Collective Investment Scheme Administration Exam – Quiz 07

Last Updated: June 2024

Table of Contents

CISI Exam Quiz 07 Topics Covers:

understand the difference between investing directly with the AFM or via an intermediary
know the methods by which investor transactions are executed
know the documentation required in relation to the execution of investor transactions
understand how fees and discounts affect investor transactions
understand the treatment of distributions of income and other rights
understand the AFMs responsibilities for issue and cancellation of units / shares
know the requirements for the establishment, maintenance and contents of a register
understand who can be registered as a holder of units / shares
know the status of the register as proof of ownership
know the process for rectification of registration errors
understand the registration treatment of third party interests
understand the entitlement to inspection
know the requirements for the collection of beneficial holder details
understand the processes and information requirements relating to transfers by the holder, in favour of the AFM, and by the operation of law
know the requirements governing the sub-registers for savings plans and ISAss
know the rights of holders on sub-registers
know who has responsibility for sub-registers
know the regulatory requirements for settlement
understand the different methods of settling investor transactions
understand the different treatment of income for income and accumulation shares / units
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

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