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WorksheetsSIDC eFPMR_2
Total questions: 15
Worksheet time: 30mins
"Undertaking on behalf on any person the management of portfolio of securities or derivatives or a combination of both, whether on a discretionary or otherwise."
Which of the following regulated activities is described by the statement above?
Investment advice
Financial planning
Fund Management
Clearing for securities and derivatives
Which of the following are categories of Participating Organizations?
i. Universal Broker
ii. Investment Banker
iii. Commercial Bank
iv. Special Scheme Broker
(i) and (iv) only
(ii) and (iii) only
(i), (ii) and (iv) only
All of the above
The Guidelines for Marketing Representatives issued by the Securities Commission Malaysia defines a marketing representative as a person who:
i. provides client support services on behalf of his principal
ii. undertakes marketing of the services provided by his principal
iii. is able to conduct on behalf of his principal suitability assessment of a client
iv. acts as a licensed representative of a principal who is a Capital Market Services Licensed holder
(i) and (ii) only
(iii) and (iv) only
(i), (iii) and (iv) only
(ii), (iii) and (iv) only
Thaqifa is a registered marketing representative of a Capital market Services License for the regulated activity dealing in securities. She is meeting Thariq, a prospect. Which of the following is Thaqifa permitted to undertake when she meets Thariq?
Advice Thariq on which securities to buy
Accept Thariq's order for the securities on behalf of her principal
Inform Thariq her remuneration scheme for referring Thariq to her principal
Perform a suitability assessment on Thariq before referring Thariq to her principal
Sure Gain Capital Management Sdn Bhd ("Sure Gain Capital") id deregistering one of its marketing representatives, Mr. Hafiz who has failed to satisfy the fit and proper criteria for marketing representatives. Which of the following statements regarding Mr. Hafiz's deregistration is CORRECT?
i. Mr. Hafiz is required must inform Securities Commission Malaysia (SC) of his deregistration
ii. Sure Gain Capital must inform clients affected by Mr. Hafiz's deregistration
iii. Sure Gain Capital must inform the SC immediately of Mr. Hafiz's deregistration
iv. The SC's approval must be obtained before Sure Gain Capital can deregister Mr. Hafiz
(i) and (ii) only
(ii) and (iii) only
(iii) and (iv) only
(i) and (iv) only
The following are the duties of a Marketing Representative, EXCEPT:
Avoid conflict of interest
Act in the best of the client
Make recommendations that are reasonably suitable to clients
Inform client of any remuneration scheme if requested by client
What is the basic legal relationship that exists between a Principal that is a stockbroking company and a client?
Partnership
Contract of agency
Join venture agreement
Contract of employment
Which of the following statements are CORRECT in relation to the obligations and scope of duties of a dealer's representative?
i. Must give priority to client's instruction
ii. Must provide a reasonable basic when making recommendations
iii. Must ensure clients make payments directly to the dealer's representative own account
iv. Must inform client in concise statement of any interest it has in any securities that would affect his recommendation
(i) and (ii) only
(i), (ii) and (iv) only
(i), (iii) and (iv) only
(ii), (ii) and (iv) only
Which of the following guidelines sets out the definition of a 'Sophisticated Investor'?
Equity Guidelines
Guidelines for Marketing Representatives
Guidelines on Sales Practice of Unlisted Capital Market Products
Guidelines on Prevention of Money Laundering and Terrorism Financing for Capital Market Intermediaries
Which of the following types of clients are classified as 'High Risk Customers' according to laws and regulation on anti-money laundering and terrorisms financing in Malaysia?
i. Accredited investors
ii. Non-resident customers
iii. Companies that have nominee shareholders
iv. Unregistered investment vehicles with complex legal arrangements
(i) and (ii) only
(i) and (iv) only
(i), (ii) and (iii) only
(ii), (iii) and (iv) only
Which of the following CORRECTLT sets out the steps and sequence or the three (3) stages of money laundering?
Placement, Layering, Integration
Integration, Layering, Placement
Leveraging, Layering, Integration
Placement, Leveraging, Integration
Mr. Nizam is a licensed representative of a Capital Market Services License holder. He makes the following statement to one of his potential client - "Trade with me and I will guarantee you a return of not less that 8% per annum"
In relation to the above, which of the following statement is CORRECT?
Mr. Nizam is committing an offence under the Capital Markets and Services Act 2007 for stock market manipulation
Mr. Nizam is committing an offence under the Capital Markets and Services Act 2007 for false trading and market-rigging
Mr. Nizam did not contravene any provision of the Capital Markets and Services Act 2007 since the amount guaranteed can be reasonably achieved
Mr. Nizam is committing an offence under the Capital Markets and Services Act 2007 for providing false or misleading statements in relation to dealing in securities
Which of the following is/are prohibited conduct of a licensed fund management company?
i. Accept rebates from brokers from executing client's transaction into its own amount
ii. Executing trades through a broker which is not a member of a recognized stock exchange
iii. Buying securities from, or selling securities to, funds under management for the company's own account
iv. Requesting or allowing investors to pre-sign any form relating to their investment
(i) and (ii) only
(i) and (iv) only
(i), (ii) and (iii) only
All of the above
Which of the followings statements show the effective ways of conducting marketing communication?
i. Use close-ended questions to save time of your prospects
ii. Highlight specific value that your product offer to the consumer
iii. Ask non-manipulative open-ended questions to enquire more information about your prospects
iv. Create your elevator pitch within the first 30 seconds of meeting your new prospects
(i), (ii) and (iii) only
(i), (ii) and (iv) only
(i), (iii) and (iv) only
(ii), (iii) and (iv) only
Creating a profile of a prospective client involves the following steps, EXCEPT:
Defining your customers
Knowing how prospects see you
Finding where your customers are
Identifiying your unique goals & most important features
