UK Financial Regulation (IOC) Quiz 07

Last Updated: June 2024

Table of Contents

UK Financial Regulation (IOC)

-know the general rule in connection with communicating with retail
clients [COBS 4.5 and 4.5A.3]
-know the restrictions on the promotion of speculative illiquid
securities to retail clients [COBS 4.12A & 4.12B]
Past, Simulated Past and Future Performance COBS 4.6 and 4.5A
– know the rules on past, simulated past and future performance
[COBS 4.6 excluding 4.6.4 – 4.6.4B and 4.5A.10, 12 and 14]
Financial Promotions Containing Offers or Invitations COBS 4.7
-know the rule on financial promotions containing offers or
invitations [COBS 4.7.1A – 4.7.4]
Cold Calls and Other Promotions that are Not in Writing COBS 4.8
and 4.9
-know the rules on unwritten promotions [COBS 4.8.3] and the
restriction on cold calling [COBS 4.8.2]
-know the rule on financial promotions for overseas persons [COBS
Systems and Controls and Approving and Communicating Financial
Promotions COBS 4.10 and SYSC 4
-know the requirement for approving financial promotions and the
circumstances of relying on another firm’s confirmation of
compliance [COBS 4.10, SYSC 4 ]
On completion, the candidate should:
-understand the assessment of client suitability requirements for
MiFID business [COBS 9A.2.1/4/5/6/7/8/9/10/11/12/13/15] and
Non-MiFID business [COBS 9.1.1-9.1.4, 9.2.1-6, 9.3.1]
UK Financial Regulation
V31 © Chartered Institute for Securities & Investment 21
Suitability (including basic advice) COBS 9.1
-understand the application of the rules on identifying client needs
and advising [COBS 9.1.1-9.1.4 and COBS 9A.2.1,2 and 3]
Assessing Suitability COBS 9.2, 9A.2, 9.3, 9.4 and 9.5A

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