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WorksheetsChapter 1: Regulations and Business Structure
Total questions: 20
Worksheet time: 10mins
What are the functions of Security Commission (SC)?
to regulate all matters relating to unit trust schemes
to advise the Minister on all matters relating to securities and futures industries
to regulate all matters relating to securities and futures contracts
All the above
The Securities Commission (SC) do not have any authority to amend or repeal the rules of Bursa Malaysia Securities Berhad
TRUE
FALSE
Which of the following is NOT the specific duties on directors that are imposed by Company Act 1965?
To keep accounts
To prepare balance sheets for each financial year
To be actively involved in the running of the company
To ensure directors' report to be written for each financial year
Directors have duties under both Common Law and the Companies Act 1965. These duties require them, except:
To refrain from abusing their directorship or the knowledge they have obtained by virtue of it.
To avoid situations that might conflict with their duties as directors (conflict of interest).
To conduct business with the company before the company has approved a transaction by a resolution.
None of the above
What percentage of shareholders is needed to pass special resolution?
It must be unanimous
Not less than 90%.
Not less than 75%
More than 50%
After launched a branding exercise, Malaysia Securities Exchange Berhad changed its name to____?
Bursa Malaysia Berhad
Bursa Malaysia Depository Sdn Bhd
Bursa Malaysia Securities Clearing Sdn Bhd
Below is the regulatory principles except
Promoting capital formation
Transparency
Outcome focused
Which of the following is the time period of CMP2?
2001-2011
2011-2020
2021-2025
The Parliament consists of 2 houses which are__
House of Representatives and House Lannister
The Senate and the Council of Elrond
The Senate and the Federation
House of Representatives and the Senate
Select the TRUE statement from the following in reference to sources of Malaysian Law.
Subsidiary legislation is categorized under common law
Islamic law was the law of the land before the colonization
State Constitution is the supreme law of the land in Malaysia
English law is categorized as written law
What is the goal of the International Organization of Securities Commissions (IOSCO)?
responsible for regulating the financial markets of member nations.
promoting the use of International Financial Reporting Standards (IFRS) and the convergence of national accounting standards.
ensuring that markets are fair, efficient, and transparent
evaluates a company's financial position spanning a period of time
Which of the following activities are prohibited for Participating Organizations in terms of disposal, purchase, acquisition, sale, or exchange of securities, as stated in Part V Division 1 of CMSA?
False trading
Stock market manipulations
Fraudulently inducing persons to deal in securities
All the above
At least how many heads should a Participating Organization have?
One
Two
Three
Four
Which one is the correct Head being jointly responsible for any area relating to trading in securities that has not been assigned by the Participating Organisation to be within the responsibility of any Head of Dealing?
Compliance Officers
Head of Compliance
Head of Operations
Head of Dealing
Name the entity that has a separate legal person from its members, and these members are only liable for the cost of the shares they have purchased
Partnership
Sole Proprietorship
Limited Liability Company
Franchise
A partnership pays
Company tax
Personal tax
both company tax and personal tax
no tax
Partnership law is governed by which legislation?
The Partnership Act 1961
The Companies Acts 1963-2013
The Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010
The Partnership Act 2015
Which year that Bursa Malaysia Depository Sdn Bhd was incorporated and approved by the Minister of Finance to run the central depository in Malaysia?
26 October 1986
26 October 1989
26 October 1987
26 October 1988
Which of the following that the Rules of Bursa Malaysia Securities Clearing Sdn Bhd cover?
General Rules
Default Rules
Clearing and settlement-institutional settlement service
Disciplinary Action
A financial institution which wishes to carry on the business of banking, being a finance company, merchant banking, or discount house business, must hold a valid licence granted by Bank Negara Malaysia (BNM) to carry on such business. What is the financial act that stated above?
Islamic Financial Service Act 2013
Banking and Financial Institutions Act 1989
Financial Services Act 2013
Development Financial Institutions Act 2002 (Act 618)
