Collective Investment Scheme Administration Exam – Quiz 09

Last Updated: June 2024

Table of Contents

CISI Exam Quiz 09 Topics Covers:

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
know the role of the Financial Ombudsman Service
understand the circumstances under which the Financial Services Compensation Scheme pays compensation and know the compensation payable
know the circumstances under which cancellation rights are available to investors
be able to calculate cancellation proceeds including shortfall when applicable
understand the investor protection provided by the CASS sourcebook
understand the rights of unit / shareholders in relation to changes to the fund and the protection afforded by meetings
know that a unit / shareholder can appoint a proxy to vote on their behalf
know the circumstances under which the manager may suspend dealing in the fund
know the constitutional structures of authorised Collective Investment Schemes
understand the process and requirements of authorisation
know the differences between single funds, umbrella schemes and master feeder schemes
understand the permissible share and unit classes issued by schemes
understand the treatment of the following in respect to the initial offer period
know process for appointment and removal of the AFM
know the requirements for appointment of the auditors
understand the difference between the audit and the AFM’s obligation for compliance monitoring
understand the requirement for a prudent spread of risk, the principles of investment and borrowing powers and managing liquidity
know the basis for investment or borrowing limits, the factors used in and obligations attached to valuing scheme property
know the minimum requirements relating to management of capital, risk and liquidity
know the types of corporate actions which may be received by the fund, the AFMs process to execute and the risks and regulatory requirements associated with these

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