Covered Persons under Financial Regulation in the Philippines
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Questions and Answers

Who among the following is NOT considered a Designated Non-Financial Business and Profession (DNFBP)?

  • Jewelry dealers in precious stones
  • Real estate developers
  • Offshore gaming operators supervised by PAGCOR
  • Accountants authorized to practice in the Philippines (correct)
  • Which of the following qualifies as a DNFBP based on the provided text?

  • Real estate developers with a single transaction exceeding P7,500,000
  • A company service provider offering secretarial services for businesses (correct)
  • An individual managing securities for clients
  • Offshore gaming operators regulated by PAGCOR
  • What is the threshold amount for a single cash transaction that would classify Real estate developers and brokers as DNFBPs?

  • $10,000,000
  • $7,500,000 (correct)
  • $1,000,000
  • $5,000,000
  • Which of the following services would categorize an individual as a DNFBP according to the text?

    <p>Managing client assets like securities</p> Signup and view all the answers

    In which scenario would a casino be considered a DNFBP?

    <p>For a single cash transaction over $5,000,000</p> Signup and view all the answers

    What type of service would NOT make an individual fall under the designation of DNFBP?

    <p>Providing accounting services to individuals</p> Signup and view all the answers

    Which of the following is considered a Covered Person supervised by the Bangko Sentral ng Pilipinas?

    <p>Foreign exchange dealers</p> Signup and view all the answers

    Who regulates Mutual benefit associations according to the text?

    <p>Insurance Commission</p> Signup and view all the answers

    Which entity is NOT mentioned as a Covered Person supervised by the Securities and Exchange Commission?

    <p>Pawnshops</p> Signup and view all the answers

    Who supervises Trust entities based on the provided text?

    <p>Bangko Sentral ng Pilipinas</p> Signup and view all the answers

    Which of the following is NOT a Covered Person regulated by the Insurance Commission?

    <p>Quasi-banks</p> Signup and view all the answers

    Who regulates Non-stock savings and loan associations?

    <p>Bangko Sentral ng Pilipinas</p> Signup and view all the answers

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