QUESTIONS WITH CORRECT ANSWERS 2025
FSMAD-DCORRECTDANSWERD-FinancialDServicesDandDMarketsDActD2000
BodiesDcreatedDbyDFSMAD-DCORRECTDANSWERD-
FinancialDPolicyDCommittee,DPrudentialDRegulationDAuthority,DFinancialDConductDauthority
FinancialDPolicyDCommitteeD-DCORRECTDANSWERD-
Identifies,DmonitorsDandDtakesDactionDtoDremoveDorDreduceDrisksDtoDtheDsystem.DItDdoesn'tDauthori
seDorDregulateDdirectly,DbutDitDgivesDguidanceDandDdirectionsDtoDregulatorsD(PRA,DFCA),DwhoDmustD
complyDwithDdirectionsD(butDnotDrecommendations,DalthoughDtheyDmustDexplainDwhy)
PrudentialDRegulationDAuthorityD(PRA)D-DCORRECTDANSWERD-
ResponsibleDforDtheDprudentialDregulationDofDallDdeposit-
takers,DincludingDbanks,DbuildingDsocieties,DcreditDunions,DinsurersDandDaDsmallDnumberDofDmajorDi
nvestmentDfirms
FinancialDConductDauthorityD(FCA)D-DCORRECTDANSWERD-
ResponsibleDforDbusinessDregulationDofDallDauthorisedDfirms,DasDwellDasDprudentialDregulationDforD
allDnon-PRA-
authorisedDfirmsD(allDfirmsDactingDinDtheDfinancialDmarketsDexceptDthoseDregulatedDbyDtheDPRAD-
DthisDincludesDfundDmanagers,DstockDbrokers,DpensionsDadvisers,Detc),DregulatesDmarkets,Dcounter
sDfinancialDcrime,DandDenforcesDitsDrules.
MarketDAbuseDRegulationsD(MAR)D-DCORRECTDANSWERD-
makesDinsiderDdealingDandDmarketDmanipulationDcivilDoffencesDandDgivesDtheDFCADpowersDandDres
ponsibilitiesDforDpreventingDandDdetectingDmarketDabuse
GeneralDProhibitionD-DCORRECTDANSWERD-s19DofDFSMAD-
D"noDpersonDmayDcarryDonDaDregulatedDactivityDinDtheDUKDunlessDauthorisedDorDexempt"