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Module 4: Wider Context Quiz

3 August, 2023

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Question 1 of 10

1. Question
When targeting professional investors, what restrictions apply to fund promotion?
- Funds must be registered in each country of operation
- Funds don't need to be registered at all
- Funds can only be promoted through digital media
- Funds can't be promoted through social media
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Question 2 of 10

2. Question
Under the UCITS regime, what comprises the ‘Notification File’ for cross-border distributions of UCITS?
- A standard model notification letter completed by the regulator in the UCITS home member state
- A standard model attestation completed by the UCITS
- A detailed report on the investment performance of the UCITS
- Both (a) and (b)
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Question 3 of 10

3. Question
Why can’t the UK use UCITS funds?
- The UK has banned the use of UCITS funds
- UCITS funds are too expensive for UK investors
- The UK has its own regulatory framework for fund marketing
- UCITS funds are not authorised to be sold in the EU
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Question 4 of 10

4. Question
What does ‘Ability to get your money back’ refer to in the financial services industry?
- The ability to switch providers quickly
- The predicted returns on an investment
- The simplicity of the platform used for investments
- Allowing investors to withdraw their funds at any time
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Question 5 of 10

5. Question
What must be included in a financial promotion to comply with regulations?
- Historical performance data and guaranteed future returns
- Clear, fair, and non-misleading information
- Personal opinions and subjective statements
- Risk warnings for professional investors only
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Question 6 of 10

6. Question
What is the definition of financial promotion?
- Encouraging investment activity with misleading information
- An innovation or inducement for investment activity communicated in the course of business
- A heavily regulated areas for promoting financial services firms
- A set of principles for fair treatment of investors
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Question 7 of 10

7. Question
Which regulatory body is responsible for setting rules and guidance on financial promotions?
- Securities and Exchange Commission (SEC)
- Financial Conduct Authority (FCA)
- Federal Reserve (Fed)
- European Central Bank (ECB)
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Question 8 of 10

8. Question
What actions can the FCA take if they find a financial promotion to be misleading?
- Ask the firm to change or remove the advertisement
- Write to customers who may have been misled
- Warn or fine the firm
- All of the above
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Question 9 of 10

9. Question
Treating customers fairly involves:
- Selling investment products to customers without proper assessments
- Setting unrealistic expectations for potential returns
- Following a set of principles for fair dealings with customers
- Ignoring risk warnings in promotions
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Question 10 of 10

10. Question
What is the primary purpose of the European passport in the UCITS regime?
- To promote thought leadership and content for investment vehicles
- To allow fund promoters to create a single product for the entire EU
- To exempt funds from the notification procedure for cross-border distributions
- To authorise UCITS funds in multiple EU member states
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