Collective Investment Scheme Administration Exam – Quiz 01

Last Updated: June 2024

Table of Contents

CISI Exam Quiz 01 Topics Covers:

know why Collective Investment Schemes are relevant to investors today
know the principal types of fund available by asset class and the Investment Association sectors
know what statistical reporting is made by AFMs to industry and government bodies
know the comparative features, advantages and disadvantages in contrast to other forms of investment (direct and indirect)
understand the differences between physical and synthetic investment structures
know the key differences between onshore and offshore funds
understand how schemes can be used to meet different investment objectives
know the purpose of authorising Collective Investment Schemes and the classification of those schemes by the FCA
know the requirements of the Conduct of Business Rules (COBS) relating to AFMs
know the reasons for the Data Protection Act 2018 and the responsibilities of investment groups
know the requirements of the Clients’ Assets Rules (CASS) relating to AFMs
know the requirements of The Proceeds of Crime Act 2002, The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, The Criminal Finance Act 2017 and The Joint Money Laundering Steering Group guidance as they apply
be able to apply the money laundering requirements for new and existing clients
know what is satisfactory evidence and when it is required understand the importance of verification
be able to apply the actions required if inadequate evidence is provided
understand the importance of being able to recognise a suspicious transaction and the procedures for reporting it
understand the role of the FCA and other crime prevention agencies in relation to money laundering and financial crime prevention
know the requirements firms and individuals need to meet in relation to money laundering and financial crime prevention and the implications of not meeting the requirements
Undertakings of Collective Investment in Transferable Securities Directive (UCITS)
Markets in Financial Instruments Directive (MiFID)
Capital Requirements Directive (CRD)
Distance Marketing Directive (DMD)
Market Abuse Regulation (MAR)
Alternative Investment Fund Managers’ Directive (AIFMD)
European Market Infrastructure Regulation (EMIR)
The EU Money Market Fund Regulation (MMFR)
know the outcomes arising from the FCA’s approach to managing good conduct within firms including treating customers fairly (TCF)
know the expectations of the FCA in respective of consumer duty with particular focus on Collective Investment Schemes (CIS)
know the regulatory procedures for handling customer complaints

Continue Reading