Annual Regulatory Training Quiz 1

1. What is the "Gratification" defined in the Section 3 of MACC? Select all applicable

• Donation

• Loan

• Fee

• Employment

What are the penalties of Section 17A of MACC?

• Not < 5 times of gratification value or RM10k

• Not < 10 times of the gratification value or RM1m

• Jail term not > 10 years

• Jail term not > 20 years

What are the policies and procedures established in BOSWM MY to comply with the Guidelines on Adequate Procedures? Select all applicable

• Entertainment & Gift Procedures

• Anti-Bribery & Corruption Policy

• Anti-Money Laundering and Counter Financing of Terrorism Policy

• Whistleblowing Programme Procedures

How often a commercial organisation to conduct corruption risk assessment under the Adequate Procedures?

• Every year

• Every 2 years

• Every 3 years

• Every 5 years

In identifying situation that give or may give rise to a conflict of interest, BOSWM MY must take into account the following: Select all applicable

• is likely to make financial gain, or avoid a financial loss at the expense of the client

• has an interest in the outcome of a service provided to a client, which is distinct from the client's interest in that outcome

• has a financial, or other incentive to favour the interest of one client over another

• receives or will receive an inducement in relation to a service provided to the client from a person other than the client

Any cross-trade between the following parties:

• i. Employees of BOSWM MY and the clients; and

• ii. BOSWM MY for its proprietary trading and its clients

• are acceptable and permissible in BOSWM MY as the conflict of trade can be effectively managed.

• True

• False

Below are prohibited conflict of interest in BOSWM MY, except for

• BOS Group employees engaging in external employment under BOS Code of Conduct

• Misuse of confidential or inside information and committing insider trading

• BOS Group employees having supervisory relationship directly or indirectly relatives by blood and marriage or changed in legal status.

• Inducement accepted or offered or provided in order to gain any commercial contract or personal advantage

Below are the conflict of interest identified in BOSWM MY, select all applicable

• Conflicts between an employee vs client

• Conflict between one part of BOS Group vs BOSWM MY

• Conflicts between BOSWM MY vs a client,

• Conflicts between the interest of private mandates clients vs other Funds in BOSWM MY

During the blackout / embargo period, all employees of OCBC Bank and its subsidiaries are embargoed from dealing in securities of OCBC Bank and Great Eastern Holding Limited.

Is the above statement

• True

• False

What are the penalties of Section 188(4) of the CMSA for the market misconduct i.e. insider trading

• Fine not < RM1m

• Fine not < RM10m

• Jail term not > 20 years

• Jail term not > 10 years