The cprimary cobjective cof cstructural cregulation cof cfinancial cservices cfirms cis cto:
A cminimise crisks cto cthe cfinancial csystem. c
B censure cfinancial cservices cproviders cremain csolvent cat call ctimes.
C censure conly cthose cwith csufficient cfinancial cstanding cand cintegrity ccan cbecome
cfinancial cservices cfirms. c
D cenforce ccompliance cby cfinancial cservices cproviders cwith cconsumer claw. c- ccorrect
canswers✔✔C
1.2.1
In crelation cto ca cfinancial cservices cfirm cestablished cin can cEU ccountry, cthe cterm
c'freedom cof cservices' cmeans cbeing cable cto:
A cset cup ca cbranch cin canother cEU ccountry.
B cprovide cany ctype cof cfinancial cservice cthe cfirm cwishes cto cprovide, cwithout
crequiring cany cfresh cauthorisation.
C ccharge cdifferent clevels cof cfees cto cdifferent cconsumers, cwithout crequiring
cauthorisation cto cdo cso.
D cprovide cfinancial cservices cto cconsumers cin canother cEU ccountry con ca ccross
cborder cbasis. c- ccorrect canswers✔✔D
1.2.1
A clife cassurance ccompany cestablished cin cGermany csells cpolicies cto cresidents cof
cthe cRepublic cof cIreland. cWho cregulates cthe csolvency cof cthis clife ccompany?
A cThe cIrish cCentral cBank. c
B cThe cGerman cRegulatory cAuthority, cBaFin. c
C cThe cEuropean cInsurance cand cOccupational cPensions cAuthority. c
D cThe cEuropean cSecurities cand cMarkets cAuthority. c- ccorrect canswers✔✔B
1.2.4
The cprescription cof cprocedures cwhich cmust cbe cfollowed cby cfinancial cservices cfirms
cin ctheir cdealings cwith cconsumers cis cwhich ctype cof cregulation?
A cStructural.
B cSystemic.
C cPrudential.
D cConduct cof cBusiness. c- ccorrect canswers✔✔D
1.2.4
,The cCentral cBank cshares cits cfunction cto cprohibit cunfair, cmisleading cor caggressive
ccommercial cpractices cby cfinancial cservices cproviders cwith cthe:
A cCompetition cand cConsumer cProtection cCommission. c
B cDirector cof cCorporate cEnforcement. c
C cEuropean cInsurance cand cOccupational cPensions cAuthority.
D cEuropean cSecurities cand cMarkets cAuthority. c- ccorrect canswers✔✔A
1.3.1
The cMAXIMUM cfine cwhich cthe cCentral cBank ccan cimpose cpersonally con cMary, cthe
cCEO cof ca cbank, cfor cnon-compliance cby cthe cbank cwith cfinancial cservices
cregulations cis:
A c€0.5 cmillion.
B c€1 cmillion.
C c€2 cmillion.
D c€5 cmillion. c- ccorrect canswers✔✔B
1.3.3
The cCentral cBank cshares cits cpower cto cundertake csurveys cof cthe cprovision cof
cfinancial cservices cto cconsumers cwith cthe:
A cConsumers' cAssociation cof cIreland. c
B cCompetition cand cConsumer cProtection cCommission. c
C cEuropean cInsurance cand cOccupational cPensions cAuthority. c
D cEuropean cSecurities cand cMarkets cAuthority. c- ccorrect canswers✔✔B
1.4.3
The cCentral cBank cdoes cNOT cauthorise cand cregulate cwhich cone cof cthe cfollowing
centities cestablished cin cthe cState?
A cLife cassurance ccompanies.
B cCredit cintermediaries.
C cHome creversion cfirms.
D cReinsurance ccompanies. c- ccorrect canswers✔✔B
1.4.4
The cCompetition cand cConsumer cProtection cCommission ccan cimpose ca clevy con:
A cinsurance cintermediaries. c
B cbanks. c
C ccredit cintermediaries. c
D cinvestment cintermediaries. c- ccorrect canswers✔✔B
1.4.5
, An cinvestment cintermediary cCANNOT cprovide cinvestment cadvice con cwhich cone cof
cthe cfollowing?
A cContracts cfor cDifference.
B cBonds clisted con ca cStock cExchange.
C cNon-insurance ctracker cbonds.
D cCollective cinvestment cfunds. c- ccorrect canswers✔✔A
2.3
XYZ cInvestment cAdvisers cLtd cis ca cdeemed cauthorised cinvestment cintermediary,
ccurrently cproviding cadvice con cbonds clisted con ca cStock cExchange cand cnon-
insurance ctracker cbonds.
The cfirm cnow cwants cto cprovide cadvice cto cits cclients con cUCITS cfunds cprovided cby
cTOP cInvestment cManagers cLtd. cIn corder cto cdo cso, cXYZ cmust:
(i) cget cpermission cfrom cthe cCentral cBank cto cgive cadvice con ccollective cinvestment
cfunds.
(ii) cget can cagency cappointment cwith cTOP cInvestment cManagers cLtd.
(iii) chave cminimum cshareholder cfunds cof c€50,000.
A c(i) conly. c
B c(ii) conly. c
C c(ii) cand c(iii) conly. c
D c(i), c(ii) cand c(iii). c- ccorrect canswers✔✔B
2.3.1
ACE cInvestment cAdvisers cLtd, can cinvestment cintermediary, cis ccurrently cauthorised
cunder cSection c10 cof cthe cInvestment cIntermediaries cAct, c1995, cto cprovide cadvice
con cshares clisted con ca cStock cExchange cand cnon-insurance ctracker cbonds.
The cfirm cnow cwants cto cprovide cadvice cto cits cclients con cUCITS cfunds cprovided cby
cTOP cInvestment cManagers cLtd. cIn corder cto cdo cso, cACE cmust:
(i) cget cpermission cfrom cthe cCentral cBank cto cgive cadvice con ccollective cinvestment
cfunds.
(ii) cget can cagency cappointment cwith cTOP cInvestment cManagers cLtd.
(iii) chave cminimum cnet cshareholder cfunds cof c€50,000.
A c(i) conly.
B c(iii) conly.
C c(i) cand c(ii) conly.
D c(i), c(ii) cand c(iii). c- ccorrect canswers✔✔C
2.3.1
An cinvestment cintermediary cwhich ccan clegally cact cfor conly cone cbank cin creceiving
cdeposits cis ccalled ca cdeposit:
A carranger. c
A cminimise crisks cto cthe cfinancial csystem. c
B censure cfinancial cservices cproviders cremain csolvent cat call ctimes.
C censure conly cthose cwith csufficient cfinancial cstanding cand cintegrity ccan cbecome
cfinancial cservices cfirms. c
D cenforce ccompliance cby cfinancial cservices cproviders cwith cconsumer claw. c- ccorrect
canswers✔✔C
1.2.1
In crelation cto ca cfinancial cservices cfirm cestablished cin can cEU ccountry, cthe cterm
c'freedom cof cservices' cmeans cbeing cable cto:
A cset cup ca cbranch cin canother cEU ccountry.
B cprovide cany ctype cof cfinancial cservice cthe cfirm cwishes cto cprovide, cwithout
crequiring cany cfresh cauthorisation.
C ccharge cdifferent clevels cof cfees cto cdifferent cconsumers, cwithout crequiring
cauthorisation cto cdo cso.
D cprovide cfinancial cservices cto cconsumers cin canother cEU ccountry con ca ccross
cborder cbasis. c- ccorrect canswers✔✔D
1.2.1
A clife cassurance ccompany cestablished cin cGermany csells cpolicies cto cresidents cof
cthe cRepublic cof cIreland. cWho cregulates cthe csolvency cof cthis clife ccompany?
A cThe cIrish cCentral cBank. c
B cThe cGerman cRegulatory cAuthority, cBaFin. c
C cThe cEuropean cInsurance cand cOccupational cPensions cAuthority. c
D cThe cEuropean cSecurities cand cMarkets cAuthority. c- ccorrect canswers✔✔B
1.2.4
The cprescription cof cprocedures cwhich cmust cbe cfollowed cby cfinancial cservices cfirms
cin ctheir cdealings cwith cconsumers cis cwhich ctype cof cregulation?
A cStructural.
B cSystemic.
C cPrudential.
D cConduct cof cBusiness. c- ccorrect canswers✔✔D
1.2.4
,The cCentral cBank cshares cits cfunction cto cprohibit cunfair, cmisleading cor caggressive
ccommercial cpractices cby cfinancial cservices cproviders cwith cthe:
A cCompetition cand cConsumer cProtection cCommission. c
B cDirector cof cCorporate cEnforcement. c
C cEuropean cInsurance cand cOccupational cPensions cAuthority.
D cEuropean cSecurities cand cMarkets cAuthority. c- ccorrect canswers✔✔A
1.3.1
The cMAXIMUM cfine cwhich cthe cCentral cBank ccan cimpose cpersonally con cMary, cthe
cCEO cof ca cbank, cfor cnon-compliance cby cthe cbank cwith cfinancial cservices
cregulations cis:
A c€0.5 cmillion.
B c€1 cmillion.
C c€2 cmillion.
D c€5 cmillion. c- ccorrect canswers✔✔B
1.3.3
The cCentral cBank cshares cits cpower cto cundertake csurveys cof cthe cprovision cof
cfinancial cservices cto cconsumers cwith cthe:
A cConsumers' cAssociation cof cIreland. c
B cCompetition cand cConsumer cProtection cCommission. c
C cEuropean cInsurance cand cOccupational cPensions cAuthority. c
D cEuropean cSecurities cand cMarkets cAuthority. c- ccorrect canswers✔✔B
1.4.3
The cCentral cBank cdoes cNOT cauthorise cand cregulate cwhich cone cof cthe cfollowing
centities cestablished cin cthe cState?
A cLife cassurance ccompanies.
B cCredit cintermediaries.
C cHome creversion cfirms.
D cReinsurance ccompanies. c- ccorrect canswers✔✔B
1.4.4
The cCompetition cand cConsumer cProtection cCommission ccan cimpose ca clevy con:
A cinsurance cintermediaries. c
B cbanks. c
C ccredit cintermediaries. c
D cinvestment cintermediaries. c- ccorrect canswers✔✔B
1.4.5
, An cinvestment cintermediary cCANNOT cprovide cinvestment cadvice con cwhich cone cof
cthe cfollowing?
A cContracts cfor cDifference.
B cBonds clisted con ca cStock cExchange.
C cNon-insurance ctracker cbonds.
D cCollective cinvestment cfunds. c- ccorrect canswers✔✔A
2.3
XYZ cInvestment cAdvisers cLtd cis ca cdeemed cauthorised cinvestment cintermediary,
ccurrently cproviding cadvice con cbonds clisted con ca cStock cExchange cand cnon-
insurance ctracker cbonds.
The cfirm cnow cwants cto cprovide cadvice cto cits cclients con cUCITS cfunds cprovided cby
cTOP cInvestment cManagers cLtd. cIn corder cto cdo cso, cXYZ cmust:
(i) cget cpermission cfrom cthe cCentral cBank cto cgive cadvice con ccollective cinvestment
cfunds.
(ii) cget can cagency cappointment cwith cTOP cInvestment cManagers cLtd.
(iii) chave cminimum cshareholder cfunds cof c€50,000.
A c(i) conly. c
B c(ii) conly. c
C c(ii) cand c(iii) conly. c
D c(i), c(ii) cand c(iii). c- ccorrect canswers✔✔B
2.3.1
ACE cInvestment cAdvisers cLtd, can cinvestment cintermediary, cis ccurrently cauthorised
cunder cSection c10 cof cthe cInvestment cIntermediaries cAct, c1995, cto cprovide cadvice
con cshares clisted con ca cStock cExchange cand cnon-insurance ctracker cbonds.
The cfirm cnow cwants cto cprovide cadvice cto cits cclients con cUCITS cfunds cprovided cby
cTOP cInvestment cManagers cLtd. cIn corder cto cdo cso, cACE cmust:
(i) cget cpermission cfrom cthe cCentral cBank cto cgive cadvice con ccollective cinvestment
cfunds.
(ii) cget can cagency cappointment cwith cTOP cInvestment cManagers cLtd.
(iii) chave cminimum cnet cshareholder cfunds cof c€50,000.
A c(i) conly.
B c(iii) conly.
C c(i) cand c(ii) conly.
D c(i), c(ii) cand c(iii). c- ccorrect canswers✔✔C
2.3.1
An cinvestment cintermediary cwhich ccan clegally cact cfor conly cone cbank cin creceiving
cdeposits cis ccalled ca cdeposit:
A carranger. c
