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Questions and Answers
What is the competency mark required to pass the JSE Equity Settlement Officer's Examination?
What is the competency mark required to pass the JSE Equity Settlement Officer's Examination?
How many multiple-choice questions are included in the JSE Equity Settlement Officer's Examination?
How many multiple-choice questions are included in the JSE Equity Settlement Officer's Examination?
What is the purpose of including distractors in multiple-choice questions?
What is the purpose of including distractors in multiple-choice questions?
According to the rules, why must each member ensure the registration of a settlement officer and an alternate settlement officer?
According to the rules, why must each member ensure the registration of a settlement officer and an alternate settlement officer?
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What is the format of the JSE Equity Settlement Officer's Examination?
What is the format of the JSE Equity Settlement Officer's Examination?
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Is there negative marking in the JSE Equity Settlement Officer's Examination?
Is there negative marking in the JSE Equity Settlement Officer's Examination?
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Who is authorized to conduct money broking transactions according to the text?
Who is authorized to conduct money broking transactions according to the text?
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How must the arrangements for money broking transactions be documented?
How must the arrangements for money broking transactions be documented?
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What should the written mandate for money broking transactions include?
What should the written mandate for money broking transactions include?
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When should the client communicate acceptance of the terms of the mandate?
When should the client communicate acceptance of the terms of the mandate?
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If money broking transactions are conducted in terms of rule 8.150.4.2, who prescribes the requirements for the written mandate?
If money broking transactions are conducted in terms of rule 8.150.4.2, who prescribes the requirements for the written mandate?
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What is the minimum requirement for a written arrangement according to the text?
What is the minimum requirement for a written arrangement according to the text?
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What is an essential issue pertaining to corporate actions that must be addressed in the written arrangement?
What is an essential issue pertaining to corporate actions that must be addressed in the written arrangement?
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When is the client required to make an election according to the text?
When is the client required to make an election according to the text?
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What is the consequence if the client fails to advise the member of their election before the deadline specified?
What is the consequence if the client fails to advise the member of their election before the deadline specified?
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Can the member exercise voting rights on behalf of the client without discretion?
Can the member exercise voting rights on behalf of the client without discretion?
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Which communication aspect between the member and the client is addressed if the member is not granted discretion?
Which communication aspect between the member and the client is addressed if the member is not granted discretion?
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Study Notes
JSE Equity Settlement Officer's Examination
- The competency mark required to pass the JSE Equity Settlement Officer's Examination is not specified.
- The examination consists of multiple-choice questions, with a total of an unspecified number of questions.
- The purpose of including distractors in multiple-choice questions is to test the candidate's knowledge and understanding.
Registration of Settlement Officers
- Each member must ensure the registration of a settlement officer and an alternate settlement officer according to the rules.
- This is to ensure that members have a qualified and authorized person to handle settlement transactions.
Examination Format
- The JSE Equity Settlement Officer's Examination is in a multiple-choice format.
- There is no negative marking in the examination.
Money Broking Transactions
- Only authorized members are allowed to conduct money broking transactions.
- The arrangements for money broking transactions must be properly documented.
- The written mandate for money broking transactions should include the terms and conditions of the transaction.
- The client must communicate acceptance of the terms of the mandate in writing.
- If money broking transactions are conducted in terms of rule 8.150.4.2, the requirements for the written mandate are prescribed by the relevant authority.
- The minimum requirement for a written arrangement is that it must be in compliance with the rules and regulations.
- An essential issue pertaining to corporate actions that must be addressed in the written arrangement is the handling of client elections.
Client Elections
- The client is required to make an election according to the rules and regulations.
- If the client fails to advise the member of their election before the deadline specified, they may forfeit their rights.
- The member cannot exercise voting rights on behalf of the client without discretion, unless explicitly granted.
- If the member is not granted discretion, the communication aspect addressed is the requirement for the member to obtain explicit instructions from the client.
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Description
Prepare for the JSE Equity Settlement Officer's Examination with this study manual. Covers the syllabus as prescribed by the JSE, including rules and regulations for settlement officers.
