SCA Regulatory Infrastructure Practice Questions
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Uploaded by CharitableSard4357
Lebanese University
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Summary
This document provides practice questions on the regulatory infrastructure of the SCA, including topics like licensing, governance, and financial regulations. The questions cover various aspects of the SCA system, aiding in understanding the regulatory environment and the roles of different stakeholders.
Full Transcript
**Chapter 1: The Regulatory Infrastructure** 1. **What are the objectives of the SCA?** 2. **With exception of the chief executive, how long is the period that SCA board members hold the role when appointed?** 3. **How often should the board of directors report on the markets' activiti...
**Chapter 1: The Regulatory Infrastructure** 1. **What are the objectives of the SCA?** 2. **With exception of the chief executive, how long is the period that SCA board members hold the role when appointed?** 3. **How often should the board of directors report on the markets' activities to the Cabinet of Ministers?** 4. **Where does the funding for the SCA come from?** 5. **What is the aim of the disclosure and transparency rules?** 6. *Answer reference: Section 1.4* 7. **What are the powers of the SCA?** 8. **What documents need to accompany an application from a market?** 9. **How quickly does the board decide on an application from a market?** 10. **What conditions must be satisfied before a market is granted a licence by the SCA?** *Answer reference: Section 3.1.1* 11. **How is a special order defined in terms of trading?** *Answer reference: Section 3.1.4* 12. **List four of the aims of the Corporate Governance Guide.** *Answer reference: Section 4.1.1* 13. **Who has the responsibility of ensuring the implementation of the Corporate Governance Guide?** 14. **What should the Insiders Register include in relation to temporary insiders?** *Answer reference: Section 4.2.3* 15. **What is the obligation imposed on members of the CISI to uphold alongside the rules in relation to compliance?** 16. **Name the stakeholders under Principle 7 - Respect Others and the Environment?** 17. **List the five SCA licence categories.** *Answer reference: Section 6* 18. **How do the capital adequacy requirements differ between the five licence categories?** *Answer reference: Section 6* 19. **What are the two functions that are required in all of the five licence categories?** *Answer reference: Section 6* 20. **What are the main functions that are expected in a firm provided with a first category licence 'dealing in securities'?** 21. **What is the term used for the accounting system that must be in place for firms providing licence category 1 services (dealing in securities).**
