Other IMC data Flashcards by Ned Kearton

Length of time to keep record for MiFID business

5 years

How well did you know this?

Not at all

Perfectly

Length of time to keep record for non-MiFID business

3 years

How well did you know this?

Not at all

Perfectly

Length of time to keep record for pensions transfers

Indefinite

How well did you know this?

Not at all

Perfectly

MiFID firm Per se professional clients must have two of three

20m EUR balance sheet
40m EUR net turnover
2m EUR in funds

How well did you know this?

Not at all

Perfectly

Non-MiFID firm per se professional clients must have this… or two of three

£5m in called up share capital
or
-12.5m EUR balance sheet
25m EUR net turnover
Average number of employees 250

How well did you know this?

Not at all

Perfectly

Elective professional clients must have two of three

10 transactions a quarter for four quaters
Portfolio of 500,000 EUR
At least 1 year of appropriate work experience in financial services

How well did you know this?

Not at all

Perfectly

Punishment for non-exempt financial promotions not being performed by an authorised person

2 years and unlimited fine

How well did you know this?

Not at all

Perfectly

How long is the period to show past performance over, period (if possible) and intivals

5 years in 12 months

How well did you know this?

Not at all

Perfectly

Cancellation period for life policies

30 days

How well did you know this?

Not at all

Perfectly

Cancellation period for other packaged products

14 days

How well did you know this?

Not at all

Perfectly

Automatic reporting period for retail clients and if requested

6 months and 3 months

How well did you know this?

Not at all

Perfectly

Reporting period for a transaction by transaction report for retail clients

12 months

How well did you know this?

Not at all

Perfectly

Minimum amount of client assets held in a large CASS firm

£ 1 billion

How well did you know this?

Not at all

Perfectly

Range of client assets held in a medium CASS firm

£1 million to £1 billion

How well did you know this?

Not at all

Perfectly

Maximum amount of client assets held in a small CASS firm

£1 million

How well did you know this?

Not at all

Perfectly

A firm must be able to tell a client the total amount of assets they hold for them in …

2 days

How well did you know this?

Not at all

Perfectly

Amount of time you must record keep for life policy or pensions schemes

5 years

How well did you know this?

Not at all

Perfectly

How long does a firm have to resolve a complaint before it gets referred to the FOS

8 weeks

How well did you know this?

Not at all

Perfectly

Conditions for a complaint to be referred to the FOS. Within how many years of the event. Within how many years of customers knowing. within how many months of the companies final response

-6 years
-3 years
-6 months

How well did you know this?

Not at all

Perfectly

Max compensation the FOS can dish out

£375,000

How well did you know this?

Not at all

Perfectly

FSCS (Financial Services Compensation Scheme) if a company gets liquidated

£85,000 per person

How well did you know this?

Not at all

Perfectly

Max punishment for insider trading and misleading information. Both courts

Magistrates - £5,000 fine and 6 months
Crown - Unlimited fine and 10 years

How well did you know this?

Not at all

Perfectly

Market abuse max fine

unlimited

How well did you know this?

Not at all

Perfectly

Firms must seek identification of a new client if the transaction exceeds

EUR 7,500

How well did you know this?

Not at all

Perfectly

Offences under the proceeds of crime act (money laundering). For Concealing/acquiring/assisting. For failure to report/prejudicing an investigation. For tipping off/ making false statements.

- 14 years - 5 years - 2 years

Max punishment for UK Bribery act. Individual then company

- 10 years - Unlimited fine

Conditions for a company not needing a prospectus. Max number of persons. Minimum spend per investor, Max total consideration over 12 months. Max market size.

- 150 - 100,000 EUR - 5m EUR - 10%

High Growth Segment conditions. Size of float, compound growth rate over last 3 years

Free float of 10% 20% compound growth rate of 3 years

Additional conditions for premium list. months of working capital. years of financial statements.

12 months 3 years

Conditions for the standard list. Min value of equities considered. Min value of debt securities. Minimum free float %

£30m £200,000 10%

Aquis Growth Market conditions. Months of reports. percentage free float. months of working capital

24 months 10% 12months

Dislosure and transparency rules reporting frequency. How many months after the end of the financial year. How many months after the midpoint of the financial year.

4 months 2 months

When to have a AGM

Every year within 6 months of the end of the financial year

How often do you vote on a renumeration policy

Every 3 years

Days of notice before AGM

21 days

percentage of vote needed for ordinary resolution. Days it takes

50%. 14

Special resolution percentage of votes needed. Days it takes

75%. 21 days

8 benchmarks of share percentage at which an investor needs to inform the market within 4 business days.

5,10,15,20,25,30,50,75

Benchmark of share percentage at which a person of material interest must make their stake in the company public and the benchmarks thereafter that they have to deliver notice within two business days

3% then every whole number after

Competition Markets Authority have to have a look at a merger if the two companies shares exceed... %of the market or if their turnover exceeds ...

25% and £70m

Time taken for the CMA to conduct an initial study

40 days

Takeover Code TO T14 and T21

- Offer document is accepted and published - Posting of first defence document - Earliest closing date for offer

Takeover Code T39, T46, T60

- Last date for target company announcement - Last date for predator to revise offer - Final closing date of offer

Time after T60 where an unsuccessful predator company cannot make another offer

12 months

Percentage share when a predator must make an offer available to all shareholders of a company. When it is then made unconditional

30%. 50%

Number of days an offer from a predator company remains open after becoming unconditional

14 days

Percentage share when a predator can force the sale of remaining shares in a company

90%

High Net Worth, income and or net investable

£100,000 income and £250,000 net investable

Threshold of debt where creditors can call a creditors petition to get you to court

£5k

Threshold where an Alternative Investment Fund is subject to AIFMD (Directive). Using leverage and not using leverage

- EUR 100m - EUR 500m

Pension Protection Fund cover. % for those who are retired. % for those who are yet to retire

100% and 90%

Take Over Panel Levy, cost and when it applies

£1 for transactions above £10,000

Type of system: SETS

Order

Type of system: SETSqx

Order and Quote

Type of system: SEAQ

Quote (very illquid shares)

Settlement periods, equities then bonds

T+2 and T+1

Time taken for a firm to return client assets upon agreed reconciliation

10 business days

Pensions and life policy promotions, how long do you keep the records

6 years`

How long can past losses be carried forward for CGT reasons?

Indefinitely

How often must the statement of investment principles SIP be redrawn?

Every three years

At what age do tax breaks for pensions no longer apply

75 years olds

Number of business days an investor with material interest has to declare share holdings have crossed a threshold. UK and EU

2 days and 4 days

Max fine the ICO can impose

£500,000

Max punishments for breaking GDPR (2)

4% annual global turnover or EUR 20m

Premiums restricted to .... for qualifying policys issued after the 6 April 2013

£3,600

Withdrawals from life funds which are tax deferrable

When to notify the ICO after data breach

Within 72hours

Other IMC data Flashcards

(68 cards)