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CISI UK FINANCIAL REGULATIONS (REGS) MOCK EXAM
INCLUDES ACCURATE AND VERIFIED QUESTIONS
COVERING REGULATORY FRAMEWORKS IN THE UK
FINANCIAL SERVICES INDUSTRY. TOPICS INCLUDE THE
ROLE OF THE FINANCIAL CONDUCT AUTHORITY (FCA),
ANTI-MONEY LAUNDERING (AML) EXAM 2025/2026 NEWEST
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
If the criteria for a concert party are met under the UKLA's
Disclosure and Transparency rules, an obligation to notify the
company occurs at a collective holding of?
1%
3%
15%
30% - ANSWER-3% is deemed to be a significant stake.
Which of the following is a key difference between terrorist funds
and other money laundering activities?
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Unusual trading pattern
Involves a transaction
Large sum
Legitimate source - ANSWER-By definition, money laundering
involves the proceeds of crime. Legitimate funds may be used to
fund terrorist activities.
Legitimate Source
When the RDC issues a final notice, it will not contain:
Other information deemed to be relevant
Notice of the recipient's right to appeal
The date the notice becomes effective
Details of any sanctions imposed by the FCA - ANSWER-The
right to appeal ceases upon the issue of a final notice.
Which of the following may be issued by the RDC instead of a
warning notice?
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Disciplinary notice
Notice of discontinuance
Final decision notice
Decision notice - ANSWER-The most obvious answer would have
been a supervisory notice, but it is not an available choice. The
only other sensible option is therefore a notice of discontinuance,
which can be issued at any point during the investigatory process
if the RDC feels there is no need to continue an investigation.
How long is a MiFID firm required to keep records of employee's
training and competence?
Seven years
Five years
Three years
One year - ANSWER-The basic record keeping requirement for
MiFID business is five years.
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For an authorised firm to assess the suitability of a transaction for
an elective professional client, the firm must consider:
Investment knowledge and experience, financial situation and
investment objectives.
Investment objectives and investment knowledge and experience.
Investment objectives and financial situation.
Investment objectives only. - ANSWER-For an elective
professional client, the firm must ascertain the investment
objectives and financial standing of the client.
How quickly must a firm correct a discrepancy following an
external client money reconciliation?
Within 25 business days
Within 5 business days
As soon as possible
No later than the next day - ANSWER-The correct answer is as
soon as possible.
CISI UK FINANCIAL REGULATIONS (REGS) MOCK EXAM
INCLUDES ACCURATE AND VERIFIED QUESTIONS
COVERING REGULATORY FRAMEWORKS IN THE UK
FINANCIAL SERVICES INDUSTRY. TOPICS INCLUDE THE
ROLE OF THE FINANCIAL CONDUCT AUTHORITY (FCA),
ANTI-MONEY LAUNDERING (AML) EXAM 2025/2026 NEWEST
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
If the criteria for a concert party are met under the UKLA's
Disclosure and Transparency rules, an obligation to notify the
company occurs at a collective holding of?
1%
3%
15%
30% - ANSWER-3% is deemed to be a significant stake.
Which of the following is a key difference between terrorist funds
and other money laundering activities?
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Unusual trading pattern
Involves a transaction
Large sum
Legitimate source - ANSWER-By definition, money laundering
involves the proceeds of crime. Legitimate funds may be used to
fund terrorist activities.
Legitimate Source
When the RDC issues a final notice, it will not contain:
Other information deemed to be relevant
Notice of the recipient's right to appeal
The date the notice becomes effective
Details of any sanctions imposed by the FCA - ANSWER-The
right to appeal ceases upon the issue of a final notice.
Which of the following may be issued by the RDC instead of a
warning notice?
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Disciplinary notice
Notice of discontinuance
Final decision notice
Decision notice - ANSWER-The most obvious answer would have
been a supervisory notice, but it is not an available choice. The
only other sensible option is therefore a notice of discontinuance,
which can be issued at any point during the investigatory process
if the RDC feels there is no need to continue an investigation.
How long is a MiFID firm required to keep records of employee's
training and competence?
Seven years
Five years
Three years
One year - ANSWER-The basic record keeping requirement for
MiFID business is five years.
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For an authorised firm to assess the suitability of a transaction for
an elective professional client, the firm must consider:
Investment knowledge and experience, financial situation and
investment objectives.
Investment objectives and investment knowledge and experience.
Investment objectives and financial situation.
Investment objectives only. - ANSWER-For an elective
professional client, the firm must ascertain the investment
objectives and financial standing of the client.
How quickly must a firm correct a discrepancy following an
external client money reconciliation?
Within 25 business days
Within 5 business days
As soon as possible
No later than the next day - ANSWER-The correct answer is as
soon as possible.
