Page 1 of 63
QFA REGS – SAMPLE PAPER 2 EXAM 2026
BANK ALL COMPLETE (100) CURRENT
TESTING QUESTIONS AND CORRECT
DETAILED ANSWERS|TOP-RATED A+
QFA REGS
Prepare for the QFA Regs – Sample Paper 2 Exam with this
concise study resource covering key regulatory principles,
compliance requirements, and exam-style questions. It helps
reinforce important concepts and improve exam readiness.
Suitable for candidates preparing for Qualified Financial Adviser
(QFA) regulatory exams.
ABC Bank plc is established in Germany. It transacts banking
business in the Republic of Ireland on a cross-border basis.
Being able to provide financial services in this manner to
consumers in other EU countries is referred to as:
A passporting.
B subrogation.
C migration.
D the common good. ✓ ✓ ...... ANSWER ....... A
, Page 2 of 63
1.2.1
In relation to a financial services firm established in an EU
country, the term 'freedom of establishment' means being
able to:
A set up a branch in another EU country.
B provide any type of financial service the firm wishes to
provide, without requiring any fresh authorisation.
C charge different levels of charges to different consumers,
without requiring authorisation to do so.
D provide financial services to consumers in another EU
country on a cross-border basis. ✓ ✓ ...... ANSWER .......
A
1.2.1
Regulation of the continuing solvency and liquidity of
established financial services firms is known as which type
of regulation?
A Structural.
B Systemic.
, Page 3 of 63
C Prudential.
D Conduct of Business. ✓ ✓ ...... ANSWER ....... C
1.2.3
The Central Bank's Consumer Protection Code is an
example of which type of regulation?
A Prudential.
B Systemic.
C Conduct of Business.
D Structural. ✓ ✓ ...... ANSWER ....... C
1.2.4
The Central Bank does NOT authorise and regulate which
one of the following established in the State?
A Credit institutions.
B Debt management firms.
C Credit intermediaries.
D Retail credit firms. ✓ ✓ ...... ANSWER ....... C
, Page 4 of 63
1.3.1
The MAXIMUM fine which the Central Bank can impose on
ABC Investment Advisers Ltd, an investment intermediary,
for non- compliance with financial services regulations, is:
A €1 million.
B the greater of €2 million and 5% of annual
turnover.
C the greater of €5 million and 10% of annual turnover.
D the greater of €10 million and 10% of annual turnover. ✓
✓ ...... ANSWER ....... D
1.3.3
Most authorised credit intermediaries are
A mortgage intermediaries.
B garages offering loans and leasing.
C insurance intermediaries.
D credit card providers. ✓ ✓ ...... ANSWER ....... B
QFA REGS – SAMPLE PAPER 2 EXAM 2026
BANK ALL COMPLETE (100) CURRENT
TESTING QUESTIONS AND CORRECT
DETAILED ANSWERS|TOP-RATED A+
QFA REGS
Prepare for the QFA Regs – Sample Paper 2 Exam with this
concise study resource covering key regulatory principles,
compliance requirements, and exam-style questions. It helps
reinforce important concepts and improve exam readiness.
Suitable for candidates preparing for Qualified Financial Adviser
(QFA) regulatory exams.
ABC Bank plc is established in Germany. It transacts banking
business in the Republic of Ireland on a cross-border basis.
Being able to provide financial services in this manner to
consumers in other EU countries is referred to as:
A passporting.
B subrogation.
C migration.
D the common good. ✓ ✓ ...... ANSWER ....... A
, Page 2 of 63
1.2.1
In relation to a financial services firm established in an EU
country, the term 'freedom of establishment' means being
able to:
A set up a branch in another EU country.
B provide any type of financial service the firm wishes to
provide, without requiring any fresh authorisation.
C charge different levels of charges to different consumers,
without requiring authorisation to do so.
D provide financial services to consumers in another EU
country on a cross-border basis. ✓ ✓ ...... ANSWER .......
A
1.2.1
Regulation of the continuing solvency and liquidity of
established financial services firms is known as which type
of regulation?
A Structural.
B Systemic.
, Page 3 of 63
C Prudential.
D Conduct of Business. ✓ ✓ ...... ANSWER ....... C
1.2.3
The Central Bank's Consumer Protection Code is an
example of which type of regulation?
A Prudential.
B Systemic.
C Conduct of Business.
D Structural. ✓ ✓ ...... ANSWER ....... C
1.2.4
The Central Bank does NOT authorise and regulate which
one of the following established in the State?
A Credit institutions.
B Debt management firms.
C Credit intermediaries.
D Retail credit firms. ✓ ✓ ...... ANSWER ....... C
, Page 4 of 63
1.3.1
The MAXIMUM fine which the Central Bank can impose on
ABC Investment Advisers Ltd, an investment intermediary,
for non- compliance with financial services regulations, is:
A €1 million.
B the greater of €2 million and 5% of annual
turnover.
C the greater of €5 million and 10% of annual turnover.
D the greater of €10 million and 10% of annual turnover. ✓
✓ ...... ANSWER ....... D
1.3.3
Most authorised credit intermediaries are
A mortgage intermediaries.
B garages offering loans and leasing.
C insurance intermediaries.
D credit card providers. ✓ ✓ ...... ANSWER ....... B
