in minimum of 5% of the voting shares in the listed issuer, excluding treasury shares

35
Q

Under the SGX-ST listing rules, which of the following event may result in delisting of a listed issuer

A

I) listed issuer remained on the watch-list under part V of Chapter 13 of the Mainboard Listing Manual for more than 24 months
II) Listed Issuer has insufficient free float
III) Listed Issuer voluntary delist itself
IV) Listed Issuer becomes a cash company and unable to meet requirements listing within 12 months

36
Q

VIP is a listed company byt recently asset only has cash. What now

A

suspended

37
Q

The burden of proof for establishing a civil penalty against an offender of a market misconduct provision is ______ that for prosecuting the offender for a market misconduct offence in a criminal proceeding which leads to criminal sanctions

A

lower than

38
Q

Which of the following is NOT one of the steps involved in money laundering

A

Transfer

39
Q

What are the stages of money laundering

A

placement, layering and integration

40
Q

which of the following regarding Terrorist Financing is true

A

sources of terrorist financing may be legitimate or illegitimate

41
Q

Sources of terrorist financing are ___

A

not always illegitimate

42
Q

sources of terrorism financing may be derived from

A

kidnapping, extortion, donations and sale of publications

43
Q

The statutory obligations and prohibitions relating to prevention

A

everyonne in singapore

44
Q

Money laundering is an offence in SIngapore under the

A

Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act

45
Q

What is the international body that sets standards for the prevention of financial crimes

A

Financial Action Task Force

46
Q

Which of the key anti-money laundering legislation in Singapore that criminalised the laundering benefits derived from drug trafficking and other serious crimes

A

CDSA

47
Q

which is not consdered a designated person under MAS Notice on Iran

A

a government with diplomatic ties to the goverment of Iran

48
Q

the minimum period of retention of financial transaction documents is __ years after the day the account is closed

A

5

49
Q

Suspicious Client wanna open account.. what to do

A

enhance DD and put Mr. X on an annual review cycle

50
Q

If the screening result of a customer is a positive hit against sanctions list, what should the CMS Licenses Holder do

A

I< Freeze the funds and assets of designated persons and report promptly to relevant authorities

51
Q

where would you lodge a suspicious transaction report

A

at the Commercial Affair Department of Singapore Police Force with a copy to MAS

52
Q

when a suspicious transaction arises, an investigation and the suspicious transaction report should be filed within____days to the commercial affairs department of the police, as well as extend a copy of the report to MAS

A

15

53
Q

What do you call the offence of disclosing information to anyone of his being investigated for an offence

A

tipping off

54
Q

What consequences must a trading member and its trading rep face if found guilty of tipping off

A

regulatory sanctions
reputational loss
loss of business

55
Q

representative must have training at regular intervals to remind themselves of their responsibilities to combat money laundering and be informed of new development. Refresher training should be held at least once every

A

year

CMFAS 4A (5 decks)

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