SCA Regulations: Market Oversight & Compliance

What is the frequency with which the board reports on market activities to the Cabinet of Ministers?

Who appoints the chief executive and their deputy at the SCA?

Which of the following is NOT a specified source of income for the SCA?

According to the regulations, what is the protocol for securities price information?

What is the role of the chief executive in the context of the SCA's financial affairs?

Who is responsible for appointing the SCA's auditors?

What condition must be met to temporarily suspend trading in the market?

What is required for the transfer of ownership of securities?

What must the SCA do to monitor and reflect its financial position?

If a company executes transactions in listed securities outside the official market without reporting them, what is the consequence?

Which of the following actions is the SCA empowered to take to support its objectives?

What is the SCA required to ensure regarding companies listed on the markets?

What is the first level of sanction that the SCA board can impose on a market that fails to pay amounts due to the SCA?

According to Federal Law No. 4, what is the issuer of securities required to do regarding the transfer of ownership?

Under what circumstances can the market's board decide to suspend trading?

What is one of the sources of income for the markets?

Which of the following is NOT a specified responsibility of the market's board of directors?

The market's internal regulations must specify which of the following?

What is the role of the market's board of directors in relation to licensed brokers?

Which of the following best describes the board's role in ensuring transparency and disclosure?

The board of directors has the power to establish specialist technical organs. Which of the following is NOT an example of such an organ?

What is the board's responsibility regarding fees charged in implementing the law and related regulations?

A new technology emerges that could significantly improve trading efficiency. Which action aligns with the board's powers?

The board of directors can delegate some of its powers to...

What recourse does a shareholder have if they suspect a transaction with a related party is unfair and harms the company?

According to the content, what is the primary obligation of CISI members beyond legal and regulatory compliance?

A CISI member encounters a situation where the legal course of action may not align with the ethical principles of the Institute. What should they do?

Which statement best describes the CISI's expectation of its members' conduct?

In a situation where a related party transaction is suspected to be unfair, what is the initial legal step that a shareholder can take to investigate the transaction?

What is the potential outcome if a court determines that a related party transaction is unfair and detrimental to other shareholders?

A financial advisor, who is a CISI member, discovers a legal loophole that would greatly benefit their client but could potentially harm the market's integrity. Following the CISI's code, what is their MOST appropriate course of action?

A CISI member is faced with a decision where there are conflicting duties to different stakeholders. According to the information, what is the initial step the professional should take?

According to the Corporate Governance Guide, which of the following scenarios requires approval from the general assembly for a related party transaction?

A company is considering a transaction with a board member's spouse, who owns less than 30% of another company. The transaction's value is 4% of the company's capital. Which approval is needed based on the Corporate Governance Guide?

If a related party transaction, initially approved by the board, undergoes a significant change in terms after approval, what is the next required action?

In which scenario is an evaluation by an assessor accredited by the SCA required for a related party transaction?

A board member owns 40% of Company A. Company A enters into a transaction with the board member's company. The transaction is worth 6% of the company's capital. Who is prohibited from voting on this transaction?

Under what circumstances might a related party transaction lead to liability for damages to the company?

Which situation would be least likely to be considered a related party transaction requiring specific scrutiny under corporate governance guidelines?

A company enters into a transaction with a supplier. One of the board members is also a non-executive director of the supplier but holds less than 30% of its capital. The transaction's value is 3% of the company's capital, and terms are consistent with market rates. What approvals, if any, are required?

Why is the separation of duties between data entry and posting crucial for maintaining the integrity of a back-office system?

What is the primary purpose of setting the server device's time according to the local time zone?

Why is it important to maintain both daily incremental and monthly full backups of the back-office system?

What is the significance of using a non-adjustable, auto-generated serial number when registering entries?

Why is it crucial for a back-office system to print reports that track modifications to date or time entries, indicating the automatic date and time of those entries?

What is the key benefit of a back-office system's ability to upload transaction data from the markets in real-time to the accounting system?

What is the significance of posting entries at the end of the day and preventing amendments after posting?

What is the importance of maintaining an updated copy of the User Manual for the accounting system and providing continuous technical support?