Fair Dealing Flashcards
1
Q
Fair contracts
A
The UK Unfair Contracts Terms Act 1997
2
Q
Max award for FOS
A
150,000
3
Q
Broker dealer agent dealing with complaint
A
Send written confirmation to broker supervising the agent
4
Q
Segregation of client money
A
1) Central Bank
2) BCD Credit Institution
3) bank authorised in a different country
4) qualifying money market fund
5
Q
Law of succession
A
Client wanting to pass on assets
to heirs or otherwise make provision for them
6
Q
Non-transactional activities are considered as:
A
- Product design and marketing
- Financial promotions
- Client documentation
- Fair contracts
