FCE Sample 2

ABC Fund has NAV RM105,885,936 and 138,000,000 units outstanding. What is the NAV/unit?

• RM 0.2327

• RM 1.7673

• RM 0.7673

• RM 1.3033

Which are TRUE? I. FIMM is a self-regulatory organisation for banking & insurance markets II. FIMM enhances the professional standards of UTS/PRS consultants III. FIMM represents the industry and promotes growth IV. Consultants must register with FIMM

• I, II and IV

• I and IV

• II, III and IV

• All of the above

Which statement about Product Highlight Sheets (PHS) is FALSE?

• Investors may receive either a hard or soft copy

• A separate PHS must be available for each core and non-core PRS fund

• Investors should have reasonable time to read and understand it

• PHS facilitates understanding of the investment product

Which is CORRECT about the size limit for a CUTA/CPRA agency unit?

• Must not exceed 36 persons

• Must not exceed 50 persons

• Must not exceed 38 persons

• No limitation

Based on the World Bank’s pension pillars, which exist in Malaysia? I. Pillar 0 State II. Pillar 1 Public III. Pillar 2 Occupational/personal IV. Pillar 3 Voluntary personal V. Pillar 4 Informal support

• I, III, IV and V

• III, IV and V

• II, III and V

• I, II and III

Which items appear in both UTS/PRS trust deed and prospectus/disclosure document? I. Investors’ rights & responsibilities II. Experts’ reports III. Removal/replacement of UTMC/Trustee IV. Maximum fees and charges

• All of the above

• I, II and III

• I, II and IV

• I, III and IV

Select the INCORRECT statement regarding a trust deed.

• Trustee is responsible for overall operation of a UTS

• Operation of each UTS is governed by its trust deed

• Deed provisions must meet minimum UTS Guidelines

• Deed sets out rights and obligations of UTMC, trustee and unitholders

Dinesh, 28, senior executive, new family and home, small investment funds—what fund type suits him?

• Income and Aggressive UTS/PRS

• Growth and Balanced UTS/PRS

• Growth and Aggressive UTS/PRS

• Income and Balanced UTS/PRS

Potential investors to a PRS receive the disclosure material known as:

• Information Memorandum

• Annual Report

• Prospectus

• Disclosure Document

A Shariah-compliant scheme held shares in Al-Ameen Berhad, which later became non-Shariah. This is an example of:

• Pandemic risk

• Change in investment fee

• Business risk

• Shariah-specific risk