Collective Investment Scheme Administration Exam – Quiz 08

Last Updated: June 2024

Table of Contents

CISI Exam Quiz 08 Topics Covers:

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
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)

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