Collective Investment Scheme Administration Exam – Quiz 04

Last Updated: June 2024

Table of Contents

CISI Exam Quiz 04 Topics Covers:

be able to apply the timetable for distribution of income
be able to calculate the available income and the distributable income
know the requirements for calculation of the effective yield
know the difference between dividend, interest and property income distributions and the relevant criteria
know the customary payment processes and their associated requirements
know the treatment of unclaimed distributions
know the contents of tax vouchers in relation to distributions, including streaming requirements
know the definition of equalisation and its treatment in respect of investor’s tax liability
know how equalisation is shown on tax vouchers
understand the alternative methods of delivering tax voucher information
know the FCA requirements in relation to reports and accounts
know the requirements of the Statement of Recommended Practice (SORP) in relation to the content of the half yearly reports and accounts
know the main differences between interim and final reports and accounts
understand what investors should look for in the reports and accounts
know the different methods by which reports may be delivered to investors
know the requirements for investor communications in respect of fund change events
know the tax treatment of different types of income distribution
know the requirements of the tax elected fund regime
know the requirements of the Property Authorised Investment Funds regime (PAIF)
know the types of overseas taxes on income received in the UK from an overseas company
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

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