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Questions and Answers
What must a trading member consider before entering orders in the JSE trading system?
Which employees must be familiar with the market abuse provisions according to Section 7.50?
What is expected from a trading member's compliance monitoring procedures?
What does Section 80 of the Act address?
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Which of the following is NOT required of a trading member according to Section 7.50?
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Which of the following is NOT a responsibility of a trading member regarding client orders?
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What is a key component of a trading member's compliance monitoring procedures?
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To whom must training on market abuse provisions be provided according to Section 7.50?
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What is an essential consideration for a trading member before entering a client order?
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What is a trading member's obligation regarding employee training and guidance?
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What is the primary purpose of a trading member's compliance monitoring procedures?
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Which of the following is NOT included in the responsibilities of a trading member regarding employee training?
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What is required of a trading member regarding the orders placed by clients?
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How should a trading member approach the monitoring of transactions on the JSE trading system?
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What expectation does Section 7.50 place on trading members regarding transactions?
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A trading member is required to monitor every order entered into the JSE trading system for potential market abuse.
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All employees involved in transactions for IRC securities must receive training on market abuse provisions.
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Reasonable steps must be taken by trading members to ensure clients' orders do not breach sections 78 and 80 of the Act.
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A trading member must only implement compliance procedures for monitoring transactions executed on Fridays.
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Section 7.50 states that a trading member's compliance monitoring should aim to identify potential market abuse transactions.
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Study Notes
Prevention and Detection of Market Abuse
- Trading members must evaluate client orders before inputting them into the JSE trading system, ensuring compliance with section 80 of the Act, which addresses prohibited trading practices.
- Employees dealing with client orders and IRC securities transactions must be well-versed in market abuse provisions found in sections 77 to 80 of the Act to prevent potential violations.
- Adequate training and guidance for employees are essential to help them identify and avoid transactions that may breach market abuse provisions.
- Compliance monitoring procedures should be established by trading members to review orders and trades executed on the JSE trading system. This aims to identify any actions that might violate sections 78 and 80 of the Act.
- The extent of compliance monitoring does not require a comprehensive review of every order and trade but should focus on identifying and addressing potential market abuse effectively.
Prevention and Detection of Market Abuse
- Trading members must evaluate client orders before inputting them into the JSE trading system, ensuring compliance with section 80 of the Act, which addresses prohibited trading practices.
- Employees dealing with client orders and IRC securities transactions must be well-versed in market abuse provisions found in sections 77 to 80 of the Act to prevent potential violations.
- Adequate training and guidance for employees are essential to help them identify and avoid transactions that may breach market abuse provisions.
- Compliance monitoring procedures should be established by trading members to review orders and trades executed on the JSE trading system. This aims to identify any actions that might violate sections 78 and 80 of the Act.
- The extent of compliance monitoring does not require a comprehensive review of every order and trade but should focus on identifying and addressing potential market abuse effectively.
Prevention and Detection of Market Abuse
- Trading members must evaluate client orders before inputting them into the JSE trading system, ensuring compliance with section 80 of the Act, which addresses prohibited trading practices.
- Employees dealing with client orders and IRC securities transactions must be well-versed in market abuse provisions found in sections 77 to 80 of the Act to prevent potential violations.
- Adequate training and guidance for employees are essential to help them identify and avoid transactions that may breach market abuse provisions.
- Compliance monitoring procedures should be established by trading members to review orders and trades executed on the JSE trading system. This aims to identify any actions that might violate sections 78 and 80 of the Act.
- The extent of compliance monitoring does not require a comprehensive review of every order and trade but should focus on identifying and addressing potential market abuse effectively.
Prevention and Detection of Market Abuse
- Trading members must evaluate client orders before inputting them into the JSE trading system, ensuring compliance with section 80 of the Act, which addresses prohibited trading practices.
- Employees dealing with client orders and IRC securities transactions must be well-versed in market abuse provisions found in sections 77 to 80 of the Act to prevent potential violations.
- Adequate training and guidance for employees are essential to help them identify and avoid transactions that may breach market abuse provisions.
- Compliance monitoring procedures should be established by trading members to review orders and trades executed on the JSE trading system. This aims to identify any actions that might violate sections 78 and 80 of the Act.
- The extent of compliance monitoring does not require a comprehensive review of every order and trade but should focus on identifying and addressing potential market abuse effectively.
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Description
Test your knowledge on the prevention and detection of market abuse as outlined in Section 7.50 of the IRC Rules. Understand the responsibilities of trading members and the implications of prohibited trading practices. This quiz covers vital concepts for compliance in trading activities.
