10 Questions
Why is compliance crucial in trading?
To ensure fair play, protect investors, and maintain market integrity
Which regulatory body oversees financial markets in the UK?
Financial Conduct Authority (FCA)
What is the primary goal of the Market Abuse Regulation (MAR)?
To fight market manipulation and insider trading
What significant impact did the Dodd-Frank Act have on the financial markets?
Imposed stricter oversight on financial institutions and increased transparency in derivatives markets
How does the General Data Protection Regulation (GDPR) affect trading firms?
By requiring robust data protection measures and consent for data processing
What is a key best practice for staying compliant in trading?
Developing a strong compliance program with clear policies and regular training
What role do surveillance systems play in compliance?
To monitor trading activities for signs of market abuse and suspicious behavior
Why are regular audits important for compliance?
To identify compliance gaps and areas for improvement
How can ongoing training help in maintaining compliance?
By reinforcing the importance of following regulations
What is the benefit of fostering a culture of compliance within an organization?
To promote ethical behavior and regulatory adherence
Test your knowledge on the importance of compliance in trading, including regulations, laws, and ethical standards. Ensure you understand the crucial role of compliance in the financial industry.
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