CISI UK Financial Regulation EXAM 2025 VERIFIED QUESTIONS AND GUARANTEED ANSWERS ALREADY GRADED A+ (CERTIFIED).

CISI UK Financial Regulation EXAM 2025 VERIFIED QUESTIONS AND GUARANTEED ANSWERS ALREADY GRADED A+ (CERTIFIED). FCA Objectives - Answer- General: markets function well Operational: consumer protection, integrity, competition PRA Objective - Answer- safety and soundness of PRA-authorized persons BOE purposes - Answer- monetary and financial stability PRA oversight - Answer- banks, deposit-taking firms, insurers, systematically important investment firms PRA responsibility - Answer- firms hold adequate levels of capital Financial Planning Committee (FPC) responsibility - Answer- reducing risk to financial system as a whole, works closely with pRA Financial Services and Markets Act of 2000 - Answer- provide stronger protection for financial services consumers Financial Services Act of 2012 - Answer- introduced the FCA and PRA FCA supervision approach - Answer- proactive, outcomes-focused, risk-based FCA supervision pillars - Answer- 1) proactive (fixed portfolio only) 2) reactive 3) issues and products supervision Part 9A of FSMA - Answer- empowers FCA to make rules that are legally binding on authorized firms concerning regulated activity + non regulated Where is fair treatment addressed in the Principles of Business? - Answer- Principle 6 TCF - Answer- Treating Customers Fairly - initiative of FCA's predecessor Fundamental Rules - Answer- set out by PRA, replaced Principles of Business, lays out expectations of firms Proactive Intervention Framework - Answer- a supervisory approach adopted by PRA and not the FCA. range of sanctions PRA can impose on breaching firms - Answer- unlimited fines, cancelling permission, public censure Principles for Businesses - Answer- general statements of the fundamental obligations of FCA firms under FSMA 2000 created and enforced by the FCA applies to all authorized firms PRA equivalent of PRINs - Answer- Fundamental Rules Takeover Panel - Answer- administers City Code on Takeovers and Mergers (the Takeover Code) Financial Ombudsman Service (FOS) - Answer- hears complaints regarding authorized firms FOS eligible complainants - Answer- private individuals, micro enterprises, charities with $6.5mm executing client orders - Answer- as soon as reasonably practicable, if delayed should take steps to ensure that it will not hurt clients UK Bribery Act of 2010 scope - Answer- worldwide