英文證券卷二 HKSI Paper 2 第一章
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- 已答
- 回顧
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1/545問題
1. 問題
1 分QID780:Which of the following demands have to be satisfied by the wide range of financial products and services available in Hong Kong?
I. Meet demands for investmentII. Employment opportunities for locals
III. Employment opportunities for expatriates
IV. Capital and investment protection
正確
Hong Kong’s status as an international financial centre is reflected in the wide range of financial products and services available in Hong Kong, developed to meet demands for investment, capital and income formation and capital raising, the facilitation of cash and capital flows, capital and investment protection (for example, hedging), safe custody and security, speculation and insurance. The financial markets also provide an avenue for price discovery and liquidity of investments.
錯誤
Hong Kong’s status as an international financial centre is reflected in the wide range of financial products and services available in Hong Kong, developed to meet demands for investment, capital and income formation and capital raising, the facilitation of cash and capital flows, capital and investment protection (for example, hedging), safe custody and security, speculation and insurance. The financial markets also provide an avenue for price discovery and liquidity of investments.
提示
Reference Chapter:1.1.1
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2/545問題
2. 問題
1 分QID1034:Globalisation and advances in technology have enabled investors to
I. Participate in different markets
II. Arbitrage between markets
III. Arbitrage between products
IV. Increase investment returns by diversifying正確
Globalisation and advances in technology have enabled investors to move rapidly from one market to another, arbitraging between markets, products and transactions.
錯誤
Globalisation and advances in technology have enabled investors to move rapidly from one market to another, arbitraging between markets, products and transactions.
提示
Reference Chapter:1.1.1
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3/545問題
3. 問題
1 分QID1:The existence of the financial markets in Hong Kong can satisfy which of the following demands?
I. Meet demands for investment, capitalization and risk management.
II. Meet demands for employment
III. Provide an avenue for price discovery
IV. Provide liquidity for investments正確
The demands for employment is not a function satisfied by financial market alone, thus is not a primary reason for the existence of the financial markets in Hong Kong.
錯誤
The demands for employment is not a function satisfied by financial market alone, thus is not a primary reason for the existence of the financial markets in Hong Kong.
提示
Reference Chapter:1.1.1
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4/545問題
4. 問題
1 分QID1658:Hong Kong Financial Regulatory Regime is
正確
Hong Kong Financial Regulatory Regime is able to address new and complex financial products.
錯誤
Hong Kong Financial Regulatory Regime is able to address new and complex financial products.
提示
Reference Chapter:1.1.1
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5/545問題
5. 問題
1 分QID785:The SFC regime adopts which of the following regulatory approaches?
正確
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
錯誤
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
提示
Reference Chapter:1.1.2
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6/545問題
6. 問題
1 分QID784:A risk-based regulatory system refers to a system in which:
正確
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
錯誤
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
提示
Reference Chapter:1.1.2
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7/545問題
7. 問題
1 分QID783:What approach does the SFC take to regulate market intermediaries?
正確
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
錯誤
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
提示
Reference Chapter:1.1.2
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8/545問題
8. 問題
1 分QID787:Which of the following regulatory approach is adopted by the SFC?
正確
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
錯誤
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
提示
Reference Chapter:1.1.2
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9/545問題
9. 問題
1 分QID781:The principal regulator of the securities industry in Hong Kong is the
正確
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO). It is independent, meaning that it is not part of the Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government as described in section 2 above.
錯誤
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO). It is independent, meaning that it is not part of the Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government as described in section 2 above.
提示
Reference Chapter:1.1.2
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10/545問題
10. 問題
1 分QID786:Which of the following regulatory approaches adopted by the SFC is given more regulatory attention towards the areas where the SFC perceives the highest risks to lie?
正確
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
錯誤
An expression used by the SFC to explain its approach to regulation is that it is “risk-based”. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
提示
Reference Chapter:1.1.2
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11/545問題
11. 問題
1 分QID8:Which two of the following philosophies and systems of regulations are commonly used by financial regulators in Hong Kong?
I. Merit Based
II. Sanction Based
III. Disclosure Based
IV. Income Based正確
Sanction Based regulations and Income Based regulations do not exist in Hong Kong. Merit Based regulations is to reduce access to unfavourable investment products or projects by investors. The interest of investors are protected by doing so. Disclosure Based regulations require investment products and projects disclose their strengths and weaknesses maximally, so that investors can make an informed decision.
錯誤
Sanction Based regulations and Income Based regulations do not exist in Hong Kong. Merit Based regulations is to reduce access to unfavourable investment products or projects by investors. The interest of investors are protected by doing so. Disclosure Based regulations require investment products and projects disclose their strengths and weaknesses maximally, so that investors can make an informed decision.
提示
Reference Chapter:1.1.2
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12/545問題
12. 問題
1 分QID782:The SFC is a/an _______ in Hong Kong.
正確
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO). It is independent, meaning that it is not part of the
Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government as described in section 2 above. It is considered the securities and futures market prime regulator.錯誤
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO). It is independent, meaning that it is not part of the
Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government as described in section 2 above. It is considered the securities and futures market prime regulator.提示
Reference Chapter:1.1.2
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13/545問題
13. 問題
1 分QID10:Which system or philosophy of regulations is adopted by the SFC to regulate securities and futures markets?
正確
SFC adopts a“risk-based”approach towards regulations. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
錯誤
SFC adopts a“risk-based”approach towards regulations. This basically means that regulation is weighted towards the areas that pose the greatest risk to the markets and the participants.
提示
Reference Chapter:1.1.2
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14/545問題
14. 問題
1 分QID172:Which of the following is an accurate description of Hong Kong’s financial regulatory structure?
正確
The broad points stated by the Securities Review Committee under Ian Hay Davison were
the need for:
(e) checks and balances on the system, with the exchanges being supervised by a
commission independent of the Government, with the Government only to intervene if
and when the Commission failed to regulate properly錯誤
The broad points stated by the Securities Review Committee under Ian Hay Davison were
the need for:
(e) checks and balances on the system, with the exchanges being supervised by a
commission independent of the Government, with the Government only to intervene if
and when the Commission failed to regulate properly提示
Reference Chapter:1.1.3
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15/545問題
15. 問題
1 分QID5:Which of the followings is not a service provider in the asset management industry?
正確
The definition of asset management is to manage securities and futures portfolio or real estate investment trust for others. Auditors do not manage asset; they merely audit as their primary business. Fund managers manage Collective Investment Schemes; that is managing portfolios of securities and futures or real estate trust for a group of people. Therefore they are service providers in the asset management industry. Stockbrokers buy and sell Collective Investments Schemes on behalf of clients and may also manage securities portfolio for clients. Therefore they are service providers in the asset management industry. Independent Financial Advisers (IFA) provides advice on buying and selling Collective Investment Schemes. Therefore they are service providers of the asset management industry.
錯誤
The definition of asset management is to manage securities and futures portfolio or real estate investment trust for others. Auditors do not manage asset; they merely audit as their primary business. Fund managers manage Collective Investment Schemes; that is managing portfolios of securities and futures or real estate trust for a group of people. Therefore they are service providers in the asset management industry. Stockbrokers buy and sell Collective Investments Schemes on behalf of clients and may also manage securities portfolio for clients. Therefore they are service providers in the asset management industry. Independent Financial Advisers (IFA) provides advice on buying and selling Collective Investment Schemes. Therefore they are service providers of the asset management industry.
提示
Reference Chapter:1.1.4
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16/545問題
16. 問題
1 分QID1500:Which of the following are service providers in the asset management industry?
I. Banks
II. Trustees
III. Custodians
IV. Financial Planners正確
Typical service providers include:
(d) banks; (e.) trustees; (f) custodians; (g) financial planners錯誤
Typical service providers include:
(d) banks; (e.) trustees; (f) custodians; (g) financial planners提示
Reference Chapter:1.1.4
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17/545問題
17. 問題
1 分QID1499:Which of the following are service providers of the Asset Management Industry in Hong Kong?
I. Fund houses
II. Auditors
III. Fund management companies
IV. Stockbrokers正確
Typical service providers include:
(a) fund houses; (b) fund management companies; (c.) stockbrokers錯誤
Typical service providers include:
(a) fund houses; (b) fund management companies; (c.) stockbrokers提示
Reference Chapter:1.1.4
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18/545問題
18. 問題
1 分QID4:Which of the following is a financial service provided by a financial intermediary?
正確
Financial Intermediaries must be compensated in a financial transaction to be view as providing financial services. Setting up a tutorial company is not providing financial services to a third party because it is not a financial transaction. Managing assets for free is not a financial service since it is not compensated. Signing a rental agreement on behalf of a bank is not a financial service because rental agreement itself is not a financial instrument. Providing loans to others with interest is a form of financial service since it is a service in exchange for compensation in a financial transaction.
錯誤
Financial Intermediaries must be compensated in a financial transaction to be view as providing financial services. Setting up a tutorial company is not providing financial services to a third party because it is not a financial transaction. Managing assets for free is not a financial service since it is not compensated. Signing a rental agreement on behalf of a bank is not a financial service because rental agreement itself is not a financial instrument. Providing loans to others with interest is a form of financial service since it is a service in exchange for compensation in a financial transaction.
提示
Reference Chapter:1.1.6
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19/545問題
19. 問題
1 分QID789:Which of the following are major financial services provided in Hong Kong?
I. Trading securities on behalf of clients on the Stock Exchange of Hong Kong (SEHK).
II. Providing margin financing and accommodation on securities trading
III. Acting as an “introducing agent”
IV. Conducting stock borrowing and lending transactions.正確
All of these services are provided by Hong Kong financial companies.
錯誤
All of these services are provided by Hong Kong financial companies.
提示
Reference Chapter:1.1.6
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20/545問題
20. 問題
1 分QID790:Which of the following is NOT a major financial service provided in Hong Kong?
正確
This service is not provided by any Hong Kong financial actor.
錯誤
This service is not provided by any Hong Kong financial actor.
提示
Reference Chapter:1.1.6
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21/545問題
21. 問題
1 分QID2674:Which of the following activity is subject to supervision by the financial regulators?
正確
Providing a loan and charging interest is a financial actitiy that is subjected to supervision by the financial regulators.
錯誤
Providing a loan and charging interest is a financial actitiy that is subjected to supervision by the financial regulators.
提示
Reference Chapter:1.1.7
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22/545問題
22. 問題
1 分QID791:Which of the following are major providers of securities investment and advisory service in Hong Kong?
I. An intermediary trading securities on the Stock Exchange of Hong Kong Limited (SEHK)
II. An intermediary acting on behalf of a foreign intermediary
III. An underwriter
IV. Insurance companies正確
To conclude this initial definition section, the categories of persons conducting Type 1 regulated activity include:
(a) a participant of the SEHK, whether it engages in activities on the SEHK or outside it;
(b) another securities dealer carrying out dealing in securities in Hong Kong;
(c.) a licensed representative of the above;
(d) an AFI registered with the SFC for this activity (and its staff who deal with the public and are on a register maintained by the HKMA as engaged in such activity);
(e.) a portfolio manager who is licensed (as a securities dealer) for Type 1 regulated activity; and
(f) a securities introducing agent (see section 8.13 below).錯誤
To conclude this initial definition section, the categories of persons conducting Type 1 regulated activity include:
(a) a participant of the SEHK, whether it engages in activities on the SEHK or outside it;
(b) another securities dealer carrying out dealing in securities in Hong Kong;
(c.) a licensed representative of the above;
(d) an AFI registered with the SFC for this activity (and its staff who deal with the public and are on a register maintained by the HKMA as engaged in such activity);
(e.) a portfolio manager who is licensed (as a securities dealer) for Type 1 regulated activity; and
(f) a securities introducing agent (see section 8.13 below).提示
Reference Chapter:1.1.7
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23/545問題
23. 問題
1 分QID792:Which of the following individuals/institutions is NOT a provider of securities investment and advisory services in Hong Kong?
正確
Institutional investors are actors but not providers.
錯誤
Institutional investors are actors but not providers.
提示
Reference Chapter:1.1.7
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24/545問題
24. 問題
1 分QID2718:Which of the following is not a common consequence of inadequate corporate governance standards?
正確
Common consequences of deficit in corporate governance standards:
I. Insider trading and other forms of market misconduct
II. Misfeasance, fraud, and misconduct by directors, managers, and other staff causing losses to the company or shareholders
IV. The price of the connected transaction deviates from the market price, causing losses to the company and shareholders錯誤
Common consequences of deficit in corporate governance standards:
I. Insider trading and other forms of market misconduct
II. Misfeasance, fraud, and misconduct by directors, managers, and other staff causing losses to the company or shareholders
IV. The price of the connected transaction deviates from the market price, causing losses to the company and shareholders提示
Reference Chapter:1.10.10
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25/545問題
25. 問題
1 分QID629:Under the SFO, the SFC has which of the following regulatory responsibilities in relation to asset management ?
I. Licensing intermediaries
II. Authorizing MPF Schemes
III. Authorizing CISs
IV. Vetting recognized Investors正確
The functions of the SFC in relation to asset management are two-pronged:
(a) it authorises CISs, including, for example, unit trusts, managed funds and retirement schemes, and supervises the marketing of these CISs; and
(b) it licenses and supervises intermediaries engaged in asset management (Type 9 regulated activity) as well as others engaged in providing advisory services in the industry (Type 4 and Type 5 regulated activities); if they choose to be licensed as dealing in securities and/or futures contracts (Type 1 and/or Type 2 regulated activities), the respective regulatory regime will be applied to them.
The first of these functions is derived from Part IV, SFO and the second from Part V, SFO.錯誤
The functions of the SFC in relation to asset management are two-pronged:
(a) it authorises CISs, including, for example, unit trusts, managed funds and retirement schemes, and supervises the marketing of these CISs; and
(b) it licenses and supervises intermediaries engaged in asset management (Type 9 regulated activity) as well as others engaged in providing advisory services in the industry (Type 4 and Type 5 regulated activities); if they choose to be licensed as dealing in securities and/or futures contracts (Type 1 and/or Type 2 regulated activities), the respective regulatory regime will be applied to them.
The first of these functions is derived from Part IV, SFO and the second from Part V, SFO.提示
Reference Chapter:1.10.11
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26/545問題
26. 問題
1 分QID350:Which of the following organizations does the SFC need to regulate?
正確
The functions of the SFC in relation to asset management are two-pronged: One of those functions is to authorise CISs, including, for example, unit trusts, managed funds and retirement
schemes, and supervises the marketing of these CISs.錯誤
The functions of the SFC in relation to asset management are two-pronged: One of those functions is to authorise CISs, including, for example, unit trusts, managed funds and retirement
schemes, and supervises the marketing of these CISs.提示
Reference Chapter:1.10.11
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27/545問題
27. 問題
1 分QID617:Which of the following entities regulates CISs and supervises the persons’ operating and advising activities?
正確
Powers granted to the SFC include the power to authorise CISs and structured products for offer to the public as well as advertisements and other documents that contain an offer to the public.
錯誤
Powers granted to the SFC include the power to authorise CISs and structured products for offer to the public as well as advertisements and other documents that contain an offer to the public.
提示
Reference Chapter:1.10.11
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28/545問題
28. 問題
1 分QID1243:The SFC performs its regulatory mandate to supervise the industry through which of the following means?
I. Regular inspections, including on-site inspections.
II. Unscheduled inspections, including on-site inspections.
III. Obtaining information from Licensed Corporations (LC)s.
IV. Obtaining information from the Registered Institutions (RI)s.正確
In furtherance of these aims, the SFC conducts regular inspections of licensed corporations which may be conducted either on-site or via a request for information to be provided. The maintenance of proper documentation is critical in this regard.
錯誤
In furtherance of these aims, the SFC conducts regular inspections of licensed corporations which may be conducted either on-site or via a request for information to be provided. The maintenance of proper documentation is critical in this regard.
提示
Reference Chapter:1.10.12
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29/545問題
29. 問題
1 分QID1508:The Securities and Futures Commission (SFC) uses which of the following general principles in regulating asset management?
I. It recognises overseas jurisdictions with acceptable regimes as domiciles for authorised collective investment schemes (CIS).
II. It recognises supervision by specified inspection regimes overseas of management companies located in the respective jurisdictions as acceptable for its purposes.
III. It employs a consultative process involving the industry before making significant regulatory changes.
IV. It seeks to protect the interests of all investors in authorised CIS in Hong Kong and overseas.正確
Certain jurisdictions are deemed to have rules governing the operations of CISs which are comparable with those in Hong Kong; schemes domiciled in such jurisdictions are RJSs.
In order to facilitate compliance with applicable legal and regulatory requirements (in Hong Kong and, where applicable, in overseas jurisdictions), there is a growing tendency, particularly among larger asset managers, to adopt a detailed compliance manual which sets out the asset manager’s policies and procedures in relation to matters of regulatory concern.錯誤
Certain jurisdictions are deemed to have rules governing the operations of CISs which are comparable with those in Hong Kong; schemes domiciled in such jurisdictions are RJSs.
In order to facilitate compliance with applicable legal and regulatory requirements (in Hong Kong and, where applicable, in overseas jurisdictions), there is a growing tendency, particularly among larger asset managers, to adopt a detailed compliance manual which sets out the asset manager’s policies and procedures in relation to matters of regulatory concern.提示
Reference Chapter:1.10.14
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30/545問題
30. 問題
1 分QID1244:In order to facilitate compliance with applicable legal and regulatory requirements in Hong Kong and overseas jurisdictions, which of the following measures can intermediaries take for better coordination?
I. Engage a dedicated compliance officer to oversee adherence to the compliance manual.
II. Appoint a director to serve as a Compliance Officer to oversee adherence to the compliance manual.
III. Maintain close contact with the regulators.
IV. Complement the manual with well defined operational procedures and practices.正確
In order to facilitate compliance with applicable legal and regulatory requirements (in Hong Kong and, where applicable, in overseas jurisdictions), there is a growing tendency to adopt a detailed compliance manual which sets out the securities dealer’s or adviser’s policies and procedures in relation to matters of regulatory concern. In many cases, a dedicated compliance officer is engaged to oversee adherence to the manual, maintain close contact with the regulators and keep abreast of regulatory developments affecting the securities dealer’s or adviser’s business.
錯誤
In order to facilitate compliance with applicable legal and regulatory requirements (in Hong Kong and, where applicable, in overseas jurisdictions), there is a growing tendency to adopt a detailed compliance manual which sets out the securities dealer’s or adviser’s policies and procedures in relation to matters of regulatory concern. In many cases, a dedicated compliance officer is engaged to oversee adherence to the manual, maintain close contact with the regulators and keep abreast of regulatory developments affecting the securities dealer’s or adviser’s business.
提示
Reference Chapter:1.10.14
-
31/545問題
31. 問題
1 分QID1238:To promote, encourage and enforce good compliance practices. Senior management of Licensed Corporations (LC)s and Registered Institutions (RI)s must establish:
I. Good line and reporting structures.
II. Well defined functions and responsibilities.
III. Effective communications channels.
IV. Appropriate transparency and disclosure practices.正確
Senior management must provide the leadership and drive to promote, encourage and enforce, if necessary, good compliance practices. It must establish:
(a) good line and reporting structures;
(b) clearly defined functions and responsibilities;
(c.) effective communications;
(d) appropriate transparency and disclosure practices.錯誤
Senior management must provide the leadership and drive to promote, encourage and enforce, if necessary, good compliance practices. It must establish:
(a) good line and reporting structures;
(b) clearly defined functions and responsibilities;
(c.) effective communications;
(d) appropriate transparency and disclosure practices.提示
Reference Chapter:1.10.3
-
32/545問題
32. 問題
1 分QID509:Corporate governance refers to the system of by which companies are directed and controlled and concerns which of the following groups of people?
I. Company management.
II. Board of Directors.
III. Shareholders.
IV. Stakeholders.正確
Corporate governance has been defined in various ways. It can be seen as primarily concerned with the proper relationship between a company’s management, its board and its shareholders, and possibly also its stakeholders (i.e. groups who have a stake in the healthy existence of a corporation, such as employees, creditors and customers).
錯誤
Corporate governance has been defined in various ways. It can be seen as primarily concerned with the proper relationship between a company’s management, its board and its shareholders, and possibly also its stakeholders (i.e. groups who have a stake in the healthy existence of a corporation, such as employees, creditors and customers).
提示
Reference Chapter:1.10.5
-
33/545問題
33. 問題
1 分QID1684:Good Corporate governance are not required to be responsible for the interest of which of the following
正確
Good Corporate governance are not required to be responsible for the interest of Former Employees.
錯誤
Good Corporate governance are not required to be responsible for the interest of Former Employees.
提示
Reference Chapter:1.10.5
-
34/545問題
34. 問題
1 分QID1237:Which of the following descriptions about corporate governance are correct?
I. It can be seen as primarily concerned with the proper relationship between a company’s management, its board and its shareholders, and possibly also its stakeholders.
II. The governance issue is also concerned with the system by which companies are directed and controlled.
III. The activities of intermediaries frequently concern listed corporations. Accordingly, in addition to considering their own regulatory and corporate governance position, intermediaries need to be aware of the wider impact of corporate governance on their clients and the market.
IV. Markets which exhibit a higher degree of good corporate governance are regarded as more competitive in the international arena.正確
Corporate governance has been defined in various ways. It can be seen as primarily concerned with the proper relationship between a company’s management, its board and its shareholders, and possibly also its stakeholders (i.e. groups who have a stake in the healthy existence of a corporation, such as employees, creditors and customers). The governance issue is therefore also concerned with the system by which companies are directed and controlled.
The activities of intermediaries frequently concern listed corporations. Accordingly, in addition to considering their own regulatory and corporate governance position, intermediaries need to be aware of the wider impact of corporate governance on their clients and the market. It is now generally accepted that investors attach considerable importance to corporate governance when assessing the value of a stock, and that markets which exhibit a higher degree of good corporate governance are regarded as more competitive in the international arena.錯誤
Corporate governance has been defined in various ways. It can be seen as primarily concerned with the proper relationship between a company’s management, its board and its shareholders, and possibly also its stakeholders (i.e. groups who have a stake in the healthy existence of a corporation, such as employees, creditors and customers). The governance issue is therefore also concerned with the system by which companies are directed and controlled.
The activities of intermediaries frequently concern listed corporations. Accordingly, in addition to considering their own regulatory and corporate governance position, intermediaries need to be aware of the wider impact of corporate governance on their clients and the market. It is now generally accepted that investors attach considerable importance to corporate governance when assessing the value of a stock, and that markets which exhibit a higher degree of good corporate governance are regarded as more competitive in the international arena.提示
Reference Chapter:1.10.5
-
35/545問題
35. 問題
1 分QID1239:Corporate governance describes which of the following relationship?
正確
Corporate governance has been defined in various ways. It can be seen as primarily concerned with the proper relationship between a company’s management, its board and its shareholders, and possibly also its stakeholders (i.e. groups who have a stake in the healthy existence of a corporation, such as employees, creditors and customers).
錯誤
Corporate governance has been defined in various ways. It can be seen as primarily concerned with the proper relationship between a company’s management, its board and its shareholders, and possibly also its stakeholders (i.e. groups who have a stake in the healthy existence of a corporation, such as employees, creditors and customers).
提示
Reference Chapter:1.10.5
-
36/545問題
36. 問題
1 分QID2441:A good corporate-governance is not related to which of the following people?
正確
A good corporate-governance is not related to former employees.
錯誤
A good corporate-governance is not related to former employees.
提示
Reference Chapter:1.10.5
-
37/545問題
37. 問題
1 分QID508:Which of the following is NOT included the set of core principles of corporate governance?
正確
The Organisation for Economic Co-operation and Development (“OECD”) has issued a set of core principles of corporate governance practices to include fairness, transparency, accountability and responsibility. Leadership is not one of those principles.
錯誤
The Organisation for Economic Co-operation and Development (“OECD”) has issued a set of core principles of corporate governance practices to include fairness, transparency, accountability and responsibility. Leadership is not one of those principles.
提示
Reference Chapter:1.10.5
-
38/545問題
38. 問題
1 分QID1242:A company may improve its corporate governance through the following means with the exception of:
正確
Having regard to the general concepts set out by the OECD, some of the ways a company may improve its governance are as follows:
(a) installing appropriate checks and balances, such as separating the functions of the chairman and chief executive officer, appointment of independent non-executive directors, establishment of independent audit committees, and setting up committees to control the remuneration and benefits of directors and senior management;
(b) increasing transparency and disclosure to shareholders, stakeholders and the public;
(d) installing strong protective structures for minority shareholders, creditors and other lenders錯誤
Having regard to the general concepts set out by the OECD, some of the ways a company may improve its governance are as follows:
(a) installing appropriate checks and balances, such as separating the functions of the chairman and chief executive officer, appointment of independent non-executive directors, establishment of independent audit committees, and setting up committees to control the remuneration and benefits of directors and senior management;
(b) increasing transparency and disclosure to shareholders, stakeholders and the public;
(d) installing strong protective structures for minority shareholders, creditors and other lenders提示
Reference Chapter:1.10.9
-
39/545問題
39. 問題
1 分QID1241:The primary objective of good corporate governance is to:
正確
A key objective of good governance in any corporate business is to avoid management taking improper advantage of its position to benefit itself in preference to the legitimate interests of the company.
錯誤
A key objective of good governance in any corporate business is to avoid management taking improper advantage of its position to benefit itself in preference to the legitimate interests of the company.
提示
Reference Chapter:1.10.9
-
40/545問題
40. 問題
1 分QID929:Which of the following are not examples of good corporate governance?
I. Set up remuneration committee to control the remuneration of management.
II. Assign the management to multiple roles to cut cost.
III. Offer high degree of discretionary powers to the management to allow them to enhance efficiency.
IV. Install check and balances to limited the power of the management正確
The essence of corporate governance is to enhance transparency and check and balance. The powers of the management should be limited, therefore, installation of check and balances and limiting the management’s remuneration are good practices.
錯誤
The essence of corporate governance is to enhance transparency and check and balance. The powers of the management should be limited, therefore, installation of check and balances and limiting the management’s remuneration are good practices.
提示
Reference Chapter:1.10.9
-
41/545問題
41. 問題
1 分QID2676:Whats the objective of SFC requiring the disclosure of rights?
正確
Disclosure requiremetns are in place to enhance transperancy
錯誤
Disclosure requiremetns are in place to enhance transperancy
提示
Reference Chapter:1.10.9
-
42/545問題
42. 問題
1 分QID1240:Which of the following is NOT a probable measure that can be taken to improve corporate governance?
正確
It’s not required to protect the interests of the management.
錯誤
It’s not required to protect the interests of the management.
提示
Reference Chapter:1.10.9
-
43/545問題
43. 問題
1 分QID2680:Which of the following description does not fit financial regulators in Hong Kong?
正確
Decisions made by the regulators can be overturned or overruled.
錯誤
Decisions made by the regulators can be overturned or overruled.
提示
Reference Chapter:1.10.9
-
44/545問題
44. 問題
1 分QID762:The objectives of segregation of job functions include which of the followings?
I. Avoid conflict of interest.
II. Avoid the omission of errors.
III. Enhance efficiencies of all departments.
IV. Keeping the management power in check.正確
Incompatible duties and functions should be segregated, particularly those which, when performed by the same person, may provide opportunities for abuse or result in the overlooking of errors, thereby exposing the intermediary and its clients to risks.
錯誤
Incompatible duties and functions should be segregated, particularly those which, when performed by the same person, may provide opportunities for abuse or result in the overlooking of errors, thereby exposing the intermediary and its clients to risks.
提示
Reference Chapter:1.10.9
-
45/545問題
45. 問題
1 分QID971:Good corporate governance should separate the functions of
正確
Good corporate governance should separate the functions of Chairman and CEO.
錯誤
Good corporate governance should separate the functions of Chairman and CEO.
提示
Reference Chapter:1.10.9
-
46/545問題
46. 問題
1 分QID512:Good governance practices can include which of the following ways?
I. Installing appropriate checks and balances on the board of
directors and senior management.
II. Having sufficient transparency and disclosure of important facts and information to stakeholders.
III. Installing strong protective structures for majority shareholder.
IV. Identifying and penalizing corporate wrongdoing.正確
A key objective of good governance in any corporate business is to avoid management taking improper advantage of its position to benefit itself in preference to the legitimate interests of the company. Having regard to the general concepts set out by the OECD, some of the ways a company may improve its governance are as follows:
(a) installing appropriate checks and balances.
(b) increasing transparency and disclosure to shareholders, stakeholders and the public;
(c) installing strong protective structures for minority shareholders, creditors and other lenders.
(d) identifying and penalising corporate wrongdoing.錯誤
A key objective of good governance in any corporate business is to avoid management taking improper advantage of its position to benefit itself in preference to the legitimate interests of the company. Having regard to the general concepts set out by the OECD, some of the ways a company may improve its governance are as follows:
(a) installing appropriate checks and balances.
(b) increasing transparency and disclosure to shareholders, stakeholders and the public;
(c) installing strong protective structures for minority shareholders, creditors and other lenders.
(d) identifying and penalising corporate wrongdoing.提示
Reference Chapter:1.10.9
-
47/545問題
47. 問題
1 分QID511:Which of the following measures reflect effective corporate governance?
I. Installing appropriate checks and balances.
II. Increasing transparency and disclosure to shareholders , stakeholders and the public.
III. Adopting international accounting and auditing standards.
IV. Installing strong protective structures for minority shareholders, creditors and other lenders.正確
A key objective of good governance in any corporate business is to avoid management taking improper advantage of its position to benefit itself in preference to the legitimate interests of the company. Having regard to the general concepts set out by the OECD, some of the ways a company may improve its governance are as follows:
(a) installing appropriate checks and balances.
(b) increasing transparency and disclosure to shareholders, stakeholders and the public;
(c) adopting international accounting and auditing standards;
(d) installing strong protective structures for minority shareholders, creditors and other lenders.錯誤
A key objective of good governance in any corporate business is to avoid management taking improper advantage of its position to benefit itself in preference to the legitimate interests of the company. Having regard to the general concepts set out by the OECD, some of the ways a company may improve its governance are as follows:
(a) installing appropriate checks and balances.
(b) increasing transparency and disclosure to shareholders, stakeholders and the public;
(c) adopting international accounting and auditing standards;
(d) installing strong protective structures for minority shareholders, creditors and other lenders.提示
Reference Chapter:1.10.9
-
48/545問題
48. 問題
1 分QID510:Corporate governance includes which of the following features?
I. The recruitment of experienced executive directors who are realistically rewarded to ensure that the business is run
efficiently.
II. The installation of a well regulated structure incorporating close and detailed top managerial supervision of day-to-day
operations of the business.
III. The recruitment of experienced non-executive directors with the objective of ensuring a good balance between executive
and non-executive directors.
IV. Installation of audit and remuneration committees who will ensure independent audits and fair performance geared reward structures.正確
A key objective of good governance in any corporate business is to avoid management taking improper advantage of its position to benefit itself in preference to the legitimate interests of the company. Having regard to the general concepts set out by the OECD, some of the ways a company may improve its governance are as follows:
(a) installing appropriate checks and balances, such as separating the functions of Chairman and CEO; appointment of independent non-executive directors; establishment of independent audit committees; setting up committees to control the remuneration and benefits of directors and senior management.錯誤
A key objective of good governance in any corporate business is to avoid management taking improper advantage of its position to benefit itself in preference to the legitimate interests of the company. Having regard to the general concepts set out by the OECD, some of the ways a company may improve its governance are as follows:
(a) installing appropriate checks and balances, such as separating the functions of Chairman and CEO; appointment of independent non-executive directors; establishment of independent audit committees; setting up committees to control the remuneration and benefits of directors and senior management.提示
Reference Chapter:1.10.9
-
49/545問題
49. 問題
1 分QID2757:Which of the following is a concept provided by the Organisation for Economic Co-operation and Development that a company can improve the level of corporate governance?
I. Distinguish between the Chief Executive Officer and the Chairman of the Board
II. Enhance transparency disclosure to shareholders and stakeholders
III. Establish a compensation committee to monitor senior management compensation
IV. Establish a robust protection structure for minority shareholders, creditors or other stakeholders正確
The Organisation for Economic Co-operation and Development offers the concept that companies can improve the level of corporate governance by the following methods:
I. Distinguish between the Chief Executive Officer and the Chairman
II. Enhance transparency disclosure to shareholders and stakeholders
III. Establish a compensation committee to monitor senior management compensation
IV. Establish a strong protection structure for minority shareholders, creditors, or other stakeholders
V. Establish an independent audit committee
VI. Identify business misconduct
VII. Adopt international accounting and auditing standards錯誤
The Organisation for Economic Co-operation and Development offers the concept that companies can improve the level of corporate governance by the following methods:
I. Distinguish between the Chief Executive Officer and the Chairman
II. Enhance transparency disclosure to shareholders and stakeholders
III. Establish a compensation committee to monitor senior management compensation
IV. Establish a strong protection structure for minority shareholders, creditors, or other stakeholders
V. Establish an independent audit committee
VI. Identify business misconduct
VII. Adopt international accounting and auditing standards提示
Reference Chapter:1.10.9
-
50/545問題
50. 問題
1 分QID82:Which of the following correctly describe the power of the SFC?
I. Breaches of the subsidiary legislations of the SFO are not criminal offences
II. Breaches of the subsidiary legislations of the SFO are criminal offences
III. The SFC may refer serious cases to law enforcement agencies such as the Commercial Crimes Bureau (“CCB”) of the Hong Kong Police Force or the Independent Commission Against Corruption (“ICAC”) for investigation and action.
IV. The SFC may also apply to the courts for an injunction to restrain a person from dealing with his assets, or from carrying on all or a part of his business, if the SFC can make a case to show that it is in the public interest to issue such an order.正確
The SFC may enquire into or investigate suspected breaches of the SFO and any subsidiary legislation, codes and guidelines:
(a) Breaches of the SFO and subsidiary legislation are legal offences and will be investigated by the SFC and enforcement action taken; the SFC may refer serious cases to law enforcement agencies such as the Commercial Crimes Bureau (“CCB”) of the Hong Kong Police Force or the Independent Commission Against Corruption (“ICAC”) for investigation and action.
(b) The SFC may also apply to the courts for an injunction to restrain a person from dealing with his assets, or from carrying on all or a part of his business, if it can make a case to show that it is in the public interest to issue such an order.錯誤
The SFC may enquire into or investigate suspected breaches of the SFO and any subsidiary legislation, codes and guidelines:
(a) Breaches of the SFO and subsidiary legislation are legal offences and will be investigated by the SFC and enforcement action taken; the SFC may refer serious cases to law enforcement agencies such as the Commercial Crimes Bureau (“CCB”) of the Hong Kong Police Force or the Independent Commission Against Corruption (“ICAC”) for investigation and action.
(b) The SFC may also apply to the courts for an injunction to restrain a person from dealing with his assets, or from carrying on all or a part of his business, if it can make a case to show that it is in the public interest to issue such an order.提示
Reference Chapter:1.11.
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51/545問題
51. 問題
1 分QID888:Can the SFC conduct supervisory inspections on the associated entity of an intermediary?
正確
The SFC can conduct supervisory inspections on an intermediary or an associated entity of an intermediary.
錯誤
The SFC can conduct supervisory inspections on an intermediary or an associated entity of an intermediary.
提示
Reference Chapter:1.11.3
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52/545問題
52. 問題
1 分QID206:These are key provisions of the SFO that give the SFC considerable powers to investigate, among other things, possible breaches of the SFO, misfeasance and activities not in the public interest. The powers that SFC possesses include which of the followings?
I. SFC can only investigate licenced corporation
II. SFC can require an individual to provide evidence to an investigation, regardless of whether the individual is an intermediary or not.
III. SFC may apply to the court to order a person who does not comply with requirements made by the authorised person or investigator under relevant provisions to do so.
IV. SFC may require an individual under investigation to make a statutory declaration that he is unable to provide the evidence for reasons to be stated, if such is the case.正確
The SFC may authorise an employee (or another person with the consent of the Financial Secretary) to carry out an investigation. The person so authorised may investigate any person. A person under investigation is required to:
(a) provide documents and explanations;
(e.) make a statutory declaration that he is unable to provide the evidence for reasons to be stated, if such is the case.
The SFC may apply to the court to order a person who does not comply with requirements made by the authorised person or investigator under relevant provisions to do so (s. 185, SFO).錯誤
The SFC may authorise an employee (or another person with the consent of the Financial Secretary) to carry out an investigation. The person so authorised may investigate any person. A person under investigation is required to:
(a) provide documents and explanations;
(e.) make a statutory declaration that he is unable to provide the evidence for reasons to be stated, if such is the case.
The SFC may apply to the court to order a person who does not comply with requirements made by the authorised person or investigator under relevant provisions to do so (s. 185, SFO).提示
Reference Chapter:1.11.3
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53/545問題
53. 問題
1 分QID1246:Kaohsiung Securities is a licensed corporation, it appears to the SFC that Kaohsiung may be unable to meet the requirements of the FRR. As a result, SFC has started to investigate Kaohsiung Securities, how should Kaohsiung Securities act in satisfying the investigative demands of the SFC?
I. Accept the SFC onsite inspection
II. Provide evidence that it can meet the requirement of the FRR in 5 days.
III. Provide documents and evidence if required by the investigators of the SFC
IV. Instruct the auditor to deal with the SFC on behalf of the company正確
Section 183, SFO requires the person under investigation to:
(a) provide documents and explanations;
(b) attend before the investigator at the time and place the investigator requires in writing and to answer questions;
(d) substantiate his answers, explanations or statements by making a statutory declaration錯誤
Section 183, SFO requires the person under investigation to:
(a) provide documents and explanations;
(b) attend before the investigator at the time and place the investigator requires in writing and to answer questions;
(d) substantiate his answers, explanations or statements by making a statutory declaration提示
Reference Chapter:1.11.7
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54/545問題
54. 問題
1 分QID205:The Securities and Futures Commission (SFC), is conducting an investigation on insider trading. Miss Ko, a retail investor, is required to provide information in the course of the investigation. While Miss Ko is not involved in insider trading, is she required to provide information to the SFC?
正確
There are a number of grounds under which the SFC may carry out an enquiry into a listed company. It has powers to obtain records and documents, explanations and statements on
oath as to why, if such is the case, the information cannot be produced.
The persons who may be subject to the enquiry include:
(e.) any person.錯誤
There are a number of grounds under which the SFC may carry out an enquiry into a listed company. It has powers to obtain records and documents, explanations and statements on
oath as to why, if such is the case, the information cannot be produced.
The persons who may be subject to the enquiry include:
(e.) any person.提示
Reference Chapter:1.11.7
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55/545問題
55. 問題
1 分QID219:Mdm. Liu is a senior citizen. She is a stock investment enthusiast but suffers losses often. The SFC recently conducted an investigation on a company called Sana Seoi Bean Curd and discovered that Mdm. Liu traded the company’s stocks frequently. Thus, the SFC suspected Mdm. Liu of being involved in acts of market misconduct such as the manipulation of the stock market and requested that she participate in the investigation process. Mdm. Liu had neither knowledge, nor intention of manipulating the stock market. As the SFC investigations were going on for a long time, Mdm. Liu wanted to end the meeting earlier and thus deliberately provided false information perfunctorily to the SFC so as to complete the investigation. Had Mdm. Liu committed an offence according to the Securities and Futures Ordinance?
正確
A person commits an offence if he provides to the SFC (whether in applications or in other circumstances) false or misleading information as to a material particular knowingly or recklessly as to whether it is false or misleading (ss. 383 and 384, SFO).
錯誤
A person commits an offence if he provides to the SFC (whether in applications or in other circumstances) false or misleading information as to a material particular knowingly or recklessly as to whether it is false or misleading (ss. 383 and 384, SFO).
提示
Reference Chapter:1.11.8
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56/545問題
56. 問題
1 分QID207:An employee of the SFC, an authorised person or an investigator may, under which of the following appropriate circumstances, apply to a magistrate for the issue of a warrant?
I. Authorizing specified persons, a police officer and such other persons as may be necessary to assist in the execution of the warrant to enter specified premises, if necessary by force, at any time within 7 days.
II. Requiring any person on the premises to produce any relevant documents.
III. Prohibiting any person to erase or alter or remove any relevant documents.
IV. Authorizing the specified persons to search for, seize and remove any relevant documents.正確
An employee of the SFC, an authorised person or an investigator may, in appropriate circumstances, apply to a magistrate for the issue of a warrant:
(a) authorising specified persons, a police officer and such other persons as may be necessary to assist in the execution of the warrant to enter specified premises, if necessary by force, at any time within seven days;
(b) requiring any person on the premises to produce any relevant documents;
© prohibiting any person to erase or alter or remove any relevant documents; and
(d) authorising the specified persons to:
(i) search for, seize and remove any relevant documents錯誤
An employee of the SFC, an authorised person or an investigator may, in appropriate circumstances, apply to a magistrate for the issue of a warrant:
(a) authorising specified persons, a police officer and such other persons as may be necessary to assist in the execution of the warrant to enter specified premises, if necessary by force, at any time within seven days;
(b) requiring any person on the premises to produce any relevant documents;
© prohibiting any person to erase or alter or remove any relevant documents; and
(d) authorising the specified persons to:
(i) search for, seize and remove any relevant documents提示
Reference Chapter:1.11.9
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57/545問題
57. 問題
1 分QID208:The issue of warrant that SFC receives when it applies to the magistrate does NOT include which of the following items of power?
正確
Six months is the longest period permitted for an order to retain documents established by a regular warrant. Any period beyond that must be requested.
錯誤
Six months is the longest period permitted for an order to retain documents established by a regular warrant. Any period beyond that must be requested.
提示
Reference Chapter:1.11.9
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58/545問題
58. 問題
1 分QID2716:Which of the following may amend what is regulated activity by Gazette?
正確
The Financial Secretary shall amend by the Gazette what is a regulated activity.
錯誤
The Financial Secretary shall amend by the Gazette what is a regulated activity.
提示
Reference Chapter:1.12.
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59/545問題
59. 問題
1 分QID794:Please rank the importance of the following in descending order
正確
Ordinances are statutory, rules and guidelines are enforced.
Codes do not have the force of law in Hong Kong but only in other countries.錯誤
Ordinances are statutory, rules and guidelines are enforced.
Codes do not have the force of law in Hong Kong but only in other countries.提示
Reference Chapter:1.2.
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60/545問題
60. 問題
1 分QID221:What are the powers of the Financial Secretary in relation to securities and CISs?
正確
Powers are given to the Financial Secretary to prescribe, by notice in the Gazette:
(a) new financial products as being (or not being) securities or futures contracts, and new financial arrangements as CISs, thus capturing new products in the regulatory net as appropriate (ss. 392 and 393, SFO)錯誤
Powers are given to the Financial Secretary to prescribe, by notice in the Gazette:
(a) new financial products as being (or not being) securities or futures contracts, and new financial arrangements as CISs, thus capturing new products in the regulatory net as appropriate (ss. 392 and 393, SFO)提示
Reference Chapter:1.2.1
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61/545問題
61. 問題
1 分QID1035:The Securities and Futures Ordinance (SFO) is the principal legislative document governing which markets in Hong Kong?
正確
The SFO is the principal legislative document governing the securities market in Hong Kong.
錯誤
The SFO is the principal legislative document governing the securities market in Hong Kong.
提示
Reference Chapter:1.2.1
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62/545問題
62. 問題
1 分QID744:Which of the following individuals or entities should adhere to Securities and Futures (Accounts and Audit) Rules?
正確
The SFC has made the Accounts and Audit Rules specifying the form and contents of financial statements and other documents that licensed corporations and associated entities of intermediaries (both licensed corporations and registered institutions) should prepare and the content of auditors’ reports.
錯誤
The SFC has made the Accounts and Audit Rules specifying the form and contents of financial statements and other documents that licensed corporations and associated entities of intermediaries (both licensed corporations and registered institutions) should prepare and the content of auditors’ reports.
提示
Reference Chapter:1.2.1
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63/545問題
63. 問題
1 分QID1036:Which of the following are the power that the Securities and Futures Ordinance (SFO) empowers the SFC with?
I. The power to introduce subsidiary legislation.
II. The power to issue codes and guidelines.
III. The power to amend the Securities and Futures Ordinance.
IV. The power to revoke the Securities and Futures Ordinance.正確
Part VII empowers the SFC to make subsidiary legislation (s. 168, SFO) and/or codes (s. 169, SFO).
錯誤
Part VII empowers the SFC to make subsidiary legislation (s. 168, SFO) and/or codes (s. 169, SFO).
提示
Reference Chapter:1.2.2
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64/545問題
64. 問題
1 分QID847:The rules issued by the SFC, such as Client Securities Rules, are
正確
These are some of the Major Subsidiary Legislation:
1.1 Securities and Futures (Financial Resources) Rules
1.2 Securities and Futures (Client Securities) Rules
1.3 Securities and Futures (Client Money) Rules
1.4 Securities and Futures (Keeping of Records) Rules
1.5 Securities and Futures (Contract Notes, Statements of Account and Receipts) Rules
1.6 Securities and Futures (Accounts and Audit) Rules,
plus many others.錯誤
These are some of the Major Subsidiary Legislation:
1.1 Securities and Futures (Financial Resources) Rules
1.2 Securities and Futures (Client Securities) Rules
1.3 Securities and Futures (Client Money) Rules
1.4 Securities and Futures (Keeping of Records) Rules
1.5 Securities and Futures (Contract Notes, Statements of Account and Receipts) Rules
1.6 Securities and Futures (Accounts and Audit) Rules,
plus many others.提示
Reference Chapter:1.2.2
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65/545問題
65. 問題
1 分QID1037:Failing to follow SFC-issued codes, guidelines and guidance notes may result in which of the following?
I. Reflect adversely on the fitness and properness of licensed or registered persons to continue to be so licensed or registered.
II. Imprisonment.
III. Civil consequences.
IV. A higher tax bracket.正確
The SFO also empowers the SFC to issue codes, guidelines and guidance notes. These do not have the force of law and do not override the provisions of any applicable law. However, a
failure to follow the spirit of the codes, guidelines and guidance notes may reflect adversely on the fitness and properness of licensed or registered persons to continue to be so licensed or
registered.錯誤
The SFO also empowers the SFC to issue codes, guidelines and guidance notes. These do not have the force of law and do not override the provisions of any applicable law. However, a
failure to follow the spirit of the codes, guidelines and guidance notes may reflect adversely on the fitness and properness of licensed or registered persons to continue to be so licensed or
registered.提示
Reference Chapter:1.2.3
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66/545問題
66. 問題
1 分QID773:The SFC-issued codes, guidelines and guidance notes
正確
Codes and guidelines do not have the force of law and are not legally enforceable. However, the SFC is able to penalise licensed or registered persons breaching the codes and guidelines by applying the blanket principle that a breach of these may impugn the licensed or registered person’s fitness and properness to remain licensed or registered.
錯誤
Codes and guidelines do not have the force of law and are not legally enforceable. However, the SFC is able to penalise licensed or registered persons breaching the codes and guidelines by applying the blanket principle that a breach of these may impugn the licensed or registered person’s fitness and properness to remain licensed or registered.
提示
Reference Chapter:1.2.3
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67/545問題
67. 問題
1 分QID420:Which of the following codes specifies conduct requirements for SFC licensees involved in the discretionary management of CISs, and supplements the SFC’s codes and requirements for all licensees?
正確
The FMCC applies to intermediaries conducting discretionary management of CISs (whether or not the CISs are authorised by the SFC) and their representatives (“Fund Managers”).
錯誤
The FMCC applies to intermediaries conducting discretionary management of CISs (whether or not the CISs are authorised by the SFC) and their representatives (“Fund Managers”).
提示
Reference Chapter:1.2.3
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68/545問題
68. 問題
1 分QID1038:The SFC-issued codes, guidelines and guidance notes are generally only subject to
正確
Part XVI gathers together a number of provisions of common application as well as regulatory powers. It includes miscellaneous provisions that do not fit elsewhere and additional ones which relate to the increase in civil law applications.
錯誤
Part XVI gathers together a number of provisions of common application as well as regulatory powers. It includes miscellaneous provisions that do not fit elsewhere and additional ones which relate to the increase in civil law applications.
提示
Reference Chapter:1.2.3
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69/545問題
69. 問題
1 分QID415:Codes and guidelines issued by the SFC which apply to licensed or registered persons in the Asset Management Industries includes
I. The Conduct Guidelines of Intermediaries
II. The Code of Conduct
III. The Internal Control Guidelines (ICG)
IV. The Prevention of Money Laundering and Terrorist Financing Guidance Note (“MLGN”)正確
Option I included in the question is not a real code, the other three do exist and apply to asset managers.
錯誤
Option I included in the question is not a real code, the other three do exist and apply to asset managers.
提示
Reference Chapter:1.2.3
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70/545問題
70. 問題
1 分QID83:Which of the following correctly describes the status of SFC’s code of conducts and guidelines?
正確
The SFC may enquire into or investigate suspected breaches of the SFO and any subsidiary legislation, codes and guidelines:
(d) Codes and guidelines do not have the force of law and are not legally enforceable.
However, the SFC is able to penalise licensed or registered persons breaching the codes and guidelines by applying the blanket principle that a breach of these may impugn the licensed or registered person’s fitness and properness to remain licensed or registered.錯誤
The SFC may enquire into or investigate suspected breaches of the SFO and any subsidiary legislation, codes and guidelines:
(d) Codes and guidelines do not have the force of law and are not legally enforceable.
However, the SFC is able to penalise licensed or registered persons breaching the codes and guidelines by applying the blanket principle that a breach of these may impugn the licensed or registered person’s fitness and properness to remain licensed or registered.提示
Reference Chapter:1.2.3
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71/545問題
71. 問題
1 分QID85:What is the legal status of codes and guidelines issued by the SFC?
I. Codes of conduct are subsidiary legislation and have the force of law.
II. Guidelines are subsidiary legislation and have the force of law.
III. Codes of conduct do not have the force of law, a breach does not by itself render a person liable to any judicial or other proceedings.
IV. Guidelines do not have the force of law, a breach does not by itself render a person liable to any judicial or other proceedings.正確
The SFC may enquire into or investigate suspected breaches of the SFO and any subsidiary legislation, codes and guidelines: (d) Codes and guidelines do not have the force of law and are not legally enforceable.
However, the SFC is able to penalise licensed or registered persons breaching the codes and guidelines by applying the blanket principle that a breach of these may impugn the licensed or registered person’s fitness and properness to remain licensed or registered.錯誤
The SFC may enquire into or investigate suspected breaches of the SFO and any subsidiary legislation, codes and guidelines: (d) Codes and guidelines do not have the force of law and are not legally enforceable.
However, the SFC is able to penalise licensed or registered persons breaching the codes and guidelines by applying the blanket principle that a breach of these may impugn the licensed or registered person’s fitness and properness to remain licensed or registered.提示
Reference Chapter:1.2.3
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72/545問題
72. 問題
1 分QID179:The principal ordinance applicable to the asset management industry is the
正確
The principal ordinances applicable to the asset management industry are the SFO, the Mandatory Provident Fund Schemes Ordinance (“MPFSO”), the Occupational Retirement
Schemes Ordinance (“ORSO”), the Insurance Ordinance and, to a lesser extent, the Banking Ordinance, the Employment Ordinance, the Inland Revenue Ordinance and the Trustee
Ordinance.錯誤
The principal ordinances applicable to the asset management industry are the SFO, the Mandatory Provident Fund Schemes Ordinance (“MPFSO”), the Occupational Retirement
Schemes Ordinance (“ORSO”), the Insurance Ordinance and, to a lesser extent, the Banking Ordinance, the Employment Ordinance, the Inland Revenue Ordinance and the Trustee
Ordinance.提示
Reference Chapter:1.2.3
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73/545問題
73. 問題
1 分QID22:Which of the following are duties of the HKMA?
I. Protect the interest of insurance policies holder
II. Maintain currency stability
III. Enhance the efficiency and integrity of the financial system
IV. Ensure the safety and stability of the banking system正確
The HKMA is required to maintain currency stability, ensure the safety and stability of the banking system, and promote the efficiency, integrity and development of the financial system.
錯誤
The HKMA is required to maintain currency stability, ensure the safety and stability of the banking system, and promote the efficiency, integrity and development of the financial system.
提示
Reference Chapter:1.2.3
-
74/545問題
74. 問題
1 分QID190:The SFO has provided powers for the SFC to make detailed rules relating to which of the following?
I. Financial Resources
II. Handling of client money and other client assets
III. The keeping of accounts and records
IV. Auditing matters正確
The SFO grants the SFC powers to make detailed
rules relating to:
(a) their financial resources;
(b) the handling of client money and other client assets;
© the keeping of accounts and records; and
(d) auditing matters.錯誤
The SFO grants the SFC powers to make detailed
rules relating to:
(a) their financial resources;
(b) the handling of client money and other client assets;
© the keeping of accounts and records; and
(d) auditing matters.提示
Reference Chapter:1.2.3
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75/545問題
75. 問題
1 分QID87:Under the provisions of the Securities and Futures Ordinance (SFO), which of the following statements relating to rules and codes of conduct are correct?
I. Failure by a licensed person to comply with a material provision of a code of conduct will of itself make the person liable to judicial proceedings.
II. A code of conduct violation shall be admissible as evidence in court proceedings.
III. The Securities and Futures Commission (SFC) is empowered under the SFO to make rules or codes of conduct.
IV. A breach of a provision in a code of conduct by a licensed person may cast doubts on his fitness and properness to hold the licence.正確
The SFC may enquire into or investigate suspected breaches of the SFO and any subsidiary legislation, codes and guidelines:
(c) Persons prejudiced by the perpetration of market misconduct may take civil action against the wrongdoer through the courts to obtain redress. The SFO has provisions for the findings of the Market Misconduct Tribunal to be admissible in evidence in private civil actions.
(d) Codes and guidelines do not have the force of law and are not legally enforceable. However, the SFC is able to penalise licensed or registered persons breaching the codes and guidelines by applying the blanket principle that a breach of these may impugn the licensed or registered person’s fitness and properness to remain licensed or registered.錯誤
The SFC may enquire into or investigate suspected breaches of the SFO and any subsidiary legislation, codes and guidelines:
(c) Persons prejudiced by the perpetration of market misconduct may take civil action against the wrongdoer through the courts to obtain redress. The SFO has provisions for the findings of the Market Misconduct Tribunal to be admissible in evidence in private civil actions.
(d) Codes and guidelines do not have the force of law and are not legally enforceable. However, the SFC is able to penalise licensed or registered persons breaching the codes and guidelines by applying the blanket principle that a breach of these may impugn the licensed or registered person’s fitness and properness to remain licensed or registered.提示
Reference Chapter:1.2.3
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76/545問題
76. 問題
1 分QID163:According to the NCO, which of the following methods of liquidation is accepted?
I. Compulsory Liquidation
II. Members’ Voluntary Winding-Up
III. Creditors’ Voluntary Winding-Up
IV. Director Compulsory Liquidation正確
These are the three ways for a liquidation to happen, according to the NCO:
1. A compulsory winding-up ordered by the court, and the liquidator is appointed by the court and acts under its control. A voluntary winding-up may be started by members or creditors. There are fewer formalities than with a compulsory liquidation and this route is far more popular.
2. Members’ voluntary winding-up (s. 233, CWUMPO)
This may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency” to the effect that they
have:
(a) made a full enquiry into the affairs of the company; and
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.
3. Creditors’ voluntary winding-up (ss. 241 to 243, CWUMPO)
The company shall arrange a meeting of the creditors to be summoned for the day when the resolution to wind up is proposed or for the next day. Advertisements must be run in the
Gazette and newspapers. A statement of the position of the company’s affairs, and a list of creditors and amounts due, will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.錯誤
These are the three ways for a liquidation to happen, according to the NCO:
1. A compulsory winding-up ordered by the court, and the liquidator is appointed by the court and acts under its control. A voluntary winding-up may be started by members or creditors. There are fewer formalities than with a compulsory liquidation and this route is far more popular.
2. Members’ voluntary winding-up (s. 233, CWUMPO)
This may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency” to the effect that they
have:
(a) made a full enquiry into the affairs of the company; and
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.
3. Creditors’ voluntary winding-up (ss. 241 to 243, CWUMPO)
The company shall arrange a meeting of the creditors to be summoned for the day when the resolution to wind up is proposed or for the next day. Advertisements must be run in the
Gazette and newspapers. A statement of the position of the company’s affairs, and a list of creditors and amounts due, will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.提示
Reference Chapter:1.3.
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77/545問題
77. 問題
1 分QID137:Model articles of private companies and public companies consist of which of the followings?
I. Capital
II. Members
III. Officers
IV. Miscellaneous provision正確
Model articles of association for private companies, public companies and guarantee companies are provided in the Companies (Model Articles) Notice. Model articles of private companies and public companies consist broadly of four parts including matters relating to:
(a) officers, including powers, duties, appointments and disqualifications of directors, appointments and removal of company secretaries;
(b) members, including meetings and voting procedures;
© capital, such as share capital, rights and dealings with shares and dividends; and
(d) miscellaneous provisions such as communications to and by the company and administrative arrangements.錯誤
Model articles of association for private companies, public companies and guarantee companies are provided in the Companies (Model Articles) Notice. Model articles of private companies and public companies consist broadly of four parts including matters relating to:
(a) officers, including powers, duties, appointments and disqualifications of directors, appointments and removal of company secretaries;
(b) members, including meetings and voting procedures;
© capital, such as share capital, rights and dealings with shares and dividends; and
(d) miscellaneous provisions such as communications to and by the company and administrative arrangements.提示
Reference Chapter:1.3.10
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78/545問題
78. 問題
1 分QID1042:Which of the following are included and defined in the articles of association?
I. Members, including meeting and procedures
II. Officers, including powers, duties, appointments and disqualifications of directors, appointment of managing directors and company secretaries
III. Capital, such as dividends, reserves, accounts and audit.
IV. Miscellaneous provisions such as communications to and by the company and administrative arrangements.正確
Model articles of association for private companies, public companies and guarantee companies are provided in the Companies (Model Articles) Notice. Model articles of private companies and public companies consist broadly of four parts including matters relating to:
(a) officers, including powers, duties, appointments and disqualifications of directors, appointments and removal of company secretaries;
(b) members, including meetings and voting procedures;
© capital, such as share capital, rights and dealings with shares and dividends; and
(d) miscellaneous provisions such as communications to and by the company and administrative arrangements.錯誤
Model articles of association for private companies, public companies and guarantee companies are provided in the Companies (Model Articles) Notice. Model articles of private companies and public companies consist broadly of four parts including matters relating to:
(a) officers, including powers, duties, appointments and disqualifications of directors, appointments and removal of company secretaries;
(b) members, including meetings and voting procedures;
© capital, such as share capital, rights and dealings with shares and dividends; and
(d) miscellaneous provisions such as communications to and by the company and administrative arrangements.提示
Reference Chapter:1.3.10
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79/545問題
79. 問題
1 分QID2849:Which of the following statements about the directors of a company is correct?
I. Except as restricted by the company’s articles of association, company regulations or special resolutions, the directors may exercise all the powers of the company.
II. If the directors are unwilling to act, members may intervene in management matters at a general meeting.
III. Members may limit the powers of directors by resolution at a general meeting.
IV. Directors should hold a meeting (board meeting) before making a decision, and exercise their power only after the resolution is passed at the meeting.正確
Members cannot pass a resolution at a general meeting to limit the powers of a director unless the director is unwilling to act or the director is in breach of fiduciary duty.
錯誤
Members cannot pass a resolution at a general meeting to limit the powers of a director unless the director is unwilling to act or the director is in breach of fiduciary duty.
提示
Reference Chapter:1.3.10
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80/545問題
80. 問題
1 分QID1050:According to the new regulations of the New Company Ordinance (NCO), which of the following is NOT included in the articles of association?
正確
Model articles of association for private companies, public companies and guarantee companies are provided in the Companies (Model Articles) Notice. Model articles of private
companies and public companies consist broadly of four parts including matters relating to:
(a) officers, including powers, duties, appointments and disqualifications of directors, appointments and removal of company secretaries;
(b) members, including meetings and voting procedures;
© capital, such as share capital, rights and dealings with shares and dividends; and
(d) miscellaneous provisions such as communications to and by the company and administrative arrangements.錯誤
Model articles of association for private companies, public companies and guarantee companies are provided in the Companies (Model Articles) Notice. Model articles of private
companies and public companies consist broadly of four parts including matters relating to:
(a) officers, including powers, duties, appointments and disqualifications of directors, appointments and removal of company secretaries;
(b) members, including meetings and voting procedures;
© capital, such as share capital, rights and dealings with shares and dividends; and
(d) miscellaneous provisions such as communications to and by the company and administrative arrangements.提示
Reference Chapter:1.3.10
-
81/545問題
81. 問題
1 分QID1048:General meetings of shareholders are very important as
正確
Company meetings of shareholders are very important as they provide the only opportunity for shareholders to exercise any control over the affairs of the company or take part in its operations.
錯誤
Company meetings of shareholders are very important as they provide the only opportunity for shareholders to exercise any control over the affairs of the company or take part in its operations.
提示
Reference Chapter:1.3.11
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82/545問題
82. 問題
1 分QID2422:Which of the following can call a meeting other than the annual general meetings?
I. Shareholders
II. Directors
III. Creditors
IV. Court正確
Which of the following can call a meeting other than the annual general meetings?
I. Shareholders
II. Directors
III. Court錯誤
Which of the following can call a meeting other than the annual general meetings?
I. Shareholders
II. Directors
III. Court提示
Reference Chapter:1.3.13
-
83/545問題
83. 問題
1 分QID1054:Company meetings can be requested by which of the following
I. Directors
II. The court
III. Shareholders
IV. Liquidator正確
Other general meetings may be requested by directors, shareholders and the court.
錯誤
Other general meetings may be requested by directors, shareholders and the court.
提示
Reference Chapter:1.3.13
-
84/545問題
84. 問題
1 分QID1057:The AGM includes the presentation and approval of which of the following?
I. Annual accounts and audit reports
II. Declaration of dividends
III. Assignment of Directors
IV. Assignment of Auditors正確
The business of an annual general meeting includes the consideration of the annual accounts, the declaration of dividends, the election of directors to replace retiring ones, and the appointment of auditors.
錯誤
The business of an annual general meeting includes the consideration of the annual accounts, the declaration of dividends, the election of directors to replace retiring ones, and the appointment of auditors.
提示
Reference Chapter:1.3.14
-
85/545問題
85. 問題
1 分QID1055:Subsequent AGMs after the first AGM should be held within how many month-intervals thereafter?
正確
A company is required to hold its first AGM within 18 months after its incorporation. Subsequent AGMs must be held every calendar year and the interval between AGMs should not be more than 15 months.
錯誤
A company is required to hold its first AGM within 18 months after its incorporation. Subsequent AGMs must be held every calendar year and the interval between AGMs should not be more than 15 months.
提示
Reference Chapter:1.3.14
-
86/545問題
86. 問題
1 分QID1056:Which of the following may cast votes in company AGM that passes ordinary resolution and special resolutions?
正確
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy).
錯誤
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy).
提示
Reference Chapter:1.3.14
-
87/545問題
87. 問題
1 分QID1058:The first AGM should be held within how many months of incorporation?
正確
A company is required to hold its first AGM within 18 months after its incorporation. Subsequent AGMs must be held every calendar year and the interval between AGMs should not be more than 15 months.
錯誤
A company is required to hold its first AGM within 18 months after its incorporation. Subsequent AGMs must be held every calendar year and the interval between AGMs should not be more than 15 months.
提示
Reference Chapter:1.3.14
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88/545問題
88. 問題
1 分QID1053:Companies are required to held an annual general meeting of shareholders, unless
正確
A company is required by the NCO to hold an annual general meeting of shareholders (s. 610, NCO). Companies are permitted to dispense with the requirement to hold annual general meetings by passing a written resolution or a resolution at a general meeting with unanimous shareholders’ consent.
錯誤
A company is required by the NCO to hold an annual general meeting of shareholders (s. 610, NCO). Companies are permitted to dispense with the requirement to hold annual general meetings by passing a written resolution or a resolution at a general meeting with unanimous shareholders’ consent.
提示
Reference Chapter:1.3.14
-
89/545問題
89. 問題
1 分QID1059:What should an auditor do if he/she believes that there is something seriously wrong with a company’s financial position?
正確
The usual audit report does not give much opportunity for questions as it is normally in a standard format stating that the accounts present a “true and fair view” of the company’s financial position, unless something is seriously wrong, when the auditors will include a qualification in the report.
錯誤
The usual audit report does not give much opportunity for questions as it is normally in a standard format stating that the accounts present a “true and fair view” of the company’s financial position, unless something is seriously wrong, when the auditors will include a qualification in the report.
提示
Reference Chapter:1.3.14
-
90/545問題
90. 問題
1 分QID1061:Which of the following matters are passed by ordinary resolutions?
I. Dismissal of an auditor before his term of office expires.
II. Dismissal of a director before his term of office expires.
III. Dismissal of an auditor when his term of office expires.
IV. Dismissal of a director when his term of office expires.正確
Under s. 548, NCO, resolutions may be passed by circularisation and signed by all members except for:
(a) the removal of auditors before the expiration of their term of office; or
(b) the removal of a director before his term expires.錯誤
Under s. 548, NCO, resolutions may be passed by circularisation and signed by all members except for:
(a) the removal of auditors before the expiration of their term of office; or
(b) the removal of a director before his term expires.提示
Reference Chapter:1.3.15
-
91/545問題
91. 問題
1 分QID1604:Which of the following resolutions cannot be passed by circularisation and signed by all members?
I. The removal of a director before his term expires
II. Reduction of share capital
III. Alteration of objects and articles of association
IV. Issuance of additional stocks正確
Under s. 548, NCO, resolutions may be passed by circularisation and signed by all members except for:
(b) the removal of a director before his term expires.
A special resolution is one passed by at least 75% of members at a general meeting (voting in
person or, where proxies are allowed, by proxy), of which not less than 21 days’ notice
specifying the intention to pass the resolution has been given. Examples of matters which need
special resolutions are:
(a) reduction of share capital;
(c.) alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).The issuance of new shares are passed by the board of directors.
錯誤
Under s. 548, NCO, resolutions may be passed by circularisation and signed by all members except for:
(b) the removal of a director before his term expires.
A special resolution is one passed by at least 75% of members at a general meeting (voting in
person or, where proxies are allowed, by proxy), of which not less than 21 days’ notice
specifying the intention to pass the resolution has been given. Examples of matters which need
special resolutions are:
(a) reduction of share capital;
(c.) alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).The issuance of new shares are passed by the board of directors.
提示
Reference Chapter:1.3.15
-
92/545問題
92. 問題
1 分QID1062:Which of the following descriptions about resolutions is correct?
正確
Under s. 548, NCO, resolutions may be passed by circularisation and signed by all members.
錯誤
Under s. 548, NCO, resolutions may be passed by circularisation and signed by all members.
提示
Reference Chapter:1.3.15
-
93/545問題
93. 問題
1 分QID1060:If the shareholder are not happy with the performance of the directors, how can they replace the directors?
正確
Under s. 548, NCO, resolutions may be passed by circularisation and signed by all members except for:
(b) the removal of a director before his term expires.錯誤
Under s. 548, NCO, resolutions may be passed by circularisation and signed by all members except for:
(b) the removal of a director before his term expires.提示
Reference Chapter:1.3.15
-
94/545問題
94. 問題
1 分QID145:The majority of resolutions can be passed by which of the following methods?
正確
Under s.548, NCO, resolutions may be passed by circulation and signed by all members.
錯誤
Under s.548, NCO, resolutions may be passed by circulation and signed by all members.
提示
Reference Chapter:1.3.15
-
95/545問題
95. 問題
1 分QID2790:How long the notice period should be for a special resolution?
正確
Special resolutions should have a 14-day notice period.
錯誤
Special resolutions should have a 14-day notice period.
提示
Reference Chapter:1.3.17
-
96/545問題
96. 問題
1 分QID140:Which of the following statements about special resolutions passed by the company are correct?
I. A special resolution is a resolution that is passed by at least 50% of members at a general meeting.
II. A special resolution is a resolution that is passed by at least 75% of members at a general meeting.
III. Not less than 14 days’ notice specifying the intention to pass the resolution has been given to members.
IV. Not less than 21 days’ notice specifying the intention to pass the resolution has been given to members.正確
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy), of which not less than 14 days’ notice
specifying the intention to pass the resolution has been given.錯誤
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy), of which not less than 14 days’ notice
specifying the intention to pass the resolution has been given.提示
Reference Chapter:1.3.17
-
97/545問題
97. 問題
1 分QID1066:Which of the following shall be passed under a special resolution?
I. Reduction of share capital
II. Winding up of the company voluntarily or by court
III. Alteration of objects, articles or conditions in the articles of association.
IV. Assignment and removal of Directors正確
Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
(c) alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).錯誤
Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
(c) alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).提示
Reference Chapter:1.3.17
-
98/545問題
98. 問題
1 分QID1069:Which of the following matters need to be passed through special resolutions?
I. Reduction of share capital
II. Winding up of the company
III. Deletion, alteration, and addition to the company’s articles of association
IV. Replacement of directors and/or auditors正確
Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
(c) alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).錯誤
Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
(c) alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).提示
Reference Chapter:1.3.17
-
99/545問題
99. 問題
1 分QID1064:Which of the following matters are passed under special resolutions?
I. Reduction of share capital
II. Winding up of the company voluntarily or by court
III. Alteration of objects in articles of association
IV. Disposal of company assets正確
Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
(c) alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).錯誤
Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
(c) alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).提示
Reference Chapter:1.3.17
-
100/545問題
100. 問題
1 分QID1063:What is the passing rate of a special resolution?
正確
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy).
錯誤
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy).
提示
Reference Chapter:1.3.17
-
101/545問題
101. 問題
1 分QID1065:A special resolution requires how many days’ notice specifying the intention to pass the resolution to been given?
正確
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy), of which not less than 14 days’ notice specifying the intention to pass the resolution has been given.
錯誤
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy), of which not less than 14 days’ notice specifying the intention to pass the resolution has been given.
提示
Reference Chapter:1.3.17
-
102/545問題
102. 問題
1 分QID141:Which of the following are required to pass a special resolution?
I. Reduction of share capital
II. Voluntary liquidation
III. Determining and declaring dividends and profits
IV. Alteration of objects and articles of association正確
Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
© alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in
the articles of association (for existing companies).錯誤
Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
© alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in
the articles of association (for existing companies).提示
Reference Chapter:1.3.17
-
103/545問題
103. 問題
1 分QID1068:Which of the following descriptions about a special resolution is correct?
I. It may be passed by circularisation and signed by all members
II. It must be passed by at least 75% of members.
III. A notice period of not less than 14 days’ must be given.
IV. A printed copy of a special resolution must be lodged with the Registrar of Companies within 15 days of it being passed.正確
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy), of which not less than 14 days’ notice specifying the intention to pass the resolution has been given. Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
© alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).
A copy of a special resolution must be lodged with the Registrar of Companies within 15 days of it being passed.錯誤
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy), of which not less than 14 days’ notice specifying the intention to pass the resolution has been given. Examples of matters which need special resolutions are:
(a) reduction of share capital;
(b) winding up of the company voluntarily or by court; and
© alteration of objects, articles of association (for companies formed and registered under the NCO) and conditions in memoranda of association that could have been included in the articles of association (for existing companies).
A copy of a special resolution must be lodged with the Registrar of Companies within 15 days of it being passed.提示
Reference Chapter:1.3.17
-
104/545問題
104. 問題
1 分QID1067:A printed copy of a special resolution must be lodged with the Company Registrar within how many days after being passed?
正確
A copy of a special resolution must be lodged with the Registrar of Companies within 15 days of it being passed.
錯誤
A copy of a special resolution must be lodged with the Registrar of Companies within 15 days of it being passed.
提示
Reference Chapter:1.3.17
-
105/545問題
105. 問題
1 分QID144:Special Resolutions are passed by which of the following individuals or entities?
正確
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy), of which not less than 14 days’ notice
specifying the intention to pass the resolution has been given.錯誤
A special resolution is one passed by at least 75% of members at a general meeting (voting in person or, where proxies are allowed, by proxy), of which not less than 14 days’ notice
specifying the intention to pass the resolution has been given.提示
Reference Chapter:1.3.17
-
106/545問題
106. 問題
1 分QID2839:Which of the following can be done by ordinary resolution?
正確
Removal of auditors and directors can be done by ordinary resolution.
Reduction of share capital, liquidation, amendment of articles of association all require special resolutions.
錯誤
Removal of auditors and directors can be done by ordinary resolution.
Reduction of share capital, liquidation, amendment of articles of association all require special resolutions.
提示
Reference Chapter:1.3.18
-
107/545問題
107. 問題
1 分QID1071:An ordinary resolution is a resolution which may be passed by what percentage of voting at a meeting of members?
正確
An ordinary resolution is a resolution which may be passed by a simple majority of those present and voting at a meeting of members. Notice must be given.
錯誤
An ordinary resolution is a resolution which may be passed by a simple majority of those present and voting at a meeting of members. Notice must be given.
提示
Reference Chapter:1.3.18
-
108/545問題
108. 問題
1 分QID1070:What is the passing rate of an ordinary resolution?
正確
An ordinary resolution is a resolution which may be passed by a simple majority of those present and voting at a meeting of members. Notice must be given.
錯誤
An ordinary resolution is a resolution which may be passed by a simple majority of those present and voting at a meeting of members. Notice must be given.
提示
Reference Chapter:1.3.18
-
109/545問題
109. 問題
1 分QID1073:Which of the following are NOT powers exercisable by members in the general meeting?
正確
These include:
(a) changes to articles of association and company name;
© issue of shares at a discount;
(d) alteration of capital including reduction.錯誤
These include:
(a) changes to articles of association and company name;
© issue of shares at a discount;
(d) alteration of capital including reduction.提示
Reference Chapter:1.3.19
-
110/545問題
110. 問題
1 分QID1072:Which of the following are powers exercisable by members in general meeting?
I. Removal of directors
II. Disposal of assets
III. Approval of payments for loss of office
IV. Approval of payments for profit of office正確
These include:
(h) removal of directors;
(i) disposal of company assets;
(j) approval of payments for loss of office錯誤
These include:
(h) removal of directors;
(i) disposal of company assets;
(j) approval of payments for loss of office提示
Reference Chapter:1.3.19
-
111/545問題
111. 問題
1 分QID1039:What are the major features of the New Companies Ordinance?
I. The NCO permits the formation of a company by one or more persons (s. 67, NCO).
II. The NCO provides that one member constitutes a quorum for a meeting of a company having only one member.
III. The NCO permits the formation of a company by one or more companies.
IV. The NCO permits the permits the formation of a company by two or more persons (s. 67, NCO).正確
The NCO permits the formation of a company by one or more persons (s. 67, NCO). The NCO also provides that one member
constitutes a quorum for a meeting of a company having only one member.錯誤
The NCO permits the formation of a company by one or more persons (s. 67, NCO). The NCO also provides that one member
constitutes a quorum for a meeting of a company having only one member.提示
Reference Chapter:1.3.2
-
112/545問題
112. 問題
1 分QID1075:If a variation of the rights of the holders of a class of a shares in a company occurs, shareholders who believe that such variation is against their interests may petition the court to have the variation cancelled. What is the threshold for such a petition to occur?
正確
There are provisions in the NCO and in Companies (Model Articles) Notice which enable a
company to vary the rights of the holders of a class of shares. However, if a variation is being processed, the holders of at least 10% of the total voting rights of the shares in that class may petition the court to have the variation cancelled if it is against their interests.錯誤
There are provisions in the NCO and in Companies (Model Articles) Notice which enable a
company to vary the rights of the holders of a class of shares. However, if a variation is being processed, the holders of at least 10% of the total voting rights of the shares in that class may petition the court to have the variation cancelled if it is against their interests.提示
Reference Chapter:1.3.20
-
113/545問題
113. 問題
1 分QID1076:If a company is functional and can form resolutions through the AGM, the court will generally not interfere in its matters. This practice is based on which of the following principles?
正確
The court will not generally interfere in internal management matters or where the company can deal with the matter by calling a meeting. This is the principle of majority power.
錯誤
The court will not generally interfere in internal management matters or where the company can deal with the matter by calling a meeting. This is the principle of majority power.
提示
Reference Chapter:1.3.22
-
114/545問題
114. 問題
1 分QID1077:The court will not generally interfere in internal management matters or where the company can deal with the matter by calling a meeting. This is the principle of
正確
The court will not generally interfere in internal management matters or where the company can deal with the matter by calling a meeting. This is the principle of majority power.
錯誤
The court will not generally interfere in internal management matters or where the company can deal with the matter by calling a meeting. This is the principle of majority power.
提示
Reference Chapter:1.3.22
-
115/545問題
115. 問題
1 分QID1082:Vita Milk, a listed company is undergoing structural reform, which includes a series of share placing and new debt financing arrangements. Sharon Chan is a 1% stakeholder of Vita Milk and she believes such actions are against her rights. She can
I. Apply to court for an order if she considers that the affairs of the company are being conducted in a manner prejudicial to interest of member’s.
II. Solely request the directors to call for a meeting; if the directors will not, she may do so on her own.
III. Rally 100 shareholders or 10% of the holders of the issued shares and request the Financial Secretary to appoint an investigator to look into the company’s affairs
IV. Petition to the commercial crime Bureau of Hong Kong to establish a special unit to investigate such actions.正確
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(c.) Dissenting members may appeal to the court to have certain resolutions cancelled.
(e.) 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.
On the other hand,
(d) Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
Sharon cannot call a meeting on her own.錯誤
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(c.) Dissenting members may appeal to the court to have certain resolutions cancelled.
(e.) 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.
On the other hand,
(d) Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
Sharon cannot call a meeting on her own.提示
Reference Chapter:1.3.23
-
116/545問題
116. 問題
1 分QID1078:Which of the following are safeguards provided under the NCO to protect the interest of minority shareholders?
I. The requirement of passing a special resolution for matters of great significance.
II. Court sanctions where the decision of the company will directly affect creditors.
III. Dissenting members may appeal to the court to have certain resolutions cancelled.
IV. A member may petition for a winding up正確
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(a) As seen in section 3.17 above, a special resolution is required for certain matters.
(b) Court sanction is required where the decision of the company will directly affect creditors.
© Dissenting members may appeal to the court to have certain resolutions cancelled.
(g) A member may petition for a winding up.錯誤
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(a) As seen in section 3.17 above, a special resolution is required for certain matters.
(b) Court sanction is required where the decision of the company will directly affect creditors.
© Dissenting members may appeal to the court to have certain resolutions cancelled.
(g) A member may petition for a winding up.提示
Reference Chapter:1.3.23
-
117/545問題
117. 問題
1 分QID1084:The court, upon recognizing a petition from the minority shareholder of a company, will most likely
正確
A member may apply to the court for an order if he considers that the affairs of the company are being conducted in a manner prejudicial to the interests of the members generally or of some part of the members.
錯誤
A member may apply to the court for an order if he considers that the affairs of the company are being conducted in a manner prejudicial to the interests of the members generally or of some part of the members.
提示
Reference Chapter:1.3.23
-
118/545問題
118. 問題
1 分QID1080:Mr. Wan is a shareholder of Vita Milk, a company listed on the SEHK. Recently, Vita Milk issued a large number of convertible bonds without legitimate reasons. Mr. Wan believes that he can petition against such actions. Where and to whom should Mr Wan file a petition?
正確
Dissenting members may appeal to the court to have certain resolutions cancelled.
錯誤
Dissenting members may appeal to the court to have certain resolutions cancelled.
提示
Reference Chapter:1.3.23
-
119/545問題
119. 問題
1 分QID2749:If the rights of the shareholders are changed, under what percentage of voting rights can a petition be filed with the court to cancel the change?
正確
When the rights of the shareholders are changed, as long as there are more than 10% of the voting rights, a petition can be filed with the court to cancel the change.
錯誤
When the rights of the shareholders are changed, as long as there are more than 10% of the voting rights, a petition can be filed with the court to cancel the change.
提示
Reference Chapter:1.3.23
-
120/545問題
120. 問題
1 分QID1081:Mr. Ko is a major stakeholder of Yellow River Trading Limited and owns 15% of outstanding shares of Yellow River Trading Limited. Yellow River Trading Limited plans to sell its shares to Mr. Wan and a number of high net worth individuals through a shares placement at a discount. Mr. Ko believes these actions are diluting his shares without his consent, what are the possible actions that can be taken by Mr Ko?
I. Appeal to the court to cancel such actions.
II. Petition to start an AGM immediately to stop the placement.
III. Request the financial secretary to appoint an investigator into the company’s affairs
IV. Request a special hearing from the ICAC.正確
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(c.) Dissenting members may appeal to the court to have certain resolutions cancelled.
(d) Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
(e.) 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.錯誤
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(c.) Dissenting members may appeal to the court to have certain resolutions cancelled.
(d) Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
(e.) 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.提示
Reference Chapter:1.3.23
-
121/545問題
121. 問題
1 分QID1083:To ensure there is no abuse of majority power, which of the following safeguards are provided under the NCO to protect the interests of minority shareholders?
I. Dissenting members may appeal to the court to have certain resolutions cancelled.
II. Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
III. 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.
IV. A member may apply to the court for an order if he considers that the affairs of the company are being conducted in a manner prejudicial to the interests of the members generally or of some part of the members.正確
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(c.) Dissenting members may appeal to the court to have certain resolutions cancelled.
(d) Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
(e.) 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.
(f) A member may apply to the court for an order if he considers that the affairs of the company are being conducted in a manner prejudicial to the interests of the members generally or of some part of the members.錯誤
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(c.) Dissenting members may appeal to the court to have certain resolutions cancelled.
(d) Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
(e.) 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.
(f) A member may apply to the court for an order if he considers that the affairs of the company are being conducted in a manner prejudicial to the interests of the members generally or of some part of the members.提示
Reference Chapter:1.3.23
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122/545問題
122. 問題
1 分QID1079:To ensure there is no abuse of majority power, which of the following safeguards are provided under the NCO to protect the interests of minority shareholders?
I. Dissenting members may appeal to the court to have certain resolutions cancelled.
II. Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
III. 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.
IV. A member may petition for a winding up.正確
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(c.) Dissenting members may appeal to the court to have certain resolutions cancelled.
(d) Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
(e.) 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.
(g) A member may petition for a winding up.錯誤
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(c.) Dissenting members may appeal to the court to have certain resolutions cancelled.
(d) Members with 5% of the paid-up capital which carries voting rights may request the directors to call a meeting; if the directors will not, the members may do so.
(e.) 100 members or 10% of the holders of the issued shares may ask the Financial Secretary to appoint an investigator into the company’s affairs.
(g) A member may petition for a winding up.提示
Reference Chapter:1.3.23
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123/545問題
123. 問題
1 分QID2823:Measures to protect minority shareholders do not include
正確
Measures to protect minority shareholders include:
1. Members with 5% of the voting rights may request the directors to call a general meeting. If the directors refuse, they can convene a general meeting on their own.
2. 100 members or 10% of the holder of the issued shares can request the Financial Secretary to investigate the company’s affairs
3. Dissenting members can appeal to the court to revoke certain company resolutions
4. Any member may petition the court for the winding-up of the company.
5. If a member believes that their interests are impaired, they can apply to the court for an order錯誤
Measures to protect minority shareholders include:
1. Members with 5% of the voting rights may request the directors to call a general meeting. If the directors refuse, they can convene a general meeting on their own.
2. 100 members or 10% of the holder of the issued shares can request the Financial Secretary to investigate the company’s affairs
3. Dissenting members can appeal to the court to revoke certain company resolutions
4. Any member may petition the court for the winding-up of the company.
5. If a member believes that their interests are impaired, they can apply to the court for an order提示
Reference Chapter:1.3.23
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124/545問題
124. 問題
1 分QID1085:The court may NOT intervene to allow an individual to bring an action
正確
The court may intervene to allow an individual member or members to bring an action:
(a) to enforce some personal rights (a personal action);
(b) where a right has been infringed which affects all or a number of members in a similar way (a joint action); or
(c) on behalf of the company where misconduct has been committed against the company, for example by a director of the company or a third party (a derivative action).錯誤
The court may intervene to allow an individual member or members to bring an action:
(a) to enforce some personal rights (a personal action);
(b) where a right has been infringed which affects all or a number of members in a similar way (a joint action); or
(c) on behalf of the company where misconduct has been committed against the company, for example by a director of the company or a third party (a derivative action).提示
Reference Chapter:1.3.24
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125/545問題
125. 問題
1 分QID1087:Which of the following descriptions is an accurate representation of director under the NCO?
正確
The NCO merely defines a director as including a person who occupies the position of director, by whatever name he is called. The NCO itself refers very little to directors but there is more about them in Companies (Model Articles) Notice. The NCO says that every company (not being a private company) must have at least two directors (s. 453, NCO) and every private company must have at least one director (s. 454, NCO).
錯誤
The NCO merely defines a director as including a person who occupies the position of director, by whatever name he is called. The NCO itself refers very little to directors but there is more about them in Companies (Model Articles) Notice. The NCO says that every company (not being a private company) must have at least two directors (s. 453, NCO) and every private company must have at least one director (s. 454, NCO).
提示
Reference Chapter:1.3.25
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126/545問題
126. 問題
1 分QID1086:Which of the following descriptions are accurate representations of director under the NCO?
I. A director is a person who occupies the position of director and bears whatever title.
II. Guarantee Companies and Public Companies must have at least two directors.
III. Private Companies must have at least one director.
IV. Directors are appointed by the members acting in general meeting.正確
The NCO merely defines a director as including a person who occupies the position of director, by whatever name he is called. The NCO itself refers very little to directors but there is more about them in Companies (Model Articles) Notice. The NCO says that every company (not being a private company) must have at least two directors (s. 453, NCO) and every private company must have at least one director (s. 454, NCO). The directors must be appointed by the members acting in general meeting.
錯誤
The NCO merely defines a director as including a person who occupies the position of director, by whatever name he is called. The NCO itself refers very little to directors but there is more about them in Companies (Model Articles) Notice. The NCO says that every company (not being a private company) must have at least two directors (s. 453, NCO) and every private company must have at least one director (s. 454, NCO). The directors must be appointed by the members acting in general meeting.
提示
Reference Chapter:1.3.25
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127/545問題
127. 問題
1 分QID2579:Which of the following is correct based on the NCO regarding director(s) of private companies?
正確
Every private company is required to have at least one director, and at least one director must be a natural person.
錯誤
Every private company is required to have at least one director, and at least one director must be a natural person.
提示
Reference Chapter:1.3.26
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128/545問題
128. 問題
1 分QID1088:Every private company is required to have at least one director who is
正確
Every private company (other than one within the same group as a listed company) is required to have at least one director who is a natural person.
錯誤
Every private company (other than one within the same group as a listed company) is required to have at least one director who is a natural person.
提示
Reference Chapter:1.3.26
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129/545問題
129. 問題
1 分QID2686:Under the company ordinance regarding directors of a company, which of the following is true?
正確
Each private company must have a least one director who is a natural person
錯誤
Each private company must have a least one director who is a natural person
提示
Reference Chapter:1.3.26
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130/545問題
130. 問題
1 分QID1089:Which of the following is an accurate representation of shadow directors?
正確
Shadow directors are “persons in accordance with whose directions or instructions (excluding advice given in a professional capacity) the directors, or a majority of the directors, of a body corporate are accustomed to act”.
錯誤
Shadow directors are “persons in accordance with whose directions or instructions (excluding advice given in a professional capacity) the directors, or a majority of the directors, of a body corporate are accustomed to act”.
提示
Reference Chapter:1.3.27
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131/545問題
131. 問題
1 分QID147:Which of the following individuals is a shadow director?
正確
Shadow directors are “persons in accordance with whose directions or instructions (excluding advice given in a professional capacity) the directors, or a majority of the directors, of a body corporate are accustomed to act”.
錯誤
Shadow directors are “persons in accordance with whose directions or instructions (excluding advice given in a professional capacity) the directors, or a majority of the directors, of a body corporate are accustomed to act”.
提示
Reference Chapter:1.3.27
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132/545問題
132. 問題
1 分QID1091:Which of the following are officers of a company under the CO?
I. Managers
II. Company Secretary
III. Major Shareholders
IV. Directors正確
An officer, according to the NCO, includes a director, manager or company secretary.
錯誤
An officer, according to the NCO, includes a director, manager or company secretary.
提示
Reference Chapter:1.3.28
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133/545問題
133. 問題
1 分QID148:Which of the following actions may result in disqualification as director by court order?
I. Ms. Chung was found to be in persistent default in relation to the New Companies Ordinance or in acting as a liquidator or receiver.
II. Mr. Tse had committed fraud in relation to minor company matters including the preparation of false accounts.
III. Ms. Wang served as a director of an insolvent company last year. The company was liquidated due to poor management of other directors.
IV. Mr. Ng was convicted of an indictable offence for fraud or dishonesty or relating to forming or operating companies.正確
Persons to be appointed directors must meet the following requirements:
(c) They must not be disqualified by court order; the four principal grounds for such an order being:
(i) conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies;
(ii) persistent default in relation to the NCO or in acting as a liquidator or receiver;
(iii) fraud in relation to company matters or fraudulent trading; or
(iv) a finding of being unfit during directorship of an insolvent company.
Fraud and the other disqualifications apply to directors and shadow directors (e.g. see section 2.5, Topic 9, which describes disqualification orders made by the MMT preventing persons committing market misconduct from being directors of companies).錯誤
Persons to be appointed directors must meet the following requirements:
(c) They must not be disqualified by court order; the four principal grounds for such an order being:
(i) conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies;
(ii) persistent default in relation to the NCO or in acting as a liquidator or receiver;
(iii) fraud in relation to company matters or fraudulent trading; or
(iv) a finding of being unfit during directorship of an insolvent company.
Fraud and the other disqualifications apply to directors and shadow directors (e.g. see section 2.5, Topic 9, which describes disqualification orders made by the MMT preventing persons committing market misconduct from being directors of companies).提示
Reference Chapter:1.3.29
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134/545問題
134. 問題
1 分QID149:Which of the following are potential barriers of becoming a director of a company?
I. Anyone aged 21 or below
II. Undischarged bankrupts
III. Persistent default in relation to the NCO
IV. A finding of being unfit during directorship of an insolvent company正確
Persons to be appointed directors must meet the following requirements:
© They must not be disqualified by court order; the four principal grounds for such an order being:
(i) conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies;
(ii) persistent default in relation to the NCO or in acting as a liquidator or receiver;
(iii) fraud in relation to company matters or fraudulent trading; or
(iv) a finding of being unfit during directorship of an insolvent company.
Fraud and the other disqualifications apply to directors and shadow directors (e.g. see section 2.5, Topic 9, which describes disqualification orders made by the MMT preventing persons committing market misconduct from being directors of companies).錯誤
Persons to be appointed directors must meet the following requirements:
© They must not be disqualified by court order; the four principal grounds for such an order being:
(i) conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies;
(ii) persistent default in relation to the NCO or in acting as a liquidator or receiver;
(iii) fraud in relation to company matters or fraudulent trading; or
(iv) a finding of being unfit during directorship of an insolvent company.
Fraud and the other disqualifications apply to directors and shadow directors (e.g. see section 2.5, Topic 9, which describes disqualification orders made by the MMT preventing persons committing market misconduct from being directors of companies).提示
Reference Chapter:1.3.29
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135/545問題
135. 問題
1 分QID1094:Which of the following criteria must be met before a person can be appointed as a director?
I. Must be at least 18 years of age.
II. Must not be undischarged bankrupts.
III. Must not be disqualified by court order.
IV. Must not be a shareholder of a liquidated company.正確
Persons to be appointed directors must meet the following requirements:
(a) They must be at least 18 years of age.
(b) They must not be undischarged bankrupts.
(c.) They must not be disqualified by court order.錯誤
Persons to be appointed directors must meet the following requirements:
(a) They must be at least 18 years of age.
(b) They must not be undischarged bankrupts.
(c.) They must not be disqualified by court order.提示
Reference Chapter:1.3.29
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136/545問題
136. 問題
1 分QID1092:Which of the following persons are not qualified to serve as a director?
I. Persons that are under the age of 18.
II. Persons that are undischarged bankrupts.
III. Persons disqualified by court.
IV. Persons who do not satisfy the statutory net worth requirement.正確
Persons to be appointed directors must meet the following requirements:
(a) They must be at least 18 years of age.
(b) They must not be undischarged bankrupts.
(c.) They must not be disqualified by court order.錯誤
Persons to be appointed directors must meet the following requirements:
(a) They must be at least 18 years of age.
(b) They must not be undischarged bankrupts.
(c.) They must not be disqualified by court order.提示
Reference Chapter:1.3.29
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137/545問題
137. 問題
1 分QID1090:Vita Milk is a private company engaging in dairy products trading, which of the following individual can act as a director of Vita Milk?
正確
Persons to be appointed directors must meet the following requirements:
(a) They must be at least 18 years of age.
(b) They must not be undischarged bankrupts.
(c.) They must not be disqualified by court order.
There is Mr. Chan only who satisfies all the conditions above.錯誤
Persons to be appointed directors must meet the following requirements:
(a) They must be at least 18 years of age.
(b) They must not be undischarged bankrupts.
(c.) They must not be disqualified by court order.
There is Mr. Chan only who satisfies all the conditions above.提示
Reference Chapter:1.3.29
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138/545問題
138. 問題
1 分QID1093:Which of the following are principal grounds that a court may disqualify a person from becoming a director?
I. Conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies
II. Persistent default in relation to the NCO or in acting as a liquidator or receiver
III. Fraud in relation to company matters or fraudulent trading
IV. A finding of being unfit during directorship of an insolvent company.正確
Persons to be appointed directors must meet the following requirements:
(c.) They must not be disqualified by court order.
(i) conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies;
(ii) persistent default in relation to the NCO or in acting as a liquidator or receiver;
(iii) fraud in relation to company matters or fraudulent trading; or
(iv) a finding of being unfit during directorship of an insolvent company.
Fraud and the other disqualifications apply to directors and shadow directors (e.g. see section 3.5, Topic 7, which describes disqualification orders made by the Market Misconduct Tribunal (“MMT”) preventing persons committing market misconduct from being directors of companies).錯誤
Persons to be appointed directors must meet the following requirements:
(c.) They must not be disqualified by court order.
(i) conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies;
(ii) persistent default in relation to the NCO or in acting as a liquidator or receiver;
(iii) fraud in relation to company matters or fraudulent trading; or
(iv) a finding of being unfit during directorship of an insolvent company.
Fraud and the other disqualifications apply to directors and shadow directors (e.g. see section 3.5, Topic 7, which describes disqualification orders made by the Market Misconduct Tribunal (“MMT”) preventing persons committing market misconduct from being directors of companies).提示
Reference Chapter:1.3.29
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139/545問題
139. 問題
1 分QID1095:Which of the following condition does not result in being disqualified by court order and the person is able to act as a director of a company?
正確
Persons to be appointed directors must meet the following requirements:
(c.) They must not be disqualified by court order.
(i) conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies;
(ii) persistent default in relation to the NCO or in acting as a liquidator or receiver;
(iii) fraud in relation to company matters or fraudulent trading; or
(iv) a finding of being unfit during directorship of an insolvent company.
Fraud and the other disqualifications apply to directors and shadow directors (e.g. see section 3.5, Topic 7, which describes disqualification orders made by the Market Misconduct Tribunal (“MMT”) preventing persons committing market misconduct from being directors of companies).錯誤
Persons to be appointed directors must meet the following requirements:
(c.) They must not be disqualified by court order.
(i) conviction of an indictable offence for fraud or dishonesty or relating to forming or operating companies;
(ii) persistent default in relation to the NCO or in acting as a liquidator or receiver;
(iii) fraud in relation to company matters or fraudulent trading; or
(iv) a finding of being unfit during directorship of an insolvent company.
Fraud and the other disqualifications apply to directors and shadow directors (e.g. see section 3.5, Topic 7, which describes disqualification orders made by the Market Misconduct Tribunal (“MMT”) preventing persons committing market misconduct from being directors of companies).提示
Reference Chapter:1.3.29
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140/545問題
140. 問題
1 分QID1096:What are the necessary conditions for becoming a director in Hong Kong?
I. Be 18 years old and above.
II. Must not be an undischarged bankrupt.
III. Must not be disqualified by court order.
IV. Be a director of a recently wound up company.正確
Persons to be appointed directors must meet the following requirements:
(a) They must be at least 18 years of age.
(b) They must not be undischarged bankrupts.
(c.) They must not be disqualified by court order.錯誤
Persons to be appointed directors must meet the following requirements:
(a) They must be at least 18 years of age.
(b) They must not be undischarged bankrupts.
(c.) They must not be disqualified by court order.提示
Reference Chapter:1.3.29
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141/545問題
141. 問題
1 分QID134:Which of the following descriptions about companies are correct?
I. An entity that is independent of its members (shareholder).
II. An entity that can sue.
III. An entity that can be sued.
IV. A company can appoint legal representatives.正確
A company is a legal entity distinct from its members. It is a legal person and can make contracts, take legal action, sue and be sued, own property and commit crimes and torts. It also has perpetual succession and will only cease to exist if it is dissolved. It can be a limited company, the normal form of most companies, where the liability of its members is limited.
錯誤
A company is a legal entity distinct from its members. It is a legal person and can make contracts, take legal action, sue and be sued, own property and commit crimes and torts. It also has perpetual succession and will only cease to exist if it is dissolved. It can be a limited company, the normal form of most companies, where the liability of its members is limited.
提示
Reference Chapter:1.3.3
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142/545問題
142. 問題
1 分QID1041:Which of the following descriptions of a company is NOT correct under the NCO?
正確
A company can be a limited company, the normal form of most companies, where the liability of its members is limited.
錯誤
A company can be a limited company, the normal form of most companies, where the liability of its members is limited.
提示
Reference Chapter:1.3.3
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143/545問題
143. 問題
1 分QID1040:Which of the following descriptions about the New Companies Ordinance are correct?
I. A company is a legal entity distinct from its members and is a legal person.
II. The company can make contracts.
III. The company can be sued.
IV. The company can be involved in crime and torts.正確
A company is a legal entity distinct from its members. It is a legal person and can make contracts, take legal action, sue and be sued, own property and commit crimes and torts.
錯誤
A company is a legal entity distinct from its members. It is a legal person and can make contracts, take legal action, sue and be sued, own property and commit crimes and torts.
提示
Reference Chapter:1.3.3
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144/545問題
144. 問題
1 分QID774:Which of the following descriptions about a limited company is NOT correct?
正確
A company is a legal entity distinct from its members. It is a legal person and can make contracts, take legal action, sue and be sued, own property and commit crimes and torts. It also has perpetual succession and will only cease to exist if it is dissolved. It can be a limited company, the normal form of most companies, where the liability of its members is limited.
Answer A is not included in this definition.錯誤
A company is a legal entity distinct from its members. It is a legal person and can make contracts, take legal action, sue and be sued, own property and commit crimes and torts. It also has perpetual succession and will only cease to exist if it is dissolved. It can be a limited company, the normal form of most companies, where the liability of its members is limited.
Answer A is not included in this definition.提示
Reference Chapter:1.3.3
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145/545問題
145. 問題
1 分QID884:Members in general meeting may only intervene in the management if the directors are
I. Unwilling to act on behalf of the directorsII. Seeking approval to act beyond their powers
III. Acting in breach of their fiduciary duties
IV. Being removed decided by the members
正確
Members in general meeting may only intervene in the management if the directors are:
(a) unwilling to act;
(b) seeking approval to act beyond their powers (the members can approve such acts by ordinary resolution); or
(c.) acting in breach of their fiduciary duties (the members may ratify such breaches in general meeting).錯誤
Members in general meeting may only intervene in the management if the directors are:
(a) unwilling to act;
(b) seeking approval to act beyond their powers (the members can approve such acts by ordinary resolution); or
(c.) acting in breach of their fiduciary duties (the members may ratify such breaches in general meeting).提示
Reference Chapter:1.3.31
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146/545問題
146. 問題
1 分QID1098:Shareholders can interfere and override management actions of the directors if:
I. the directors are unwilling to act
II. the directors’ actions result in operating losses
III. The directors are seeking approval to act beyond their powers
IV. The directors are acting in breach of their fiduciary duties正確
Directors in these circumstances are not bound by resolutions passed by members in a general meeting, nor can the members override future management actions of the directors. Members in general meeting may only intervene in the management if the directors are:
(a) unwilling to act;
(b) seeking approval to act beyond their powers (the members can approve such acts by ordinary resolution); or
(c.) acting in breach of their fiduciary duties (the members may ratify such breaches in general meeting).錯誤
Directors in these circumstances are not bound by resolutions passed by members in a general meeting, nor can the members override future management actions of the directors. Members in general meeting may only intervene in the management if the directors are:
(a) unwilling to act;
(b) seeking approval to act beyond their powers (the members can approve such acts by ordinary resolution); or
(c.) acting in breach of their fiduciary duties (the members may ratify such breaches in general meeting).提示
Reference Chapter:1.3.31
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147/545問題
147. 問題
1 分QID1097:Generally speaking, directors are not bound by resolutions passed by members in a general meeting, nor can the members override future management actions of the directors. Members in general meeting may NOT intervene in the management if:
正確
Directors in these circumstances are not bound by resolutions passed by members in a general meeting, nor can the members override future management actions of the directors. Members in general meeting may only intervene in the management if the directors are:
(a) unwilling to act;
(b) seeking approval to act beyond their powers (the members can approve such acts by ordinary resolution); or
(c.) acting in breach of their fiduciary duties (the members may ratify such breaches in general meeting).錯誤
Directors in these circumstances are not bound by resolutions passed by members in a general meeting, nor can the members override future management actions of the directors. Members in general meeting may only intervene in the management if the directors are:
(a) unwilling to act;
(b) seeking approval to act beyond their powers (the members can approve such acts by ordinary resolution); or
(c.) acting in breach of their fiduciary duties (the members may ratify such breaches in general meeting).提示
Reference Chapter:1.3.31
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148/545問題
148. 問題
1 分QID1099:Under common law, how should directors act and make decisions?
I. Exercise their power collaboratively by having meetings with a proper quorum, passing resolutions and have to be minuted.
II. Directors can act independently if the articles of association allow the board to delegate its power to its individual directors, to committees and to the managing director.
III. For private companies, a written record of a decision made by the sole director of a private company will prevail.正確
Under common law, directors should exercise their powers as a group by having meetings (board of directors’ meetings or board meetings) with a proper quorum, passing resolutions that have to be minuted. This can be avoided as usually the company’s articles of association allow the board to delegate its powers to individual directors, to committees and to the managing director. Under s. 483, NCO, a written record of a decision made by the sole director of a private company shall be sufficient evidence of that decision.
錯誤
Under common law, directors should exercise their powers as a group by having meetings (board of directors’ meetings or board meetings) with a proper quorum, passing resolutions that have to be minuted. This can be avoided as usually the company’s articles of association allow the board to delegate its powers to individual directors, to committees and to the managing director. Under s. 483, NCO, a written record of a decision made by the sole director of a private company shall be sufficient evidence of that decision.
提示
Reference Chapter:1.3.32
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149/545問題
149. 問題
1 分QID1102:Under common law, although the directors have a fiduciary relationship with the company, this does not mean they have to:
正確
The directors have a fiduciary relationship with the company. They must act with the utmost good faith towards their principal, i.e. the company; and:
(a) act bona fide for the benefit of the company;
(b) exercise their powers for their proper purpose; and
(c.) not allow any conflict of interest between their duties as directors and their personal interests.錯誤
The directors have a fiduciary relationship with the company. They must act with the utmost good faith towards their principal, i.e. the company; and:
(a) act bona fide for the benefit of the company;
(b) exercise their powers for their proper purpose; and
(c.) not allow any conflict of interest between their duties as directors and their personal interests.提示
Reference Chapter:1.3.33
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150/545問題
150. 問題
1 分QID1100:There is a fiduciary relationship between the directors of a company and the company itself, the directors should act with the utmost good faith towards their principals, which include which of the followings?
I. Determine appropriate remuneration for its directorship through a resolution.
II. Act bona fide for the benefit of the company;
III. Exercise their powers for their proper purpose; and
IV. Not allow any conflict of interest between their duties as directors and their personal interests.正確
The directors have a fiduciary relationship with the company. They must act with the utmost good faith towards their principal, i.e. the company; and:
(a) act bona fide for the benefit of the company;
(b) exercise their powers for their proper purpose; and
(c.) not allow any conflict of interest between their duties as directors and their personal interests.錯誤
The directors have a fiduciary relationship with the company. They must act with the utmost good faith towards their principal, i.e. the company; and:
(a) act bona fide for the benefit of the company;
(b) exercise their powers for their proper purpose; and
(c.) not allow any conflict of interest between their duties as directors and their personal interests.提示
Reference Chapter:1.3.33
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151/545問題
151. 問題
1 分QID151:Which of the following are fiduciary duties of the directors?
I. Act bona fide for the benefit of the company
II. Exercise their powers for their proper purpose
III. Not allow any conflict of interest between their duties as directors and their personal interests
IV. Not allow any conflict of interest between their duties as directors and the companies interests正確
The directors have a fiduciary relationship with the company. They must act with the utmost
good faith towards their principal, i.e. the company; and:
(a) act bona fide for the benefit of the company;
(b) exercise their powers for their proper purpose; and
(c) not allow any conflict of interest between their duties as directors and their personal interests.錯誤
The directors have a fiduciary relationship with the company. They must act with the utmost
good faith towards their principal, i.e. the company; and:
(a) act bona fide for the benefit of the company;
(b) exercise their powers for their proper purpose; and
(c) not allow any conflict of interest between their duties as directors and their personal interests.提示
Reference Chapter:1.3.33
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152/545問題
152. 問題
1 分QID1101:Under common law, the directors have a fiduciary relationship with the company and they must:
I. Act with utmost good faith towards the company.
II. Act bona fide for the benefit of the company.
III. Exercise their powers for their proper purpose.
IV. Not allow any conflict of interest between their duties as directors and their personal interests.正確
The directors have a fiduciary relationship with the company. They must act with the utmost good faith towards their principal, i.e. the company; and:
(a) act bona fide for the benefit of the company;
(b) exercise their powers for their proper purpose; and
(c.) not allow any conflict of interest between their duties as directors and their personal interests.錯誤
The directors have a fiduciary relationship with the company. They must act with the utmost good faith towards their principal, i.e. the company; and:
(a) act bona fide for the benefit of the company;
(b) exercise their powers for their proper purpose; and
(c.) not allow any conflict of interest between their duties as directors and their personal interests.提示
Reference Chapter:1.3.33
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153/545問題
153. 問題
1 分QID1104:The NCO imposes on director’s requirement to exercise reasonable care, skill and diligence. To determine whether a director of the company has breached the duty of care, skill and diligence owed by him to the company, his conduct is compared to the standard that would be exercised by a reasonably diligent person with:
I. The general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company (objective test)
II. The general knowledge, skill and experience that the director has (subjective test)
III. The general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company (subjective test)
IV. The general knowledge, skill and experience that the director has (objective test)正確
To determine whether a director of the company has breached the duty of care, skill and diligence owed by him to the company, his conduct is compared to the standard that would be exercised by a reasonably diligent person with:
(a) the general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company (objective test); and
(b) the general knowledge, skill and experience that the director has (subjective test).錯誤
To determine whether a director of the company has breached the duty of care, skill and diligence owed by him to the company, his conduct is compared to the standard that would be exercised by a reasonably diligent person with:
(a) the general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company (objective test); and
(b) the general knowledge, skill and experience that the director has (subjective test).提示
Reference Chapter:1.3.34
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154/545問題
154. 問題
1 分QID152:To determine whether a director is diligent, skilful and accountable to the company, which of the following methods are utilized?
I. Qualifying Exam
II. Objective Test
III. Subjective Test
IV. Continuous Professional Assessment正確
The NCO provisions set out a mixed objective and subjective test in the determination of the standard of directors’ duty of care, skill and diligence. To determine whether a director of the company has breached the duty of care, skill and diligence owed by him to the company, his conduct is compared to the standard that would be exercised by a reasonably diligent person.
錯誤
The NCO provisions set out a mixed objective and subjective test in the determination of the standard of directors’ duty of care, skill and diligence. To determine whether a director of the company has breached the duty of care, skill and diligence owed by him to the company, his conduct is compared to the standard that would be exercised by a reasonably diligent person.
提示
Reference Chapter:1.3.34
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155/545問題
155. 問題
1 分QID1103:A director is expected to perform under the following principles with the exception of
正確
To determine whether a director of the company has breached the duty of care, skill and diligence owed by him to the company, his conduct is compared to the standard that would be exercised by a reasonably diligent person with:
(a) the general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company (objective test); and
(b) the general knowledge, skill and experience that the director has (subjective test).錯誤
To determine whether a director of the company has breached the duty of care, skill and diligence owed by him to the company, his conduct is compared to the standard that would be exercised by a reasonably diligent person with:
(a) the general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company (objective test); and
(b) the general knowledge, skill and experience that the director has (subjective test).提示
Reference Chapter:1.3.34
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156/545問題
156. 問題
1 分QID153:Miss Ko, an employee of Hai Nei Company, who commits an act of market misconduct while handling the company’s business, is being charged. In which of the following situation would Mr. Wan, the director of Hoi Nei Company be liable and accountable?
正確
Directors are additionally subject to other, more specific duties
imposed upon them by particular statutory provisions. For example, Twelfth Schedule, the CWUMPO provides for a fine and/or imprisonment for a director that authorises the issue of
a prospectus containing an untrue statement. Where a director breaches strict requirements of the NCO, such as failing to prepare financial statements when required to do so, liability
will also arise. It is therefore important that directors understand both the general and the specific responsibilities imposed upon them, and how to properly discharge them, in order to fulfil their roles as directors and to address their exposure to directors’ liabilities.錯誤
Directors are additionally subject to other, more specific duties
imposed upon them by particular statutory provisions. For example, Twelfth Schedule, the CWUMPO provides for a fine and/or imprisonment for a director that authorises the issue of
a prospectus containing an untrue statement. Where a director breaches strict requirements of the NCO, such as failing to prepare financial statements when required to do so, liability
will also arise. It is therefore important that directors understand both the general and the specific responsibilities imposed upon them, and how to properly discharge them, in order to fulfil their roles as directors and to address their exposure to directors’ liabilities.提示
Reference Chapter:1.3.35
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157/545問題
157. 問題
1 分QID1105:According to the NCO which has defined the statutory liabilities of directors, directors may incur liabilities due to:
I. Breaches of fiduciary duties.
II. Failure to give continuous attention to the affairs of the company.
III. Failure to act with due care and skill.
IV. Breaches of statutory duties.正確
Where a director breaches strict requirements of the NCO,
such as failing to prepare financial statements when required to do so, liability will also arise. It is therefore important that directors understand both the general and the specific
responsibilities imposed upon them, and how to properly discharge them, in order to fulfil their roles as directors and to address their exposure to directors’ liabilities.
Any ratification by a company of conduct by a director in relation to negligence, default, breach of duty or breach of trust in relation to the company must be approved by resolution of the members of the company錯誤
Where a director breaches strict requirements of the NCO,
such as failing to prepare financial statements when required to do so, liability will also arise. It is therefore important that directors understand both the general and the specific
responsibilities imposed upon them, and how to properly discharge them, in order to fulfil their roles as directors and to address their exposure to directors’ liabilities.
Any ratification by a company of conduct by a director in relation to negligence, default, breach of duty or breach of trust in relation to the company must be approved by resolution of the members of the company提示
Reference Chapter:1.3.35&37
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158/545問題
158. 問題
1 分QID883:What are the possible remedies for a breach of duty by directors?
I. It may obtain an injunction stopping such action.
II. If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company.
III. All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
IV. If the directors have wrongfully profited by dealing with the company’s property, the directors must account to the members for such profits.正確
The company may have the following remedies for a breach of duty by directors:
(a) It may obtain an injunction stopping such action.
(b) If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company, i.e. rescission.
(c.) All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
(d) If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.錯誤
The company may have the following remedies for a breach of duty by directors:
(a) It may obtain an injunction stopping such action.
(b) If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company, i.e. rescission.
(c.) All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
(d) If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.提示
Reference Chapter:1.3.36
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159/545問題
159. 問題
1 分QID159:What are possible reliefs for directors for a breach?
I. The company can obtain an injunction, request for cancellation of contract or sue for damages
II. The company can submit the case to the SFC Fiduciary Committee.
III. The directors who are in breach should be accountable to the company for profits and damages.
IV. The directors who are in breach should be accountable to the company for profits and damages in addition to the interest owed.正確
The company may have the following remedies for a breach of duty by directors:
(a) It may obtain an injunction stopping such action.
(b) If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company, i.e. rescission.
(d) If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.錯誤
The company may have the following remedies for a breach of duty by directors:
(a) It may obtain an injunction stopping such action.
(b) If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company, i.e. rescission.
(d) If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.提示
Reference Chapter:1.3.36
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160/545問題
160. 問題
1 分QID886:What are the possible remedies for a breach of duty by directors?
I. It may obtain an injunction stopping such action.
II. If the directors have disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company.
III. All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
IV. If the directors have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.正確
The company may have the following remedies for a breach of duty by directors:
(a) It may obtain an injunction stopping such action.
(b) If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company, i.e. rescission.
(c.) All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
(d) If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.錯誤
The company may have the following remedies for a breach of duty by directors:
(a) It may obtain an injunction stopping such action.
(b) If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company, i.e. rescission.
(c.) All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
(d) If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.提示
Reference Chapter:1.3.36
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161/545問題
161. 問題
1 分QID885:Mr. Ko is a shareholder of Yellow River Trading. He believes Mr. David Wan, a director of Yellow River Trading, is breaching his statutory duties in recent electronics trading transactions. What are the actions that Mr Ko can take?
I. Obtain an injunction stopping such action.
II. If Mr. Wan has not disclosed a personal interest in a contract he has made on behalf of the company, the contract may be avoided at the option of the company.
III. All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
IV. If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.正確
The company may have the following remedies for a breach of duty by directors:
(a) It may obtain an injunction stopping such action.
(b) If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company, i.e. rescission.
(c.) All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
(d) If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.錯誤
The company may have the following remedies for a breach of duty by directors:
(a) It may obtain an injunction stopping such action.
(b) If the directors have not disclosed a personal interest in a contract they have made on behalf of the company, the contract may be cancelled at the option of the company, i.e. rescission.
(c.) All directors who have acted in breach of their duties will be jointly and severally liable to the company for damages.
(d) If they have wrongfully profited by dealing with the company’s property, the directors must account to the company for such profits.提示
Reference Chapter:1.3.36
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162/545問題
162. 問題
1 分QID154:Millionaire Securities has recently been convicted of market misconduct. Millionaire Securities’ director – Mr. Ip, was unaware of the illegal acts and had tried to monitor and regulate the company’s operations to the best of his abilities. Is Mr. Ip guilty under such circumstance?
正確
The court may give relief to a director or directors if they have, in causing the breach, been shown to have acted honestly and reasonably.
錯誤
The court may give relief to a director or directors if they have, in causing the breach, been shown to have acted honestly and reasonably.
提示
Reference Chapter:1.3.38
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163/545問題
163. 問題
1 分QID1106:If a director (or his connected entity) can reasonably foresee direct or indirect interest in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must:
I. For transaction or arrangements that has been entered, he must declare the nature and extent of that interest to other directors.
II. For transaction or arrangements that has been entered, he must declare the nature and extent of that interest to the members.
III. For transaction or arrangements being proposed, he must declare the nature and extent of that interest to other directors.
IV. For transaction or arrangements being proposed, he must declare the nature and extent of that interest to the members.”正確
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.錯誤
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.提示
Reference Chapter:1.3.39
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164/545問題
164. 問題
1 分QID795:Mr. Ko is a director of a phone book printing company -Kaohsiung Printing. Mr Ko and Mr Wan jointly own British Construction Bank and are both directors of British Construction Bank. Kaohsiung Printing is going to print a lot of phone books and calendars for British Construction Bank as souvenirs for customers. Should Mr. Ko disclose his interest in Kaohsiung Printing to the board of directors of British Construction Bank?
正確
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.錯誤
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.提示
Reference Chapter:1.3.39
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165/545問題
165. 問題
1 分QID155:If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, what actions should he take?
I. Declare the nature and extent of the interest in conflict as soon as reasonably practicable.
II. No declaration is required if the transaction or arrangement was taken place outside of Hong Kong,
III. Declare the nature and extent of that interest before a transaction or arrangement has been entered.
IV. No actions are required if the transaction or arrangement has not yet taken place.正確
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.錯誤
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.提示
Reference Chapter:1.3.39
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166/545問題
166. 問題
1 分QID1108:Yellow River Trading is prepared to acquire a well know local website – Opennoodles.com. The director of Yellow River Trading, Mr. Wan, is the spouse of the owner of Opennoodles.com. Mr. Wan should:
I. Disclose his interest in the general meeting.
II. Take no action because it is his spouse’s interests that are involved in the deal
III. Ensure that the deal is proper, fair and in the interest of Yellow River Trading.
IV. Resign immediately.正確
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.錯誤
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.提示
Reference Chapter:1.3.39
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167/545問題
167. 問題
1 分QID1107:If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare the nature and extent of that interest:
I. Before the transaction and arrangement has been made.
II. After the transaction and arrangement has been made.
III. As soon as he can reasonably foresee such conflict of interest.
IV. As soon as the annual audit requires him to do so.正確
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.錯誤
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(a) as soon as reasonably practicable for a transaction or arrangement that has been entered; or
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.提示
Reference Chapter:1.3.39
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168/545問題
168. 問題
1 分QID1605:Mr. Liu is the only shareholder of Vitamilk and the director of Millionaire Financial Investment. Another director of Millionaire Financial Investment suggested to acquire some of Vitamilk real estates at the board of directors meeting. Does Mr. Liu have to declare to other directors the nature and extent of that interest?
正確
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.錯誤
If a director (or his connected entity) is directly or indirectly interested in a transaction, arrangement or contract, or a proposed transaction, arrangement or contract with the company that is significant in relation to the company’s business, he must declare to other directors the nature and extent of that interest (if it is material):
(b) before the company enters into the transaction or arrangement for a proposed transaction or arrangement.提示
Reference Chapter:1.3.39
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169/545問題
169. 問題
1 分QID2812:Which of the following statements about the Companies Ordinance is incorrect?
正確
There is no minimum authorized share capital requirement for a company.
錯誤
There is no minimum authorized share capital requirement for a company.
提示
Reference Chapter:1.3.4
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170/545問題
170. 問題
1 分QID778:In Hong Kong, registered companies can be classified into which of the following categories?
I. Private Company
II. Public Company
III. Non-Profit Company
IV. Guarantee Company正確
Under the NCO, a new category of company is added and now every Hong Kong company falls into one of three categories: private companies, public companies and guarantee companies.
錯誤
Under the NCO, a new category of company is added and now every Hong Kong company falls into one of three categories: private companies, public companies and guarantee companies.
提示
Reference Chapter:1.3.4
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171/545問題
171. 問題
1 分QID1074:Under the New Companies Ordinance, which of the following are correct categorization of companies?
I. Private Companies
II. Public Companies
III. Listed Companies
IV. Guarantee Companies正確
Under the NCO, a new category of company is added and now every Hong Kong company falls into one of 3 categories: private companies, public companies and guarantee companies.
錯誤
Under the NCO, a new category of company is added and now every Hong Kong company falls into one of 3 categories: private companies, public companies and guarantee companies.
提示
Reference Chapter:1.3.4
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172/545問題
172. 問題
1 分QID1111:Which of the following descriptions about directors’ remuneration are correct?
I. If the director is also having administrative roles, he does not need to have a separate service with the company. All directors’ fees should include all of his services.
II. The articles of association have designated the powers of determining such remuneration.
III. The articles of association states that director remuneration should be determined by the members in the general meeting.
IV. Directors remuneration usually covers directors’ fees.正確
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
錯誤
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
提示
Reference Chapter:1.3.40
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173/545問題
173. 問題
1 分QID158:According to the provision of the model articles of association in the Companies (Model Articles) Notice, how should the remuneration of directors be determined?
正確
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
錯誤
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
提示
Reference Chapter:1.3.40
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174/545問題
174. 問題
1 分QID157:In general, remuneration of which of the following individuals is determined by the company in general meeting?
正確
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
錯誤
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
提示
Reference Chapter:1.3.40
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175/545問題
175. 問題
1 分QID156:Which of the following description about director remuneration is correct?
正確
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
錯誤
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
提示
Reference Chapter:1.3.40
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176/545問題
176. 問題
1 分QID1109:Who determines the directors’ remuneration?
正確
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting.
錯誤
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting.
提示
Reference Chapter:1.3.40
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177/545問題
177. 問題
1 分QID1110:Which of the following are correct descriptions of directors’ remuneration?
I. Authority for payment is provided in the articles
II. If a director holds some other position, such as Managing Director or an executive director, he can have a service contract parallel to his director’s remuneration.
III. The remuneration must include a set of stock options.
IV. The director of a company should treat his directorship as his sole profession.正確
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
錯誤
Authority for payment is provided in the company’s articles. The model articles of association in the Companies (Model Articles) Notice provide that the remuneration of directors is determined by the company in general meeting. This usually covers directors’ fees. If a director holds some other position, such as managing director or executive director, he can have a service contract.
提示
Reference Chapter:1.3.40
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178/545問題
178. 問題
1 分QID1178:Mr. David Wan and his spouse are investing in real estate under the name of Yangtze River Investment and he is trying to apply for a loan for assignment. Mr. Wan and his spouse are the only directors and shareholders of Yangtze River Investment. Mr. Wan is also a director of a well-known electronics trading company, Yellow River Trading. To apply for the loan, Mr. Wan can:
I. Apply for a personal loan by assigning Yellow River Trading as the Guarantor.
II. Apply for a personal loan by assigning the subsidiaries of Yellow River Trading as the Guarantor.
III. Apply for a loan on behalf of Yangtze River Investment from Yellow River Trading.
IV. Apply for a personal loan using his director remuneration from Yellow River Trading as collateral.正確
A company cannot directly or indirectly:
(a) make a loan to a director of the company or a body corporate controlled by such a director; or
(b) enter into a guarantee or provide security for such a loan
without the approval of its members.錯誤
A company cannot directly or indirectly:
(a) make a loan to a director of the company or a body corporate controlled by such a director; or
(b) enter into a guarantee or provide security for such a loan
without the approval of its members.提示
Reference Chapter:1.3.41
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179/545問題
179. 問題
1 分QID1112:Which of the following are exceptions to prohibitions on loans to a director?
I. A de minimum threshold of 5% of the net assets of the company before a transaction is subject to the restriction.
II. Expenditure in connection with defending any proceeding or investigation or regulatory action for misconduct provided that the directors has to repay the company if he is found guilty or to have committed the misconduct.
III. Expenses that are incurred by the director in the ordinary course of business.
IV. If the director is the sole owner of the company and he agrees to such arrangements.正確
There are exceptions, such as the following:
(a) a de minimum threshold of 5% of the net assets of the company before a transaction is subject to the restriction; and
(b) expenditure in connection with defending any proceeding or investigation or regulatory action for misconduct provided that the directors has to repay the company if he is found guilty or to have committed the misconduct.錯誤
There are exceptions, such as the following:
(a) a de minimum threshold of 5% of the net assets of the company before a transaction is subject to the restriction; and
(b) expenditure in connection with defending any proceeding or investigation or regulatory action for misconduct provided that the directors has to repay the company if he is found guilty or to have committed the misconduct.提示
Reference Chapter:1.3.44
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180/545問題
180. 問題
1 分QID161:Under normal circumstances, a company cannot directly or indirectly make a loan or guarantee to a director of its holding company or a body corporate controlled by such a director. However, which of the following are exceptions?
I. Making a loan of value not exceeding 5% of the company’s net assets.
II. The loan is made with the approval of the members of the company.
III. Expenditure on defending any proceeding, or investigation or regulatory action for misconduct of a director if such expenditure has to be repaid by the director to the company when he is convicted in the proceeding or has committed misconduct.
IV. The loan is made with the approval of the SFC.正確
There are exceptions, such as the following:
(a) making a loan of value not exceeding 5% of the company’s net assets; and
(b) expenditure on defending any proceeding, or investigation or regulatory action for misconduct of a director if such expenditure has to be repaid by the director to the company when he is convicted in the proceeding or has committed the misconduct. Similarly, a company cannot directly or indirectly make a loan or guarantee to a director of its holding company or a body corporate controlled by such a director without the approvals
of its members and the holding companies’ members.錯誤
There are exceptions, such as the following:
(a) making a loan of value not exceeding 5% of the company’s net assets; and
(b) expenditure on defending any proceeding, or investigation or regulatory action for misconduct of a director if such expenditure has to be repaid by the director to the company when he is convicted in the proceeding or has committed the misconduct. Similarly, a company cannot directly or indirectly make a loan or guarantee to a director of its holding company or a body corporate controlled by such a director without the approvals
of its members and the holding companies’ members.提示
Reference Chapter:1.3.44
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181/545問題
181. 問題
1 分QID162:Which of the following entities can appoint investigators to investigate and report on the affairs of a company if the court declares that an investigation should be carried out?
正確
The Financial Secretary is required to appoint inspectors to investigate and report on the affairs of a company if the court declares that an investigation should be carried out (s. 841, NCO).
錯誤
The Financial Secretary is required to appoint inspectors to investigate and report on the affairs of a company if the court declares that an investigation should be carried out (s. 841, NCO).
提示
Reference Chapter:1.3.46
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182/545問題
182. 問題
1 分QID1113:If the court declares that an investigation on a company’s affairs should be carried out, which of the following organization should appoint inspectors to investigate and report on the company?
正確
The Financial Secretary is required to appoint inspectors to investigate and report on the affairs of a company if the court declares that an investigation should be carried out (s. 841, NCO).
錯誤
The Financial Secretary is required to appoint inspectors to investigate and report on the affairs of a company if the court declares that an investigation should be carried out (s. 841, NCO).
提示
Reference Chapter:1.3.46
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183/545問題
183. 問題
1 分QID2763:According to the Companies Ordinance, when can the Financial Secretary appoint an inspector to conduct an investigation into a company?
I. The company passes an ordinary resolution
II. The company passes a special resolution
III. Application by more than the nominated number of members
IV. The Financial Secretary considers that the company is involved in fraud or unfairly treating ordinary members正確
Circumstances under which the Financial Secretary may appoint an inspector to conduct an investigation into a company under the Companies Ordinance include:
I. The company passes a special resolution
II. Application by more than the nominated number of members (100 or 10%)
III. The Financial Secretary considers that the company is involved in fraud or unfairly treating ordinary members錯誤
Circumstances under which the Financial Secretary may appoint an inspector to conduct an investigation into a company under the Companies Ordinance include:
I. The company passes a special resolution
II. Application by more than the nominated number of members (100 or 10%)
III. The Financial Secretary considers that the company is involved in fraud or unfairly treating ordinary members提示
Reference Chapter:1.3.47
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184/545問題
184. 問題
1 分QID1114:The Financial Secretary is required to appoint inspectors under which of the following circumstances?
I. An application is made by the specified number of members.
II. The company passed a special resolution requesting such inspections.
III. He suspects fraud in the operations or formation of the company, or oppressive conduct, or an intent to defraud creditors.
IV. He suspects the persons concerned with the formation or management of the company have been guilty of fraud or other misconduct.正確
The Financial Secretary may also appoint inspectors if:
(a) an application is made by the specified number of members;
(b) the company passes a special resolution requesting such appointment;
(c.) he suspects fraud in the business or formation of the company, or oppressive conduct, or an intent to defraud creditors; or
(d) he suspects the persons concerned with the formation or management of the company to have been guilty of fraud or other misconduct (ss. 840 to 841, NCO).錯誤
The Financial Secretary may also appoint inspectors if:
(a) an application is made by the specified number of members;
(b) the company passes a special resolution requesting such appointment;
(c.) he suspects fraud in the business or formation of the company, or oppressive conduct, or an intent to defraud creditors; or
(d) he suspects the persons concerned with the formation or management of the company to have been guilty of fraud or other misconduct (ss. 840 to 841, NCO).提示
Reference Chapter:1.3.47
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185/545問題
185. 問題
1 分QID1660:Under which of the following circumstances can the financial secretary investigate a listed issuer?
I. To clarify the ownership of the listed issuer.
II. To clarify the controller of the listed issuer.
III. Under the request of the SEHK
IV. Under the request of a prescribed amount of shareholders.正確
The financial secretary investigate a listed issuer?
I. To clarify the ownership of the listed issuer.
II. To clarify the controller of the listed issuer.
III. Under the request of a prescribed amount of shareholders.錯誤
The financial secretary investigate a listed issuer?
I. To clarify the ownership of the listed issuer.
II. To clarify the controller of the listed issuer.
III. Under the request of a prescribed amount of shareholders.提示
Reference Chapter:1.3.47
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186/545問題
186. 問題
1 分QID1115:When a company is under investigation, all present and past officers and agents of the company, including bankers, solicitors and auditors, are required to:
I. Produce all books and records that they have (this includes power given to the inspector to enter premises and conduct searches)
II. Attend before the inspector when required and answer questions (on oath if so required by him)
III. Provide information to investigators, but bankers are exempted from providing information other than that relating to the company under inspection.
IV. Provide investigators with all reasonable assistance.正確
All present and past officers and agents of the company, including bankers, solicitors and auditors, are required to:
(a) produce all books and records that they have (this includes power given to the inspector to enter premises and conduct searches);
(b) attend before the inspector when required and answer questions (on oath if so required by him); and
© otherwise give him all reasonable assistance.錯誤
All present and past officers and agents of the company, including bankers, solicitors and auditors, are required to:
(a) produce all books and records that they have (this includes power given to the inspector to enter premises and conduct searches);
(b) attend before the inspector when required and answer questions (on oath if so required by him); and
© otherwise give him all reasonable assistance.提示
Reference Chapter:1.3.48
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187/545問題
187. 問題
1 分QID136:Which of the following description about private company is correct?
I. Must have more than 50 members
II. May not offer shares to the public
III. restricts the right to transfer its share
IV. is not limited by guarantee正確
A private company is a company that:
(a) restricts the right to transfer its shares; members and continue to be members respectively);
(b) may not have more than 50 members (excluding present and past employees who are members and continue to be members respectively);
© may not offer shares (or debentures) to the public; and
(d) is not limited by guarantee.錯誤
A private company is a company that:
(a) restricts the right to transfer its shares; members and continue to be members respectively);
(b) may not have more than 50 members (excluding present and past employees who are members and continue to be members respectively);
© may not offer shares (or debentures) to the public; and
(d) is not limited by guarantee.提示
Reference Chapter:1.3.5
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188/545問題
188. 問題
1 分QID776:A private company is a company that:
I. Has no restrictions in rights to transfer its shares.
II. May not have more than 50 members.
III. May not offer shares to the public.
IV. Is not limited by guarantee.正確
A private company is a company that:
(a) restricts the right to transfer its shares;
(b) may not have more than 50 members (excluding present and past employees who are members and continue to be members respectively);
© may not offer shares (or debentures) to the public; and
(d) is not limited by guarantee.錯誤
A private company is a company that:
(a) restricts the right to transfer its shares;
(b) may not have more than 50 members (excluding present and past employees who are members and continue to be members respectively);
© may not offer shares (or debentures) to the public; and
(d) is not limited by guarantee.提示
Reference Chapter:1.3.5
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189/545問題
189. 問題
1 分QID775:Which of the following are characteristics of a private company?
I. Restrictions on the rights to transfer it shares.
II. No more than 50 share holders.
III. May not offer shares to the public.
IV. Can be bought and sold OTC on the market.正確
A private company is a company that:
(a) restricts the right to transfer its shares;
(b) may not have more than 50 members (excluding present and past employees who are members and continue to be members respectively);
(c.) may not offer shares (or debentures) to the public; and
(d) is not limited by guarantee.錯誤
A private company is a company that:
(a) restricts the right to transfer its shares;
(b) may not have more than 50 members (excluding present and past employees who are members and continue to be members respectively);
(c.) may not offer shares (or debentures) to the public; and
(d) is not limited by guarantee.提示
Reference Chapter:1.3.5
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190/545問題
190. 問題
1 分QID777:Which of the following restrictions about a private company is incorrect?
正確
A private company is a company that:
(a) restricts the right to transfer its shares;
(b) may not have more than 50 members (excluding present and past employees who are members and continue to be members respectively);
© may not offer shares (or debentures) to the public; and
(d) is not limited by guarantee.
A private company doesn’t have to be guarantee companies.錯誤
A private company is a company that:
(a) restricts the right to transfer its shares;
(b) may not have more than 50 members (excluding present and past employees who are members and continue to be members respectively);
© may not offer shares (or debentures) to the public; and
(d) is not limited by guarantee.
A private company doesn’t have to be guarantee companies.提示
Reference Chapter:1.3.5
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191/545問題
191. 問題
1 分QID1116:Which of the following is a reason of compulsory liquidation?
正確
A company may be wound up by the court if:
(a) it has by special resolution resolved that it shall be wound up by the court;
(c.) it has no members錯誤
A company may be wound up by the court if:
(a) it has by special resolution resolved that it shall be wound up by the court;
(c.) it has no members提示
Reference Chapter:1.3.50
-
192/545問題
192. 問題
1 分QID1117:Which of the following descriptions about compulsory liquidation is correct?
I. This is a compulsory winding-up ordered by the court.
II. The liquidator is appointed by the court and acts under its control.
III. The liquidator is appointed through a shareholders’ meeting and acts under the control of the directors.
IV. Liquidation is passed by a special resolution.正確
This is a compulsory winding-up ordered by the court, and the liquidator is appointed by the court and acts under its control.
錯誤
This is a compulsory winding-up ordered by the court, and the liquidator is appointed by the court and acts under its control.
提示
Reference Chapter:1.3.50
-
193/545問題
193. 問題
1 分QID2826:Which of the following is less likely to be the main cause of compulsory winding up?
正確
Unless the company has been out of business for more than a year at all, it is relatively unlikely that a company with a small amount of business remaining will be the primary reason for winding up.
錯誤
Unless the company has been out of business for more than a year at all, it is relatively unlikely that a company with a small amount of business remaining will be the primary reason for winding up.
提示
Reference Chapter:1.3.51
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194/545問題
194. 問題
1 分QID1118:Which of the following is NOT a possible reason for compulsory liquidation?
正確
A company may be wound up by the court if:
(e) the event occurs on the occurrence of which the memorandum or articles of association provides that the company is to be dissolved; or
(f) the court is of the opinion that it would be just and equitable to wind up the company. Examples are where:
(ii) the company was formed for a fraudulent purpose; or
(iii) the basis of mutual trust, understanding and confidence on which the company was
formed no longer exists.錯誤
A company may be wound up by the court if:
(e) the event occurs on the occurrence of which the memorandum or articles of association provides that the company is to be dissolved; or
(f) the court is of the opinion that it would be just and equitable to wind up the company. Examples are where:
(ii) the company was formed for a fraudulent purpose; or
(iii) the basis of mutual trust, understanding and confidence on which the company was
formed no longer exists.提示
Reference Chapter:1.3.51
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195/545問題
195. 問題
1 分QID2673:The SFC are not authorised to use its power to
正確
Only courst can windup companies.
錯誤
Only courst can windup companies.
提示
Reference Chapter:1.3.51
-
196/545問題
196. 問題
1 分QID146:According to the New Companies Ordinance, can shareholders/members petition to the court for a winding up of a company?
正確
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(f) A member may apply to the court for an order if he considers that the affairs of the company are being conducted in a manner prejudicial to the interests of the members generally or of some part of the members.
(g) A member may petition for a winding up.錯誤
To ensure that this principle is not abused, certain safeguards are provided under the NCO to protect the interests of minority shareholders:
(f) A member may apply to the court for an order if he considers that the affairs of the company are being conducted in a manner prejudicial to the interests of the members generally or of some part of the members.
(g) A member may petition for a winding up.提示
Reference Chapter:1.3.52
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197/545問題
197. 問題
1 分QID1119:Petitioners of compulsory liquidation may be:
I. The Official Receiver.
II. The SFC, in lieu of public interest.
III. The Chief Executive.
IV. The Registrar of Companies.正確
The petitioners may be:
(e) the Registrar of Companies, if the company has breached provisions of the NCO or is being carried on for an unlawful purpose;
(f) the Official Receiver, where there is already a voluntary winding up (s. 179, CWUMPO); and
(g) the SFC, if it appears desirable in the public interest (SFO gives authority to the SFC).錯誤
The petitioners may be:
(e) the Registrar of Companies, if the company has breached provisions of the NCO or is being carried on for an unlawful purpose;
(f) the Official Receiver, where there is already a voluntary winding up (s. 179, CWUMPO); and
(g) the SFC, if it appears desirable in the public interest (SFO gives authority to the SFC).提示
Reference Chapter:1.3.52
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198/545問題
198. 問題
1 分QID1120:Petitioner(s) of compulsory liquidation may NOT be:
正確
The petitioners may be:
(a) the company;
(b) a creditor;
(d) the Financial Secretary, if he thinks it desirable in the public interest.錯誤
The petitioners may be:
(a) the company;
(b) a creditor;
(d) the Financial Secretary, if he thinks it desirable in the public interest.提示
Reference Chapter:1.3.52
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199/545問題
199. 問題
1 分QID1121:In the case of a compulsory liquidation, the liquidator should be appointed by:
正確
The court may appoint a liquidator.
錯誤
The court may appoint a liquidator.
提示
Reference Chapter:1.3.53
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200/545問題
200. 問題
1 分QID1123:Which of the following can start a Voluntary liquidation?
I. Members
II. Debtors
III. Creditors
IV. Directors正確
A voluntary winding-up may be started by members or creditors.
錯誤
A voluntary winding-up may be started by members or creditors.
提示
Reference Chapter:1.3.54
-
201/545問題
201. 問題
1 分QID1124:Voluntary liquidation may be started by which of the following?
I. Shareholders
II. Creditors
III. Financial Secretary
IV. The Chief Executive正確
A voluntary winding-up may be started by members or creditors.
錯誤
A voluntary winding-up may be started by members or creditors.
提示
Reference Chapter:1.3.54
-
202/545問題
202. 問題
1 分QID165:According the NCO, which of the following entities can start a voluntary liquidation?
I. Directors
II. Creditors
III. Members
IV. Financial Secretary正確
A voluntary winding-up may be started by members or creditors. There are fewer formalities than with a compulsory liquidation and this route is far more popular.
錯誤
A voluntary winding-up may be started by members or creditors. There are fewer formalities than with a compulsory liquidation and this route is far more popular.
提示
Reference Chapter:1.3.54
-
203/545問題
203. 問題
1 分QID1122:Voluntary liquidation can be initiated by which of the following parties?
I. Directors
II. Members
III. Creditors
IV. Court正確
A voluntary winding-up may be started by members or creditors.
錯誤
A voluntary winding-up may be started by members or creditors.
提示
Reference Chapter:1.3.54
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204/545問題
204. 問題
1 分QID1125:Which of the following is/are valid reason(s) for voluntary liquidation?
I. The period of the company’s planned existence as stated in its articles of association comes to an end.
II. A special resolution has been passed to wind up the company.
III. A passing of a resolution that it is advisable to wind up the company, as it cannot continue due to its liabilities.
IV. The directors of a company or, in a case of a company having more than 2 directors, the majority of the directors deliver a winding-up statement under section 228A that the company should be wound up after passing a resolution to that effect at a board meeting.正確
A voluntary winding-up is started:
(a) when the period fixed for the company’s duration as stated in its articles of association
comes to an end;
(b) by the passing of a special resolution for winding up; or
(c) if the directors of a company or, in the case of a company having more than two directors, the majority of the directors deliver a winding-up statement under s. 228A, CWUMPO that the company should be wound up after passing a resolution to that effect at a board meeting. However, prior to no later than 28 days after the delivery of any winding-up statement to the Registrar of Companies to commence the winding-up, a meeting of the company must have been summoned and a provisional liquidator must have been appointed. In the case of a private company having only one director, the sole director may make the winding-up statement.錯誤
A voluntary winding-up is started:
(a) when the period fixed for the company’s duration as stated in its articles of association
comes to an end;
(b) by the passing of a special resolution for winding up; or
(c) if the directors of a company or, in the case of a company having more than two directors, the majority of the directors deliver a winding-up statement under s. 228A, CWUMPO that the company should be wound up after passing a resolution to that effect at a board meeting. However, prior to no later than 28 days after the delivery of any winding-up statement to the Registrar of Companies to commence the winding-up, a meeting of the company must have been summoned and a provisional liquidator must have been appointed. In the case of a private company having only one director, the sole director may make the winding-up statement.提示
Reference Chapter:1.3.55
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205/545問題
205. 問題
1 分QID1129:If the directors believe that a company can repay its debt and obligations according to the certificate of solvency, within how long should the company repay all its outstanding obligations?
正確
Members’ voluntary winding up may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency” to the effect that they have:
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.錯誤
Members’ voluntary winding up may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency” to the effect that they have:
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.提示
Reference Chapter:1.3.56
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206/545問題
206. 問題
1 分QID1128:Which of the following are prerequisites to the issuance of Certificate of Solvency?
I. Agreed upon by a simple majority of directors.
II. Directors have made a full inquiry into the affairs of the company.
III. Directors have formed the opinion that the company will be able to pay its debts within 1 month from the commencement of the winding up as specified in the certificate of solvency.
IV. Directors have formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding up as specified in the certificate of solvency.正確
Members’ voluntary winding up may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency” to the effect that they have:
(a) made a full enquiry into the affairs of the company; and
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.錯誤
Members’ voluntary winding up may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency” to the effect that they have:
(a) made a full enquiry into the affairs of the company; and
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.提示
Reference Chapter:1.3.56
-
207/545問題
207. 問題
1 分QID2720:The document proving the company’s ability to pay its debts during the member’s (solvent) voluntary winding-up process is?
正確
The document certifying the company’s ability to pay its debts during the members’ (solvent) voluntary winding-up is a certificate of solvency.
錯誤
The document certifying the company’s ability to pay its debts during the members’ (solvent) voluntary winding-up is a certificate of solvency.
提示
Reference Chapter:1.3.56
-
208/545問題
208. 問題
1 分QID1126:Which of the following are the necessary prerequisites for a member’s voluntary winding-up to be undertaken?
I. The majority of the directors has issued a “certificate of solvency”.
II. The directors have made a full enquiry into the affairs of the company.
III. The directors have formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.
IV. The company has not been able to make a profit, or has not commenced business for the past year.正確
Members’ voluntary winding up may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency” to the effect that they have:
(a) made a full enquiry into the affairs of the company; and
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.錯誤
Members’ voluntary winding up may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency” to the effect that they have:
(a) made a full enquiry into the affairs of the company; and
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.提示
Reference Chapter:1.3.56
-
209/545問題
209. 問題
1 分QID1127:Voluntary liquidation can take place if the directors of a company or, in the case of a company having more than two directors, the majority of the directors, can issue which of the following documents?
正確
Members’ voluntary winding up may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency”.
錯誤
Members’ voluntary winding up may be undertaken if the directors or, in the case of a company having more than two directors, the majority of the directors issue a “certificate of solvency”.
提示
Reference Chapter:1.3.56
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210/545問題
210. 問題
1 分QID166:Which of the following statements about the “certificate of solvency” is correct?
I. It must be issued within the 5 weeks preceding the resolution to winding-up.
II. It must be delivered to the Registrar of Companies for registration.
III. “Certificate of solvency” should form the opinion that the company will be able to pay its debts within 12 months
IV. If the company fails to repay to its creditor after the “certificate of solvency” has been issued, the director of the company will be liable for such shortfall and may face criminal prosecution.正確
A member’s voluntary winding-up may be undertaken if the directors or, in the case of a company having more than two
directors, the majority of the directors issue a “certificate of solvency” to the effect that they have:
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.
The certificate of solvency must be issued within the five weeks preceding the resolution and be delivered to the Registrar of Companies for registration not later than when the copy of the winding-up resolution is delivered, and must include a statement of the company’s assets and liabilities at the latest practicable date.錯誤
A member’s voluntary winding-up may be undertaken if the directors or, in the case of a company having more than two
directors, the majority of the directors issue a “certificate of solvency” to the effect that they have:
(b) formed the opinion that the company will be able to pay its debts within 12 months from the commencement of the winding-up as specified in the certificate of solvency.
The certificate of solvency must be issued within the five weeks preceding the resolution and be delivered to the Registrar of Companies for registration not later than when the copy of the winding-up resolution is delivered, and must include a statement of the company’s assets and liabilities at the latest practicable date.提示
Reference Chapter:1.3.57
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211/545問題
211. 問題
1 分QID1131:The issuance of the “Certificate of Solvency” should be done:
正確
The certificate of solvency must be issued within the 5 weeks preceding the resolution and be delivered to the Registrar of Companies for registration not later than when the copy of the winding-up resolution is delivered.
錯誤
The certificate of solvency must be issued within the 5 weeks preceding the resolution and be delivered to the Registrar of Companies for registration not later than when the copy of the winding-up resolution is delivered.
提示
Reference Chapter:1.3.58
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212/545問題
212. 問題
1 分QID1130:The certificate of solvency should be delivered to:
正確
The certificate of solvency must be issued within the 5 weeks preceding the resolution and be delivered to the Registrar of Companies for registration not later than when the copy of the winding-up resolution is delivered.
錯誤
The certificate of solvency must be issued within the 5 weeks preceding the resolution and be delivered to the Registrar of Companies for registration not later than when the copy of the winding-up resolution is delivered.
提示
Reference Chapter:1.3.58
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213/545問題
213. 問題
1 分QID1132:The certificate of solvency should be issued within how long preceding the winding-up resolution?
正確
The certificate of solvency must be issued within the 5 weeks preceding the resolution and be delivered to the Registrar of Companies for registration not later than when the copy of the winding-up resolution is delivered.
錯誤
The certificate of solvency must be issued within the 5 weeks preceding the resolution and be delivered to the Registrar of Companies for registration not later than when the copy of the winding-up resolution is delivered.
提示
Reference Chapter:1.3.58
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214/545問題
214. 問題
1 分QID164:Which of the following individuals cannot petition for a court winding-up?
正確
The petitioners may be:
(a) the company;
(b) a creditor;
(c) a contributory (i.e. every person liable to contribute to the assets of a company in the event of its being wound up);
(d) the Financial Secretary, if he thinks it desirable in the public interest;
€ the Registrar of Companies, if the company has breached provisions of the NCO or is being carried on for an unlawful purpose;
(f) the Official Receiver, where there is already a voluntary winding up (s. 179, CWUMPO); and
(g) the SFC, if it appears desirable in the public interest (SFO gives authority to the SFC).錯誤
The petitioners may be:
(a) the company;
(b) a creditor;
(c) a contributory (i.e. every person liable to contribute to the assets of a company in the event of its being wound up);
(d) the Financial Secretary, if he thinks it desirable in the public interest;
€ the Registrar of Companies, if the company has breached provisions of the NCO or is being carried on for an unlawful purpose;
(f) the Official Receiver, where there is already a voluntary winding up (s. 179, CWUMPO); and
(g) the SFC, if it appears desirable in the public interest (SFO gives authority to the SFC).提示
Reference Chapter:1.3.59
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215/545問題
215. 問題
1 分QID1136:Which one of the following are accurate representations of creditors’ voluntary winding up?
I. Creditors’ voluntary winding up may be a result of failure in compulsory liquidation.
II. The company arranges a meeting of the creditors to be summoned for the day when the resolution to wind up is proposed or for the next day.
III. Advertisements will have to be run in the Gazette and newspapers.
IV. A statement of assets and liabilities, and a list of creditors and amounts due, will be presented to the meeting at which a liquidator and a committee of inspection will be appointed.正確
Where a resolution for voluntary winding-up has been proposed, the company must arrange a meeting of the creditors to be held within 14 days thereafter subject to a minimum notice period of 7 days. Advertisements must be run in the Gazette and newspapers. A statement of the position of the company’s affairs will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.
錯誤
Where a resolution for voluntary winding-up has been proposed, the company must arrange a meeting of the creditors to be held within 14 days thereafter subject to a minimum notice period of 7 days. Advertisements must be run in the Gazette and newspapers. A statement of the position of the company’s affairs will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.
提示
Reference Chapter:1.3.59
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216/545問題
216. 問題
1 分QID1135:If the creditors decide to summon a meeting for the day when the resolution to wind up is proposed or for the next day, what kind of documents will be presented to the meeting?
I. Articles of Association
II. A statement of the position of the company’s affairs
III. List of Proof of Debt provided by Creditors
IV. Balance Sheet of the company正確
Where a resolution for voluntary winding-up has been proposed, the company must arrange a meeting of the creditors to be held within 14 days thereafter subject to a minimum notice period of 7 days. Advertisements must be run in the Gazette and newspapers. A statement of the position of the company’s affairs will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.
錯誤
Where a resolution for voluntary winding-up has been proposed, the company must arrange a meeting of the creditors to be held within 14 days thereafter subject to a minimum notice period of 7 days. Advertisements must be run in the Gazette and newspapers. A statement of the position of the company’s affairs will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.
提示
Reference Chapter:1.3.59
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217/545問題
217. 問題
1 分QID1134:If the creditors decide to summon a meeting for the day when the resolution to wind up is proposed or for the next day, the company must arrange advertisements to be run in the Gazette and newspapers. This form of liquidation is likely to be:
正確
Where a resolution for voluntary winding-up has been proposed, the company must arrange a meeting of the creditors to be held within 14 days thereafter subject to a minimum notice period of 7 days. Advertisements must be run in the Gazette and newspapers. A statement of the position of the company’s affairs will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.
錯誤
Where a resolution for voluntary winding-up has been proposed, the company must arrange a meeting of the creditors to be held within 14 days thereafter subject to a minimum notice period of 7 days. Advertisements must be run in the Gazette and newspapers. A statement of the position of the company’s affairs will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.
提示
Reference Chapter:1.3.59
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218/545問題
218. 問題
1 分QID1133:The liquidator and committee of inspection of a creditors’ voluntary winding up may be appointed by:
正確
Where a resolution for voluntary winding-up has been proposed, the company must arrange a meeting of the creditors to be held within 14 days thereafter subject to a minimum notice period of 7 days. Advertisements must be run in the Gazette and newspapers. A statement of the position of the company’s affairs will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.
錯誤
Where a resolution for voluntary winding-up has been proposed, the company must arrange a meeting of the creditors to be held within 14 days thereafter subject to a minimum notice period of 7 days. Advertisements must be run in the Gazette and newspapers. A statement of the position of the company’s affairs will be presented to the meeting, at which a liquidator and a committee of inspection will be appointed to supervise the process.
提示
Reference Chapter:1.3.59
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219/545問題
219. 問題
1 分QID167:If a members’ voluntary winding-up is not applicable or practical, a creditors’ voluntary winding-up will take place. Which of the following entities will monitor such winding-up?
正確
Committee of inspection will be appointed to supervise the process.
錯誤
Committee of inspection will be appointed to supervise the process.
提示
Reference Chapter:1.3.59
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220/545問題
220. 問題
1 分QID135:Which of the following statements correctly describe public company under the new company ordinance?
I. It is a company that is not a private company.
II. It is a company that is not a guarantee company.
III. It must have more than 50 members.
IV. It restricts the right to transfer its shares.正確
A public company is one that is not a private company, i.e. does not meet the requirements for a private company stated above, and is not a guarantee company. It also has more than 50 members, contrary to a private company.
錯誤
A public company is one that is not a private company, i.e. does not meet the requirements for a private company stated above, and is not a guarantee company. It also has more than 50 members, contrary to a private company.
提示
Reference Chapter:1.3.6
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221/545問題
221. 問題
1 分QID1051:Which of the following descriptions about a public company is correct?
正確
A public company is one that is not a private company, i.e. does not meet the requirements for a private company stated above, and is not a guarantee company.
錯誤
A public company is one that is not a private company, i.e. does not meet the requirements for a private company stated above, and is not a guarantee company.
提示
Reference Chapter:1.3.6
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222/545問題
222. 問題
1 分QID1052:A public company is one that:
I. Is not a private company.
II. Is not a guarantee company.
III. Must be a listed company.
IV. May not be a listed company.正確
A public company is one that is not a private company, i.e. does not meet the requirements for a private company stated above, and is not a guarantee company.
錯誤
A public company is one that is not a private company, i.e. does not meet the requirements for a private company stated above, and is not a guarantee company.
提示
Reference Chapter:1.3.6
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223/545問題
223. 問題
1 分QID130:Which of the following is not a contract?
正確
A contract is an agreement between two or more persons creating obligations that are enforceable or otherwise recognisable under law, for example:
(a) the purchase or sale of a security or futures contract;
(b) the acceptance by an investor of an initial public offer of securities made by an issuer;
© an undertaking to manage a mutual fund; and
(d) the purchase of a leveraged foreign exchange contract.
Case D doesn’t comply with these requirements.錯誤
A contract is an agreement between two or more persons creating obligations that are enforceable or otherwise recognisable under law, for example:
(a) the purchase or sale of a security or futures contract;
(b) the acceptance by an investor of an initial public offer of securities made by an issuer;
© an undertaking to manage a mutual fund; and
(d) the purchase of a leveraged foreign exchange contract.
Case D doesn’t comply with these requirements.提示
Reference Chapter:1.3.60
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224/545問題
224. 問題
1 分QID1137:Which of the following is not an example of making a contract?
正確
A contract is an agreement between two or more persons creating obligations that are enforceable or otherwise recognisable under law, for example:
(a) the purchase or sale of a security or futures contract;
(b) the acceptance by an investor of an initial public offer of securities made by an issuer;
(c.) an undertaking to manage a mutual fund.錯誤
A contract is an agreement between two or more persons creating obligations that are enforceable or otherwise recognisable under law, for example:
(a) the purchase or sale of a security or futures contract;
(b) the acceptance by an investor of an initial public offer of securities made by an issuer;
(c.) an undertaking to manage a mutual fund.提示
Reference Chapter:1.3.60
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225/545問題
225. 問題
1 分QID1139:Which of the following conditions will make the contract void?
I. One party was forced into a contract under pressure.
II. A contract has illegal elements.
III. One or both parties are underage or mentally ill.
IV. The contract would result in financial damages to one party.正確
The elements of a legally binding contract are the following:
(d) the parties must have legal capacity, i.e. they must be at least 18 years of age and have no mental impairment; thus, if a securities dealer enters into a contract with a minor, the dealer may be at risk if the minor disclaims his commitments
(e) a contract may be unenforceable if it has an illegal element, and thus an intermediary may face legal risk; and
(f) the parties must have given their consent to the contract without any form of pressure; if a party was forced to enter into the contract under pressure, the contract will be void.錯誤
The elements of a legally binding contract are the following:
(d) the parties must have legal capacity, i.e. they must be at least 18 years of age and have no mental impairment; thus, if a securities dealer enters into a contract with a minor, the dealer may be at risk if the minor disclaims his commitments
(e) a contract may be unenforceable if it has an illegal element, and thus an intermediary may face legal risk; and
(f) the parties must have given their consent to the contract without any form of pressure; if a party was forced to enter into the contract under pressure, the contract will be void.提示
Reference Chapter:1.3.61
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226/545問題
226. 問題
1 分QID1138:Which of the following is NOT an element of a legal contract?
正確
The elements of a legally binding contract are the following:
(a) an intention to create legal obligations;
(c.) there is valuable consideration, which can include an agreement not to sue under the contract; a contract under deed does not need consideration;
(d) the parties must have legal capacity, i.e. they must be at least 18 years of age and have no mental impairment; thus, if a securities dealer enters into a contract with a minor, the dealer may be at risk if the minor disclaims his commitments錯誤
The elements of a legally binding contract are the following:
(a) an intention to create legal obligations;
(c.) there is valuable consideration, which can include an agreement not to sue under the contract; a contract under deed does not need consideration;
(d) the parties must have legal capacity, i.e. they must be at least 18 years of age and have no mental impairment; thus, if a securities dealer enters into a contract with a minor, the dealer may be at risk if the minor disclaims his commitments提示
Reference Chapter:1.3.61
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227/545問題
227. 問題
1 分QID1140:Which of the following descriptions about contracts are correct?
I. Can be expressly agreed or implied.
II. Contracts must be a form of warranty.
III. A warranty is a term of a contract which is of considerable importance such that a breach of a condition might lead to repudiation by the innocent party or a claim for damage.
IV. There can be conditions precedent (which must be met) or conditions subsequent which, if they fail, may lead to repudiation of the contract.正確
The terms of the contract are important:
(a) They can be expressly agreed or implied (the terms may be implied by court or by common law).
(b) They can be conditions or warranties; a condition is a term of a contract which is of considerable importance such that a breach of a condition might lead to repudiation by the innocent party or a claim for damages; a warranty is a term of lesser importance such that a breach of a warranty may only lead to a claim for damages by an injured party.
(c.) There can be conditions precedent (which must be met) or conditions subsequent which, if they fail, may lead to repudiation of the contract.錯誤
The terms of the contract are important:
(a) They can be expressly agreed or implied (the terms may be implied by court or by common law).
(b) They can be conditions or warranties; a condition is a term of a contract which is of considerable importance such that a breach of a condition might lead to repudiation by the innocent party or a claim for damages; a warranty is a term of lesser importance such that a breach of a warranty may only lead to a claim for damages by an injured party.
(c.) There can be conditions precedent (which must be met) or conditions subsequent which, if they fail, may lead to repudiation of the contract.提示
Reference Chapter:1.3.62
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228/545問題
228. 問題
1 分QID1141:Which of the following descriptions about agency laws is correct?
正確
Agency is a fiduciary relationship (see section 3.66 below) created by express or implied contract or by law, in which one party, the agent, may act on behalf of another, the principal, and bind the principal by those of his words or actions that are within the scope of his agency.
錯誤
Agency is a fiduciary relationship (see section 3.66 below) created by express or implied contract or by law, in which one party, the agent, may act on behalf of another, the principal, and bind the principal by those of his words or actions that are within the scope of his agency.
提示
Reference Chapter:1.3.63
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229/545問題
229. 問題
1 分QID1142:Agency laws can be applied to which of the following cases?
I. A stock broker and his client.
II. A trustee and a beneficiary.
III. An auditor and a company.
IV. Solicitors and his clients.正確
The law of agency has an important impact on financial services. For example, a stockbroker can be an agent for his client, and an account executive may be considered the agent of his employer.
錯誤
The law of agency has an important impact on financial services. For example, a stockbroker can be an agent for his client, and an account executive may be considered the agent of his employer.
提示
Reference Chapter:1.3.64
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230/545問題
230. 問題
1 分QID907:Is the principal liable for the acts of wrongdoing of his/her/its agent?
正確
The principal liable for the acts of wrongdoing of his/her/its agent.
錯誤
The principal liable for the acts of wrongdoing of his/her/its agent.
提示
Reference Chapter:1.3.65
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231/545問題
231. 問題
1 分QID1143:Which of the following statements correctly describes fiduciary relationships?
I. A fiduciary relationship must be either business or monetary interest to both parties.
II. A fiduciary is a person who should be serviced with duties of good faith, trust, confidence, honesty and care by another person.
III. All fiduciary relationships are agencies.
IV. All agencies are fiduciary relationships.正確
A fiduciary is a person who owes another person duties of good faith, trust, confidence, honesty and care. A fiduciary relationship is one in which one person has a duty to act for the benefit of the other on matters within the scope of their relationship. Examples of fiduciary relationships are those of stockbroker and client, principal and agent, solicitor and client, and trustee and beneficiary.
錯誤
A fiduciary is a person who owes another person duties of good faith, trust, confidence, honesty and care. A fiduciary relationship is one in which one person has a duty to act for the benefit of the other on matters within the scope of their relationship. Examples of fiduciary relationships are those of stockbroker and client, principal and agent, solicitor and client, and trustee and beneficiary.
提示
Reference Chapter:1.3.66
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232/545問題
232. 問題
1 分QID2578:Which of the following best explains the basis of fiduciary relationship between a stockbroker and a client who signed a client agreement?
正確
A fiduciary relationship means when the fiduciary, here this means the stockbroker, has a duty to act for the best benefit of the other person, meaning the client in this case. The written agreement is only a record of the relationship.
錯誤
A fiduciary relationship means when the fiduciary, here this means the stockbroker, has a duty to act for the best benefit of the other person, meaning the client in this case. The written agreement is only a record of the relationship.
提示
Reference Chapter:1.3.66
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233/545問題
233. 問題
1 分QID129:Which of the following branches of law is intended to provide remedies for individuals or businesses that have suffered loss as a result of the actions of another person?
正確
Civil law is intended to provide remedies for individuals or businesses that have suffered loss as a result of the actions of another person. Unlike criminal law, civil law is not primarily intended to punish the wrongdoer
錯誤
Civil law is intended to provide remedies for individuals or businesses that have suffered loss as a result of the actions of another person. Unlike criminal law, civil law is not primarily intended to punish the wrongdoer
提示
Reference Chapter:1.3.67
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234/545問題
234. 問題
1 分QID1659:Which of the followings is an example of tort?
正確
A tort are losses that incur without a contractual relationship in place. The careless mistake is not a part of the contract and thus is a tort.
錯誤
A tort are losses that incur without a contractual relationship in place. The careless mistake is not a part of the contract and thus is a tort.
提示
Reference Chapter:1.3.67
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235/545問題
235. 問題
1 分QID1144:Which of the following descriptions about law of tort are correct?
I. Law of tort is used in civil law cases.
II. Law of tort are based on ancient roman laws.
III. When parties who have no contractual relationship are in a situation where one party suffers loss or damage as a result of the act of the other, a wrong or tort may have occurred and under civil law a liability may have arisen.
IV. The tort of negligence is a tort committed as a result of a failure to observe the standard of care expected under the law in a particular case.正確
When parties who have no contractual relationship are in a situation where one party suffers loss or damage as a result of the act of the other, a wrong or tort may have occurred, and under civil law a liability may have arisen. There are various branches of the law of tort, of which the tort of negligence has the most direct application to securities and futures business. The tort of negligence is one committed as a result of a failure to observe the standard of care expected under law in a particular case.
錯誤
When parties who have no contractual relationship are in a situation where one party suffers loss or damage as a result of the act of the other, a wrong or tort may have occurred, and under civil law a liability may have arisen. There are various branches of the law of tort, of which the tort of negligence has the most direct application to securities and futures business. The tort of negligence is one committed as a result of a failure to observe the standard of care expected under law in a particular case.
提示
Reference Chapter:1.3.67
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236/545問題
236. 問題
1 分QID128:According to the Securities & Futures Ordinance and other regulation governing the securities industry,
正確
Civil law is intended to provide remedies for individuals or businesses that have suffered loss as a result of the actions of another person. Unlike criminal law, civil law is not primarily intended to punish the wrongdoer.
錯誤
Civil law is intended to provide remedies for individuals or businesses that have suffered loss as a result of the actions of another person. Unlike criminal law, civil law is not primarily intended to punish the wrongdoer.
提示
Reference Chapter:1.3.67
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237/545問題
237. 問題
1 分QID127:Which of the following descriptions about civil law and criminal law is correct?
正確
Unlike criminal law, civil law is not
primarily intended to punish the wrongdoer. The injured party, the plaintiff, brings the action for damages, compensation, redress or other remedy, such as the special equitable ones mentioned earlier, against the person causing the injury, who is the defendant. The court order or award is made if the plaintiff can prove his claim on “the balance of probabilities”. This is a standard of proof that is much less stringent than the level of “beyond reasonable
doubt” required in a criminal case. The case is brought in a civil court in the name of the plaintiff against the defendant.錯誤
Unlike criminal law, civil law is not
primarily intended to punish the wrongdoer. The injured party, the plaintiff, brings the action for damages, compensation, redress or other remedy, such as the special equitable ones mentioned earlier, against the person causing the injury, who is the defendant. The court order or award is made if the plaintiff can prove his claim on “the balance of probabilities”. This is a standard of proof that is much less stringent than the level of “beyond reasonable
doubt” required in a criminal case. The case is brought in a civil court in the name of the plaintiff against the defendant.提示
Reference Chapter:1.3.67
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238/545問題
238. 問題
1 分QID1145:Which of the following statements correctly describe the employment laws?
I. An employer must provide his employee with remuneration, indemnity for expenses, losses and liabilities incurred while performing his duties.
II. An employee must demonstrate skills and competence, faithful service, obedience and confidentiality.
III. A director service is considered as an employment relationship by the company ordinance.
IV. If the two parties fail to observe these basic elements in the relationship, there can be a breach of the law as well as of the contractual relationship between them.正確
Under common law, an employer must provide his employee with remuneration, indemnity for expenses, losses and liabilities incurred while performing his duties, and a safe working
environment.
Also, under common law, an employee must demonstrate skills and competence, faithful service, obedience and confidentiality.
If the two parties fail to observe these basic elements in the relationship, there can be a breach of the law as well as of the contractual relationship between them.錯誤
Under common law, an employer must provide his employee with remuneration, indemnity for expenses, losses and liabilities incurred while performing his duties, and a safe working
environment.
Also, under common law, an employee must demonstrate skills and competence, faithful service, obedience and confidentiality.
If the two parties fail to observe these basic elements in the relationship, there can be a breach of the law as well as of the contractual relationship between them.提示
Reference Chapter:1.3.69&70&71
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239/545問題
239. 問題
1 分QID1043:Which of the following is a correct description of a guarantee company?
正確
A guarantee company is one that:
(a) does not have a share capital; and
(b) the liability of its members is limited by the company’s articles to the amount that the members undertake to contribute to the assets of the company in the event of its being wound up.錯誤
A guarantee company is one that:
(a) does not have a share capital; and
(b) the liability of its members is limited by the company’s articles to the amount that the members undertake to contribute to the assets of the company in the event of its being wound up.提示
Reference Chapter:1.3.7
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240/545問題
240. 問題
1 分QID1044:A guarantee company is one that:
I. does not have a share capital.
II. is not a private company.
III. the liability of its members is limited by the company’s articles to the amount that the members undertake to contribute to the assets of the company in the event of its being wound up.
IV. does not have a director.正確
A guarantee company is one that:
(a) does not have a share capital; and
(b) the liability of its members is limited by the company’s articles to the amount that the members undertake to contribute to the assets of the company in the event of its being wound up.錯誤
A guarantee company is one that:
(a) does not have a share capital; and
(b) the liability of its members is limited by the company’s articles to the amount that the members undertake to contribute to the assets of the company in the event of its being wound up.提示
Reference Chapter:1.3.7
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241/545問題
241. 問題
1 分QID501:Which of the follow ordinance/codes/rules protect the privacy of individuals in relation to their personal data?
正確
The Personal Data (Privacy) Ordinance (“PDPO”) was established to protect the privacy of individuals in relation to personal data.
錯誤
The Personal Data (Privacy) Ordinance (“PDPO”) was established to protect the privacy of individuals in relation to personal data.
提示
Reference Chapter:1.3.72
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242/545問題
242. 問題
1 分QID2394:People who enforce the Privacy Ordinance are:
正確
People who enforce the Privacy Ordinance are the Privacy Commissioner for Personal Data.
錯誤
People who enforce the Privacy Ordinance are the Privacy Commissioner for Personal Data.
提示
Reference Chapter:1.3.72
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243/545問題
243. 問題
1 分QID502:According to the Personal Data (Privacy) Ordinance, personal data refers to:
正確
“Personal data” means any data relating directly or indirectly to a living individual, from which it is practicable for the identity of the individual to be directly or indirectly ascertained (and are in a form in which access or processing is practicable).
錯誤
“Personal data” means any data relating directly or indirectly to a living individual, from which it is practicable for the identity of the individual to be directly or indirectly ascertained (and are in a form in which access or processing is practicable).
提示
Reference Chapter:1.3.72
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244/545問題
244. 問題
1 分QID805:Which of the following are classified as personal data under the PDPO?
I. Data relating directly to a living individual, from which it is practicable for the identity of the individual to be directly ascertained.
II. Data relating indirectly to a living individual, from which it is practicable for the identity of the individual to be directly ascertained.
III. Data relating directly to a living individual, from which it is practicable for the identity of the individual to be indirectly ascertained.
IV. Data relating indirectly to a living individual, from which it is practicable for the identity of the individual to be indirectly ascertained.正確
“Personal data” means any data relating directly or indirectly to a living individual, from which it is practicable for the identity of the individual to be directly or indirectly ascertained (and are in a form in which access or processing is practicable).
錯誤
“Personal data” means any data relating directly or indirectly to a living individual, from which it is practicable for the identity of the individual to be directly or indirectly ascertained (and are in a form in which access or processing is practicable).
提示
Reference Chapter:1.3.72
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245/545問題
245. 問題
1 分QID808:The PDPO is applicable to which of the following individuals?
I. The user of personal data
II. The collector of personal data
III. The holder of personal data
IV. The processor of personal data正確
The Personal Data (Privacy) Ordinance (“PDPO”) was established to protect the privacy of individuals in relation to personal data. It applies to any data user who, in relation to personal data, means a person who alone or jointly, or in common with other persons, controls the collection, holding, processing or use of the data.
錯誤
The Personal Data (Privacy) Ordinance (“PDPO”) was established to protect the privacy of individuals in relation to personal data. It applies to any data user who, in relation to personal data, means a person who alone or jointly, or in common with other persons, controls the collection, holding, processing or use of the data.
提示
Reference Chapter:1.3.72
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246/545問題
246. 問題
1 分QID1147:Which of the following is responsible for the enforcement of Personal Data (Privacy) Ordinance?
正確
The Privacy Commissioner for Personal Data is an independent public officer appointed to enforce and promote compliance with the PDPO.
錯誤
The Privacy Commissioner for Personal Data is an independent public officer appointed to enforce and promote compliance with the PDPO.
提示
Reference Chapter:1.3.72
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247/545問題
247. 問題
1 分QID1146:Under the Personal Data (Privacy) Ordinance, the subject is entitled to which of the following rights?
I. The subject shall be notified about the purpose of collection of personal data.
II. The subject’s personal data should not, without the consent of the data subject, be used for any purpose other than that for which it was collected or a directly related purpose
III. The data subject shall be entitled to ascertain whether data of which he is the subject are held, request and receive access to his personal data within a reasonable time at a reasonable fee and in an intelligible form, and to request corrections to the data and to be given reasons for any refusals in relation to the above and to object.
IV. The subject’s personal data shall not be collected unless lawfully and fairly collected for a lawful purpose directly related to a function or activity of the data user, the collection is necessary for or directly related to that purpose and the data is not excessive for the purpose.正確
(a) Principle 1 – purpose and manner of collection of personal data
(i) Personal data shall not be collected unless for a lawful purpose directly related to a function or activity of the data user, and unless the collection is necessary for or directly related to that purpose and the data is not excessive for the purpose.
(ii) Where the data is collected from the data subject, he should be informed, at the prescribed times, of the purpose for which the data is to be used, the classes of persons to whom the data may be transferred and of his rights to access and to request the correction of the data.
(c) Principle 3 – use of personal data
Personal data should not, without the consent of the data subject, be used for a new purpose.
(f) Principle 6 – access to personal data
A data subject shall be entitled to ascertain whether data of which he is the subject is held, request and receive access to his personal data within a reasonable time at a reasonable fee and in an intelligible form, and to request corrections to the data, and to be given reasons for any refusals in relation to the above and to object to the Privacy Commissioner for Personal Data.錯誤
(a) Principle 1 – purpose and manner of collection of personal data
(i) Personal data shall not be collected unless for a lawful purpose directly related to a function or activity of the data user, and unless the collection is necessary for or directly related to that purpose and the data is not excessive for the purpose.
(ii) Where the data is collected from the data subject, he should be informed, at the prescribed times, of the purpose for which the data is to be used, the classes of persons to whom the data may be transferred and of his rights to access and to request the correction of the data.
(c) Principle 3 – use of personal data
Personal data should not, without the consent of the data subject, be used for a new purpose.
(f) Principle 6 – access to personal data
A data subject shall be entitled to ascertain whether data of which he is the subject is held, request and receive access to his personal data within a reasonable time at a reasonable fee and in an intelligible form, and to request corrections to the data, and to be given reasons for any refusals in relation to the above and to object to the Privacy Commissioner for Personal Data.提示
Reference Chapter:1.3.73
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248/545問題
248. 問題
1 分QID2838:The data protection principles set out in the Personal Data (Privacy) Ordinance (PDPO) do not include
正確
The data protection principles set out in the PDPO include:
I. Purpose and manner of collection of personal data
II. Accuracy of Personal Data and Retention Period
III. Use of Personal Data
IV. Security of personal data
V. Information to be available in general
VI. Access to personal data錯誤
The data protection principles set out in the PDPO include:
I. Purpose and manner of collection of personal data
II. Accuracy of Personal Data and Retention Period
III. Use of Personal Data
IV. Security of personal data
V. Information to be available in general
VI. Access to personal data提示
Reference Chapter:1.3.73
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249/545問題
249. 問題
1 分QID2827:Registration and Electoral Office lost a notebook computer containing voters’ information. This is more likely to violate
正確
The data protection principles set out in the PDPO include:
I. Purpose and manner of collection of personal data
II. Accuracy of Personal Data and Retention Period
III. Use of Personal Data
IV. Security of personal data
V. Information to be available in general
VI. Access to personal data錯誤
The data protection principles set out in the PDPO include:
I. Purpose and manner of collection of personal data
II. Accuracy of Personal Data and Retention Period
III. Use of Personal Data
IV. Security of personal data
V. Information to be available in general
VI. Access to personal data提示
Reference Chapter:1.3.73
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250/545問題
250. 問題
1 分QID2748:The data protection principles set out in the Personal Data (Privacy) Ordinance (PDPO) do not include
正確
The data protection principles set out in the PDPO include:
I. Purpose and manner of collection of personal data
II. Accuracy and duration of retention
III. Use of Personal Data
IV. Security of personal data
V. Information to be available in general
VI. Access to personal data錯誤
The data protection principles set out in the PDPO include:
I. Purpose and manner of collection of personal data
II. Accuracy and duration of retention
III. Use of Personal Data
IV. Security of personal data
V. Information to be available in general
VI. Access to personal data提示
Reference Chapter:1.3.73
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251/545問題
251. 問題
1 分QID2395:Which of the following statement is incorrect regarding the Privacy Ordinance?
正確
Securities companies have the responsibilities to provide clients with copies of their personal information, but not necessarily for free. The SFC can have access to the personal information of anyone in the period of investigation. The Stock Exchange of Hong Kong Limited has the right to ask for information with regard to senior management and part of shareholders from listed issuers. For these are reasonable uses. Clients can ask the company to delete their personal information, though it’s another issue that whether there are capabilities to continue to provide services.
錯誤
Securities companies have the responsibilities to provide clients with copies of their personal information, but not necessarily for free. The SFC can have access to the personal information of anyone in the period of investigation. The Stock Exchange of Hong Kong Limited has the right to ask for information with regard to senior management and part of shareholders from listed issuers. For these are reasonable uses. Clients can ask the company to delete their personal information, though it’s another issue that whether there are capabilities to continue to provide services.
提示
Reference Chapter:1.3.73
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252/545問題
252. 問題
1 分QID1149:The data protection principles include:
I. information to be generally available to the public.
II. use of personal data.
III. purpose and manner of collection of personal data.
IV. accuracy and duration of retention of personal data.正確
Principle 1 – purpose and manner of collection of personal data
Principle 2 – accuracy and duration of retention of personal data
Principle 3 – use of personal data
Principle 5 is “information to be generally available”, but not ” information to be generally available to the public”.錯誤
Principle 1 – purpose and manner of collection of personal data
Principle 2 – accuracy and duration of retention of personal data
Principle 3 – use of personal data
Principle 5 is “information to be generally available”, but not ” information to be generally available to the public”.提示
Reference Chapter:1.3.73
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253/545問題
253. 問題
1 分QID1148:Which of the following is NOT a data protection principle according to the PDPO?
正確
Principle 1 – purpose and manner of collection of personal data
Principle 2 – accuracy and duration of retention of personal data
Principle 5 – information to be generally available錯誤
Principle 1 – purpose and manner of collection of personal data
Principle 2 – accuracy and duration of retention of personal data
Principle 5 – information to be generally available提示
Reference Chapter:1.3.73
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254/545問題
254. 問題
1 分QID504:What of the following is not a principle of the PDPO?
正確
Option C, Functionality, is not a principle stated in the Schedule 1 of the PDPO.
錯誤
Option C, Functionality, is not a principle stated in the Schedule 1 of the PDPO.
提示
Reference Chapter:1.3.73
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255/545問題
255. 問題
1 分QID505:British Construction Bank is an authorised financial institution. Amid the downfall of the Hong Kong banking sector, it has decided to promote its personal loan service by acquiring a list of clients and contacts from its wholly owned subsidiary British Construction Securities, a licensed corporation. Should British Construction Securities provide such information to British Construction Bank?
正確
Where the data is collected from the data subject, he should be informed, at the prescribed times, of the purpose for which the data is to be used, the classes of persons to whom the data may be transferred and of his rights to access and to request the correction of the data. Also, personal data should not, without the consent of the data subject, be used for a new purpose.
錯誤
Where the data is collected from the data subject, he should be informed, at the prescribed times, of the purpose for which the data is to be used, the classes of persons to whom the data may be transferred and of his rights to access and to request the correction of the data. Also, personal data should not, without the consent of the data subject, be used for a new purpose.
提示
Reference Chapter:1.3.73
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256/545問題
256. 問題
1 分QID503:Which of the following is NOT one of the 6 principles set in the
Personal Data (Privacy) Ordinance?正確
Option C, Manner of saving personal data, is not a principle stated in the Schedule 1 of the PDPO.
錯誤
Option C, Manner of saving personal data, is not a principle stated in the Schedule 1 of the PDPO.
提示
Reference Chapter:1.3.73
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257/545問題
257. 問題
1 分QID1045:A listed company is one that:
正確
A listed company is one that has any of its shares listed on a recognized stock market.
錯誤
A listed company is one that has any of its shares listed on a recognized stock market.
提示
Reference Chapter:1.3.8
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258/545問題
258. 問題
1 分QID1047:Which of the following descriptions about the articles of association under the NCO is correct?
I. The articles of association of a company is considered to be the single constitutional document of the company and form an agreement between the company and its members.
II. The articles of association of a company is considered to be the single constitutional document of the company and form an agreement among its members.
III. The articles of association prescribe regulations for the internal management and operation of the company.
IV. The articles of association are subsidiary to the memorandum of association.正確
The articles of association of a company is considered to be the single constitutional document of the company and form an agreement between the company and its members. The articles of association prescribe regulations for the internal management and operation of the company.
錯誤
The articles of association of a company is considered to be the single constitutional document of the company and form an agreement between the company and its members. The articles of association prescribe regulations for the internal management and operation of the company.
提示
Reference Chapter:1.3.9
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259/545問題
259. 問題
1 分QID1049:The articles of association of a company is:
正確
The articles of association of a company is considered to be the single constitutional document of the company and form an agreement between the company and its members. The articles of association prescribe regulations for the internal management and operation of the company.
錯誤
The articles of association of a company is considered to be the single constitutional document of the company and form an agreement between the company and its members. The articles of association prescribe regulations for the internal management and operation of the company.
提示
Reference Chapter:1.3.9
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260/545問題
260. 問題
1 分QID1046:Which one of the following descriptions about the articles of association under the NCO is correct?
正確
The articles of association of a company is considered to be the single constitutional document of the company and form an agreement between the company and its members.
錯誤
The articles of association of a company is considered to be the single constitutional document of the company and form an agreement between the company and its members.
提示
Reference Chapter:1.3.9
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261/545問題
261. 問題
1 分QID1150:The SFC was created by law under the:
正確
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO).
錯誤
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO).
提示
Reference Chapter:1.4.1
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262/545問題
262. 問題
1 分QID72:Which of the following Committees, tribunals and panels manages the administration of Codes on Takeovers and Mergers and Share Buy-backs?
正確
Corporate Finance Division:
(a) administers The Codes on Takeovers and Mergers and Share Buy-backs and regulates takeovers, mergers and share buy-backs of applicable companies錯誤
Corporate Finance Division:
(a) administers The Codes on Takeovers and Mergers and Share Buy-backs and regulates takeovers, mergers and share buy-backs of applicable companies提示
Reference Chapter:1.4.1
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263/545問題
263. 問題
1 分QID2832:Which of the following is not a financial regulator in Hong Kong?
正確
The Securities Commission option is wrong, the correct name is Securities and Futures Commission.
錯誤
The Securities Commission option is wrong, the correct name is Securities and Futures Commission.
提示
Reference Chapter:1.4.1
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264/545問題
264. 問題
1 分QID2738:The Securities and Futures Commission (SFC) is a/an
正確
The SFC is an independent statutory body, not a government department.
錯誤
The SFC is an independent statutory body, not a government department.
提示
Reference Chapter:1.4.1
-
265/545問題
265. 問題
1 分QID11:Under what circumstance can the Government intervene in the securities market in Hong Kong?
正確
The broad points stated by the Securities Review Committee under Ian Hay Davison were the need for: (e) checks and balances on the system, with the exchanges being supervised by a
commission independent of the Government, with the Government only to intervene if and when the Commission failed to regulate properly.錯誤
The broad points stated by the Securities Review Committee under Ian Hay Davison were the need for: (e) checks and balances on the system, with the exchanges being supervised by a
commission independent of the Government, with the Government only to intervene if and when the Commission failed to regulate properly.提示
Reference Chapter:1.4.1
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266/545問題
266. 問題
1 分QID1151:Which of the following descriptions correctly describes the status of the SFC?
正確
The SFC is independent, meaning that it is not part of the
Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government.錯誤
The SFC is independent, meaning that it is not part of the
Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government.提示
Reference Chapter:1.4.1
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267/545問題
267. 問題
1 分QID732:Which of the following descriptions about the SFC is correct?
正確
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO). It is independent, meaning that it is not part of the
Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government.錯誤
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO). It is independent, meaning that it is not part of the
Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government.提示
Reference Chapter:1.4.1
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268/545問題
268. 問題
1 分QID57:The SFC﹕
I. Reports to the government
II. Was formed under the Securities and Futures Ordinance
III. Is not responsible for licensing of intermediaries
IV. Is a part of the government正確
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO). It is independent, meaning that it is not part of the
Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government as described in section 2 above.錯誤
The SFC was created by law under the Securities and Futures Commission Ordinance (now repealed and subsumed in the SFO). It is independent, meaning that it is not part of the
Government machinery of the Civil Service or the ministerial system. Nevertheless, it reports to and is accountable to the Government as described in section 2 above.提示
Reference Chapter:1.4.1
-
269/545問題
269. 問題
1 分QID969:Does the Advisory Committee of the SFC have any executive powers?
正確
The Advisory Committee of the SFC has no executive powers, it only advise the SFC on policy matters concerning its regulatory objectives and functions.
錯誤
The Advisory Committee of the SFC has no executive powers, it only advise the SFC on policy matters concerning its regulatory objectives and functions.
提示
Reference Chapter:1.4.10
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270/545問題
270. 問題
1 分QID1161:What are the statuses regarding the Advisory Committee of the SFC?
I. It has no executive powers.
II. It does not police the SFC.
III. It is chaired by the financial secretary.
IV. Its members are appointed by the chief executive of the HKSAR.正確
The Advisory Committee is responsible for advising the SFC on policy matters concerning its regulatory objectives and functions. It has no executive powers and does not police the SFC in any way. It is chaired by the SFC Chairman, and comprises the CEO and not more than two other executive directors appointed by the Chairman, and between 8 and 12 other members appointed by the Chief Executive of the Hong Kong Special Administrative Region (“Hong Kong SAR”) in consultation with the Chairman of the SFC.
錯誤
The Advisory Committee is responsible for advising the SFC on policy matters concerning its regulatory objectives and functions. It has no executive powers and does not police the SFC in any way. It is chaired by the SFC Chairman, and comprises the CEO and not more than two other executive directors appointed by the Chairman, and between 8 and 12 other members appointed by the Chief Executive of the Hong Kong Special Administrative Region (“Hong Kong SAR”) in consultation with the Chairman of the SFC.
提示
Reference Chapter:1.4.10
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271/545問題
271. 問題
1 分QID1162:The Advisory Committee is responsible for which of the following matters?
正確
The Advisory Committee is responsible for advising the SFC on policy matters concerning its regulatory objectives and functions. It has no executive powers and does not police the SFC in any way.
錯誤
The Advisory Committee is responsible for advising the SFC on policy matters concerning its regulatory objectives and functions. It has no executive powers and does not police the SFC in any way.
提示
Reference Chapter:1.4.10
-
272/545問題
272. 問題
1 分QID64:Which of the following committee, tribunal or panel is not independent of the Securities and Futures Commission?
正確
The SFC has established various regulatory committees to which it has delegated some of its functions, e.g.:
(b) Takeovers Appeal Committee – hears appeals against the disciplinary rulings of the Takeovers and Mergers Panel at the request of an aggrieved party for the sole purpose of determining whether any sanction imposed by the Panel is unfair or excessive.錯誤
The SFC has established various regulatory committees to which it has delegated some of its functions, e.g.:
(b) Takeovers Appeal Committee – hears appeals against the disciplinary rulings of the Takeovers and Mergers Panel at the request of an aggrieved party for the sole purpose of determining whether any sanction imposed by the Panel is unfair or excessive.提示
Reference Chapter:1.4.11
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273/545問題
273. 問題
1 分QID1164:Which regulatory committee’s function is described in the following statement:
“Responsible for the Codes on Takeovers and Mergers and Share Buy-backs. Much of the administration of this code is in practice exercised by the SFC staff, acting as the Takeovers Executive.”正確
Takeovers and Mergers Panel – is responsible for The Codes on Takeovers and Mergers and Share Buy-backs. Much of the administration of this code is in practice exercised by the SFC staff, acting as the Takeovers Executive.
錯誤
Takeovers and Mergers Panel – is responsible for The Codes on Takeovers and Mergers and Share Buy-backs. Much of the administration of this code is in practice exercised by the SFC staff, acting as the Takeovers Executive.
提示
Reference Chapter:1.4.11
-
274/545問題
274. 問題
1 分QID65:Which of the following is not a function of the Academic and
Accreditation Advisory Committee of the SFC?正確
Academic and Accreditation Advisory Committee – approves industry-based courses and examinations for meeting the licensing competence requirements, and recognises providers of training for the purposes of the continuous professional training
requirements.錯誤
Academic and Accreditation Advisory Committee – approves industry-based courses and examinations for meeting the licensing competence requirements, and recognises providers of training for the purposes of the continuous professional training
requirements.提示
Reference Chapter:1.4.11
-
275/545問題
275. 問題
1 分QID66:Which of the following committee, tribunal or panel is a part of the SFC?
正確
The SFC has established various regulatory committees to which it has delegated some of its functions, e.g.:
(b) Takeovers Appeal Committee – hears appeals against the disciplinary rulings of the Takeovers and Mergers Panel at the request of an aggrieved party for the sole purpose of determining whether any sanction imposed by the Panel is unfair or excessive.錯誤
The SFC has established various regulatory committees to which it has delegated some of its functions, e.g.:
(b) Takeovers Appeal Committee – hears appeals against the disciplinary rulings of the Takeovers and Mergers Panel at the request of an aggrieved party for the sole purpose of determining whether any sanction imposed by the Panel is unfair or excessive.提示
Reference Chapter:1.4.11
-
276/545問題
276. 問題
1 分QID803:Which of the following regulatory committees is in charge of hearing “appeals against the disciplinary rulings of the Takeovers and Mergers Panel at the request of an aggrieved party for the sole purpose of determining whether any sanction imposed by the Panel is unfair or excessive”?
正確
Takeovers Appeal Committee – hears appeals against the disciplinary rulings of the Takeovers and Mergers Panel at the request of an aggrieved party for the sole purpose of determining whether any sanction imposed by the Panel is unfair or excessive.
錯誤
Takeovers Appeal Committee – hears appeals against the disciplinary rulings of the Takeovers and Mergers Panel at the request of an aggrieved party for the sole purpose of determining whether any sanction imposed by the Panel is unfair or excessive.
提示
Reference Chapter:1.4.11
-
277/545問題
277. 問題
1 分QID67:Which of the following committee is not independent of the Securities and Futures Commission?
正確
The SFC has established various regulatory committees to which it has delegated some of its functions, e.g.:
(e) Academic and Accreditation Advisory Committee – approves industry-based courses and examinations for meeting the licensing competence requirements, and recognises providers of training for the purposes of the continuous professional training requirements.錯誤
The SFC has established various regulatory committees to which it has delegated some of its functions, e.g.:
(e) Academic and Accreditation Advisory Committee – approves industry-based courses and examinations for meeting the licensing competence requirements, and recognises providers of training for the purposes of the continuous professional training requirements.提示
Reference Chapter:1.4.11
-
278/545問題
278. 問題
1 分QID74:Which department/division/panel/tribunal is responsible for the administration of Codes on Takeovers and Mergers and Share Buy- backs?
正確
Corporate Finance Division:
(a) administers The Codes on Takeovers and Mergers and Share Buy-backs and regulates takeovers, mergers and share buy-backs of applicable companies.錯誤
Corporate Finance Division:
(a) administers The Codes on Takeovers and Mergers and Share Buy-backs and regulates takeovers, mergers and share buy-backs of applicable companies.提示
Reference Chapter:1.4.11
-
279/545問題
279. 問題
1 分QID68:Which of the following is not a Committee, tribunal and panel under the SFC?
正確
This committee doesn’t exist.
錯誤
This committee doesn’t exist.
提示
Reference Chapter:1.4.11
-
280/545問題
280. 問題
1 分QID1168:Which of the following regulatory committees is in charge of giving advice on “matters relating to the SFC Handbook for Unit Trusts and Mutual Funds, Investment-Linked Assurance Schemes and Unlisted Structured Investment Products”?
正確
Products Advisory Committee – advises on matters relating to the SFC Handbook for Unit Trusts and Mutual Funds, Investment-Linked Assurance Schemes and Unlisted Structured Investment Products, the SFC Code on MPF Products and the Code on Pooled Retirement Funds, including overall market environment, industry practices and novel product features.
錯誤
Products Advisory Committee – advises on matters relating to the SFC Handbook for Unit Trusts and Mutual Funds, Investment-Linked Assurance Schemes and Unlisted Structured Investment Products, the SFC Code on MPF Products and the Code on Pooled Retirement Funds, including overall market environment, industry practices and novel product features.
提示
Reference Chapter:1.4.11
-
281/545問題
281. 問題
1 分QID1165:Which of the following regulatory committees is in charge of approving “industry-based courses and examinations for meeting the licensing competence requirements, and recognising providers of training for the purposes of the CPT requirements”?
正確
Academic and Accreditation Advisory Committee – approves industry-based courses and examinations for meeting the licensing competence requirements, and recognises providers of training for the purposes of the CPT requirements.
錯誤
Academic and Accreditation Advisory Committee – approves industry-based courses and examinations for meeting the licensing competence requirements, and recognises providers of training for the purposes of the CPT requirements.
提示
Reference Chapter:1.4.11
-
282/545問題
282. 問題
1 分QID1163:Which of the following regulatory committees is in charge of the “administering the Investor Compensation Fund and regulating its procedures in accordance with SFO”?
正確
Investor Compensation Fund Committee – administers the Investor Compensation Fund and regulates its procedures in accordance with Part XII of the SFO.
錯誤
Investor Compensation Fund Committee – administers the Investor Compensation Fund and regulates its procedures in accordance with Part XII of the SFO.
提示
Reference Chapter:1.4.11
-
283/545問題
283. 問題
1 分QID1166:Which of the following regulatory committees is in charge of hearing and determining “disciplinary matters relating to share registrars in the first instance”?
正確
Share Registrars’ Disciplinary Committee – hears and determines disciplinary matters relating to share registrars in the first instance.
錯誤
Share Registrars’ Disciplinary Committee – hears and determines disciplinary matters relating to share registrars in the first instance.
提示
Reference Chapter:1.4.11
-
284/545問題
284. 問題
1 分QID1167:Which regulatory committee is responsible for the Codes on Takeovers and Mergers and Share Buy-backs?
正確
Takeovers and Mergers Panel – is responsible for The Codes on Takeovers and Mergers and Share Buy-backs. Much of the administration of this code is in practice exercised by the SFC staff, acting as the Takeovers Executive.
錯誤
Takeovers and Mergers Panel – is responsible for The Codes on Takeovers and Mergers and Share Buy-backs. Much of the administration of this code is in practice exercised by the SFC staff, acting as the Takeovers Executive.
提示
Reference Chapter:1.4.11
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285/545問題
285. 問題
1 分QID1172:An independent statutory body with full-time members headed by a judge appointed by the Chief Executive of the Hong Kong SAR to hear appeals against the decisions made by the SFC relating to the licensing or registration of intermediaries and certain other matters” describes which of the following regulatory organizations?
正確
Securities and Futures Appeals Tribunal (“SFAT”) – established by the SFO as an independent statutory body. Chaired by a High Court judge, the SFAT comprises current and former judges appointed by the Chief Executive of the HKSAR and two other members drawn from a panel appointed by the Financial Secretary under delegated authority. The function of the SFAT is to hear appeals against the decisions made by the SFC relating to the licensing or registration of intermediaries and certain other matters.
錯誤
Securities and Futures Appeals Tribunal (“SFAT”) – established by the SFO as an independent statutory body. Chaired by a High Court judge, the SFAT comprises current and former judges appointed by the Chief Executive of the HKSAR and two other members drawn from a panel appointed by the Financial Secretary under delegated authority. The function of the SFAT is to hear appeals against the decisions made by the SFC relating to the licensing or registration of intermediaries and certain other matters.
提示
Reference Chapter:1.4.12
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286/545問題
286. 問題
1 分QID69:Which of the following tribunals and panels are independent of the Securities and Futures Commission (SFC)?
I. Takeovers and Mergers Panel
II. Takeover Appeals Committee
III. Securities and Futures Appeals Tribunal
IV. Market Misconduct Tribunal正確
The following tribunals and panels are independent of the SFC:
(a) Securities and Futures Appeals Tribunal (“SFAT”) – established by the SFO as an independent statutory body. Chaired by a High Court judge, the SFAT comprises current and former judges appointed by the Chief Executive of the HKSAR and two other members drawn from a panel appointed by the Financial Secretary under delegated authority. The function of the SFAT is to hear appeals against the decisions made by the SFC relating to the licensing or registration of intermediaries and certain other matters錯誤
The following tribunals and panels are independent of the SFC:
(a) Securities and Futures Appeals Tribunal (“SFAT”) – established by the SFO as an independent statutory body. Chaired by a High Court judge, the SFAT comprises current and former judges appointed by the Chief Executive of the HKSAR and two other members drawn from a panel appointed by the Financial Secretary under delegated authority. The function of the SFAT is to hear appeals against the decisions made by the SFC relating to the licensing or registration of intermediaries and certain other matters提示
Reference Chapter:1.4.12
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287/545問題
287. 問題
1 分QID1170:SFC’s Process Review Panel is:
正確
Process Review Panel – an independent body appointed by the Chief Executive of the Hong Kong SAR to review and monitor the operational processes of the SFC. It reports to the Financial Secretary and recommends improvements to the SFC.
錯誤
Process Review Panel – an independent body appointed by the Chief Executive of the Hong Kong SAR to review and monitor the operational processes of the SFC. It reports to the Financial Secretary and recommends improvements to the SFC.
提示
Reference Chapter:1.4.12
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288/545問題
288. 問題
1 分QID1169:Mr. Wan would like to be licensed as a stock broker but was rejected by the SFC. Where can he file an appeal?
正確
Securities and Futures Appeals Tribunal (“SFAT”) –established by the SFO as an independent statutory body. Chaired by a High Court judge, the SFAT comprises current and former judges appointed by the Chief Executive of the HKSAR and two other members drawn from a panel appointed by the Financial Secretary under delegated authority. The function of the SFAT is to hear appeals against the decisions made by the
SFC relating to the licensing or registration of intermediaries and certain other matters.錯誤
Securities and Futures Appeals Tribunal (“SFAT”) –established by the SFO as an independent statutory body. Chaired by a High Court judge, the SFAT comprises current and former judges appointed by the Chief Executive of the HKSAR and two other members drawn from a panel appointed by the Financial Secretary under delegated authority. The function of the SFAT is to hear appeals against the decisions made by the
SFC relating to the licensing or registration of intermediaries and certain other matters.提示
Reference Chapter:1.4.12
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289/545問題
289. 問題
1 分QID1171:Which of the following organizations is NOT independent of the SFC?
正確
The following tribunals and panels are independent of the SFC:
(a) Securities and Futures Appeals Tribunal (“SFAT”)
(b) Leveraged Foreign Exchange Trading Arbitration Panel
(c.) Process Review Panel錯誤
The following tribunals and panels are independent of the SFC:
(a) Securities and Futures Appeals Tribunal (“SFAT”)
(b) Leveraged Foreign Exchange Trading Arbitration Panel
(c.) Process Review Panel提示
Reference Chapter:1.4.12
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290/545問題
290. 問題
1 分QID70:Which of the following description about the Securities and Futures Appeals Tribunal is correct?
正確
The function of the SFAT is to hear appeals against the decisions made by the SFC relating to the licensing or registration of intermediaries and certain other matters.
錯誤
The function of the SFAT is to hear appeals against the decisions made by the SFC relating to the licensing or registration of intermediaries and certain other matters.
提示
Reference Chapter:1.4.12
-
291/545問題
291. 問題
1 分QID2760:Which of the following committees is independent of the SFC?
正確
The Leveraged Foreign Exchange Trading Arbitration Panel is independent of the SFC.
錯誤
The Leveraged Foreign Exchange Trading Arbitration Panel is independent of the SFC.
提示
Reference Chapter:1.4.12
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292/545問題
292. 問題
1 分QID71:In the regulatory framework of Hong Kong, is the power of SFC undisputed and uncontested?
正確
Process Review Panel – an independent body appointed by the Chief Executive of the HKSAR to review and monitor the operational processes of the SFC. It reports to the Financial Secretary and recommends improvements to the SFC.
錯誤
Process Review Panel – an independent body appointed by the Chief Executive of the HKSAR to review and monitor the operational processes of the SFC. It reports to the Financial Secretary and recommends improvements to the SFC.
提示
Reference Chapter:1.4.12
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293/545問題
293. 問題
1 分QID1173:What are the major duties of the Corporate Finance Division?
I. regulates takeovers and mergers of public companies and share repurchases.
II. administers securities and company legislation applicable to listed and unlisted companies.
III. supervises the listing-related activities of the SEHK.
IV. reviews and recommends changes to the listing rules.正確
Corporate Finance Division:
(a) administers The Codes on Takeovers and Mergers and Share Buy-backs to afford fair treatment of shareholders and to provide an orderly framework for takeovers and share buy-backs transactions in Hong Kong;
(b) supervises the listing-related activities of the SEHK;
(c.) reviews and recommends changes to the Rules Governing the Listing of Securities on the SEHK (“Listing Rules”);
(d) reviews and authorizes prospectuses and marketing materials for unlisted shares or debentures.錯誤
Corporate Finance Division:
(a) administers The Codes on Takeovers and Mergers and Share Buy-backs to afford fair treatment of shareholders and to provide an orderly framework for takeovers and share buy-backs transactions in Hong Kong;
(b) supervises the listing-related activities of the SEHK;
(c.) reviews and recommends changes to the Rules Governing the Listing of Securities on the SEHK (“Listing Rules”);
(d) reviews and authorizes prospectuses and marketing materials for unlisted shares or debentures.提示
Reference Chapter:1.4.13
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294/545問題
294. 問題
1 分QID73:Which of the following are functions of the Corporate Finance Division of the SFC?
I. Administer the Codes on Takeovers and Mergers and Share Buy-backs and regulates takeovers, mergers and share buy- backs of applicable companies
II. Provide advice on corporate restructuring to listed company in
Hong Kong
III. Supervise the listing-related activities of The Stock Exchange
of Hong Kong Limited (“SEHK”)
IV. Provide advice on takeover activities to minority shareholders正確
Corporate Finance Division:
(a) administers The Codes on Takeovers and Mergers and Share Buy-backs and regulates takeovers, mergers and share buy-backs of applicable companies;
(b) supervises the listing-related activities of The Stock Exchange of Hong Kong Limited (“SEHK”).錯誤
Corporate Finance Division:
(a) administers The Codes on Takeovers and Mergers and Share Buy-backs and regulates takeovers, mergers and share buy-backs of applicable companies;
(b) supervises the listing-related activities of The Stock Exchange of Hong Kong Limited (“SEHK”).提示
Reference Chapter:1.4.13
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295/545問題
295. 問題
1 分QID2846:Which department of the SFC is responsible for monitoring transactions in the stock market?
正確
The Enforcement Division is responsible for monitoring stock market transactions. The Supervision of Markets Division mainly monitors and regulates the exchange itself, not the transactions that take place in the market.
錯誤
The Enforcement Division is responsible for monitoring stock market transactions. The Supervision of Markets Division mainly monitors and regulates the exchange itself, not the transactions that take place in the market.
提示
Reference Chapter:1.4.13
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296/545問題
296. 問題
1 分QID2834:Which department of the SFC is responsible for monitoring listed companies’ announcements and identifying misconduct or non-compliance?
正確
The SFC’s Corporate Finance Division monitors listed companies’ announcements and identifies misconduct or non-compliance by listed companies.
錯誤
The SFC’s Corporate Finance Division monitors listed companies’ announcements and identifies misconduct or non-compliance by listed companies.
提示
Reference Chapter:1.4.13
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297/545問題
297. 問題
1 分QID1503:The SFC commonly face challenges when carrying out the regulatory mandate given to it by the SFO with regard to the Asset Management Business. What are the reasons?
I. The investors investing in investment Schemes are not in Hong Kong
II. Custodians and trustees in collective investment schemes are not in Hong Kong
III. The management of investment schemes is not located in Hong Kong
IV. The operation of the Investment Scheme is not in Hong Kong正確
As the persons involved in the management, operation and holding of the assets under management are often not located in Hong Kong, this poses certain issues for the SFC in carrying out the regulatory mandate given to it by the SFO.
錯誤
As the persons involved in the management, operation and holding of the assets under management are often not located in Hong Kong, this poses certain issues for the SFC in carrying out the regulatory mandate given to it by the SFO.
提示
Reference Chapter:1.4.14
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298/545問題
298. 問題
1 分QID1174:Which of the following is NOT a duty of the Enforcement Division?
正確
Enforcement Division:
(b) monitors the trading of Hong Kong’s stock and derivative markets and inquires into irregularities;
(d) inspects the books and records of listed companies if impropriety is suspected, which may involve directors, officers or substantial shareholders etc.;
(e) reports suspected market misconduct to the Financial Secretary.錯誤
Enforcement Division:
(b) monitors the trading of Hong Kong’s stock and derivative markets and inquires into irregularities;
(d) inspects the books and records of listed companies if impropriety is suspected, which may involve directors, officers or substantial shareholders etc.;
(e) reports suspected market misconduct to the Financial Secretary.提示
Reference Chapter:1.4.14
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299/545問題
299. 問題
1 分QID1504:Which department/division deals with the authorization of CISs including the granting of waivers from the CUTMF?
正確
The IP Division is of particular relevance to the asset management industry, as it regulates and approves investment products offered to the public and monitors disclosures and ongoing compliance of authorised investment products. It is also responsible for developing regulatory platforms to facilitate market growth and product innovation.
錯誤
The IP Division is of particular relevance to the asset management industry, as it regulates and approves investment products offered to the public and monitors disclosures and ongoing compliance of authorised investment products. It is also responsible for developing regulatory platforms to facilitate market growth and product innovation.
提示
Reference Chapter:1.4.15
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300/545問題
300. 問題
1 分QID75:Which department/division of the SFC deals with the authorization of CISs?
正確
Investment Products Division:
(b) regulates and approves investment products that are offered to the public and subject to the SFO.錯誤
Investment Products Division:
(b) regulates and approves investment products that are offered to the public and subject to the SFO.提示
Reference Chapter:1.4.15
-
301/545問題
301. 問題
1 分QID76:Which of the following division of the SFC authorizes CIS?
正確
Investment Products Division:
(b) regulates and approves investment products that are offered to the public and subject to the SFO.錯誤
Investment Products Division:
(b) regulates and approves investment products that are offered to the public and subject to the SFO.提示
Reference Chapter:1.4.15
-
302/545問題
302. 問題
1 分QID1175:Which of the following departments of the SFC regulates exchanges and clearing houses?
正確
Supervision of Markets Division:
(a) supervises the conduct, operation and internal systems of the exchanges and clearing houses.錯誤
Supervision of Markets Division:
(a) supervises the conduct, operation and internal systems of the exchanges and clearing houses.提示
Reference Chapter:1.4.16
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303/545問題
303. 問題
1 分QID1492:“While the SFC has firm principles of regulation on which it operates, it seeks to maintain an open dialogue with the industry to achieve an appropriate degree of flexibility within the boundaries of those principles.” is describing which principle of the SFC?
正確
The SFC seeks to work in partnership with the industry it regulates, encouraging a two-way dialogue that fosters a forum for an exchange of views and that encourages a strong regulator/regulate relationship.
錯誤
The SFC seeks to work in partnership with the industry it regulates, encouraging a two-way dialogue that fosters a forum for an exchange of views and that encourages a strong regulator/regulate relationship.
提示
Reference Chapter:1.4.16
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304/545問題
304. 問題
1 分QID1176:Which of the following are duties of the SFC’s Licensing Department:
I. Licenses corporations and individuals seeking to conduct business in Hong Kong in the regulated activities for which a licence is required under the SFO.
II. Issues codes and guidelines concerning the competence and suitability of corporations and individuals to remain licensed.
III. Deals with issues relating to the continuing suitability of licensed corporations and individuals to be licensed.
IV. Monitors licensees by means of annual returns.正確
Licensing Department:
(a) licenses corporations and individuals seeking to conduct RAs as defined under the SFO;
(b) issues codes and guidelines concerning the competence and suitability of corporations and individuals to remain licensed;
(c) monitors the on-going compliance of licensing requirements by licensees, substantial shareholders of listed corporations and directors of licensed corporations and substantial shareholders錯誤
Licensing Department:
(a) licenses corporations and individuals seeking to conduct RAs as defined under the SFO;
(b) issues codes and guidelines concerning the competence and suitability of corporations and individuals to remain licensed;
(c) monitors the on-going compliance of licensing requirements by licensees, substantial shareholders of listed corporations and directors of licensed corporations and substantial shareholders提示
Reference Chapter:1.4.18
-
305/545問題
305. 問題
1 分QID78:Which department/division of the SFC licenses asset management corporation and their staff and approves responsible officers?
正確
Licensing Department:
(a) licenses corporations and individuals seeking to conduct business in Hong Kong in the regulated activities for which a licence is required under the SFO.錯誤
Licensing Department:
(a) licenses corporations and individuals seeking to conduct business in Hong Kong in the regulated activities for which a licence is required under the SFO.提示
Reference Chapter:1.4.18
-
306/545問題
306. 問題
1 分QID77:The SFC and the various codes it has issued place importance on the responsibility of which of the following entities to set
appropriate standards of conduct?正確
Licensing Department:
(b) issues codes and guidelines concerning the competence and suitability of corporations and individuals to remain licensed.錯誤
Licensing Department:
(b) issues codes and guidelines concerning the competence and suitability of corporations and individuals to remain licensed.提示
Reference Chapter:1.4.18
-
307/545問題
307. 問題
1 分QID1177:SFC’s Intermediaries Supervision Department is responsible for:
正確
Intermediaries Supervision Department:
(a) supervises the business conduct of licensed corporations and individual licensees on an ongoing basis, by conducting on-site inspection and off-site monitoring.錯誤
Intermediaries Supervision Department:
(a) supervises the business conduct of licensed corporations and individual licensees on an ongoing basis, by conducting on-site inspection and off-site monitoring.提示
Reference Chapter:1.4.19
-
308/545問題
308. 問題
1 分QID79:Which department/division of the SFC supervises licensed corporations and individual licensees on an ongoing basis?
正確
Intermediaries Supervision Department:
(a) supervises the business conduct of licensed corporations and individual licensees on an ongoing basis, by conducting on-site inspection and off-site monitoring; and
(b) monitors the financial integrity of licensed corporations.錯誤
Intermediaries Supervision Department:
(a) supervises the business conduct of licensed corporations and individual licensees on an ongoing basis, by conducting on-site inspection and off-site monitoring; and
(b) monitors the financial integrity of licensed corporations.提示
Reference Chapter:1.4.19
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309/545問題
309. 問題
1 分QID61:Which of the following is a regulatory objective of the SFC?
正確
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(d) minimise crime and misconduct in the market.錯誤
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(d) minimise crime and misconduct in the market.提示
Reference Chapter:1.4.2
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310/545問題
310. 問題
1 分QID60:The regulator objectives of the SFC includes:
I. Consumer rights protection
II. Minimize crime and misconduct within the securities and futures industry.
III. Promote public’s understanding of the securities and futures industry.
IV. Provide advice on the enforcement of economic policies to the government正確
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(b) promote public’s understanding of the industry including its operation and functioning;
(d) minimise crime and misconduct in the market.錯誤
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(b) promote public’s understanding of the industry including its operation and functioning;
(d) minimise crime and misconduct in the market.提示
Reference Chapter:1.4.2
-
311/545問題
311. 問題
1 分QID171:The objectives of the SFO are to provide a regulatory framework with which of the following characteristics?
I. Promotes a fair, orderly and transparent market.
II. Is flexible enough to cope with new products and other innovations, and further advances in technological infrastructure.
III. Is administered by a regulator with sufficient powers and discretion whose operations are transparent and who is accountable to the stakeholders through a system of adequate checks and balance.
IV. Is a system that can satisfy PRC mainland legal standards, being compatible with PRC mainland laws and practices and meet local needs.正確
The objectives of the SFO are to provide a regulatory framework which:
(a) promotes a fair, orderly and transparent market;
(b) is flexible enough to cope with new products and other innovations, and further advances in technological infrastructure;
(c) is administered by a regulator with sufficient powers and discretion whose operations are transparent and who is accountable to the stakeholders through a system of adequate
checks and balances.錯誤
The objectives of the SFO are to provide a regulatory framework which:
(a) promotes a fair, orderly and transparent market;
(b) is flexible enough to cope with new products and other innovations, and further advances in technological infrastructure;
(c) is administered by a regulator with sufficient powers and discretion whose operations are transparent and who is accountable to the stakeholders through a system of adequate
checks and balances.提示
Reference Chapter:1.4.2
-
312/545問題
312. 問題
1 分QID779:Which of the following is NOT a regulatory objective of the SFC?
正確
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(a) maintain and promote the fairness, efficiency, competitiveness, transparency and orderliness of the market;
(b) promote public’s understanding of the industry including its operation and functioning;
© provide protection to the investing public;
(d) minimise crime and misconduct in the market;
€ reduce systemic risks in the industry; and
(f) assist the Financial Secretary in maintaining the financial stability of Hong Kong by taking appropriate steps in relation to the industry.
Providing protection for major shareholders is not one of these objectives.錯誤
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(a) maintain and promote the fairness, efficiency, competitiveness, transparency and orderliness of the market;
(b) promote public’s understanding of the industry including its operation and functioning;
© provide protection to the investing public;
(d) minimise crime and misconduct in the market;
€ reduce systemic risks in the industry; and
(f) assist the Financial Secretary in maintaining the financial stability of Hong Kong by taking appropriate steps in relation to the industry.
Providing protection for major shareholders is not one of these objectives.提示
Reference Chapter:1.4.2
-
313/545問題
313. 問題
1 分QID742:Which of the following is the objective of creating the SFO?
正確
The objectives of the SFO are to provide a regulatory framework which:
(a) promotes a fair, orderly and transparent market;
(b) is flexible enough to cope with new products and other innovations, and further advances in technological infrastructure;
(c) is administered by a regulator with sufficient powers and discretion whose operations are transparent and who is accountable to the stakeholders through a system of adequate
checks and balances; and
(d) is on a par with international standards and compatible with international practices, but tailored to meet local needs and circumstances.錯誤
The objectives of the SFO are to provide a regulatory framework which:
(a) promotes a fair, orderly and transparent market;
(b) is flexible enough to cope with new products and other innovations, and further advances in technological infrastructure;
(c) is administered by a regulator with sufficient powers and discretion whose operations are transparent and who is accountable to the stakeholders through a system of adequate
checks and balances; and
(d) is on a par with international standards and compatible with international practices, but tailored to meet local needs and circumstances.提示
Reference Chapter:1.4.2
-
314/545問題
314. 問題
1 分QID1153:Under section 4 of the SFO, the regulatory objectives of the SFC does NOT include:
正確
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(a) maintain and promote the fairness, efficiency, competitiveness, transparency and orderliness of the industry;
(b) promote understanding by the public of financial services including the operation and functioning of the industry;
(e.) reduce systemic risks in the industry.錯誤
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(a) maintain and promote the fairness, efficiency, competitiveness, transparency and orderliness of the industry;
(b) promote understanding by the public of financial services including the operation and functioning of the industry;
(e.) reduce systemic risks in the industry.提示
Reference Chapter:1.4.2
-
315/545問題
315. 問題
1 分QID1152:Which of the followings are the regulatory objectives of the SFC?
I. To promote understanding by the public of financial services including the operation and functioning of the securities and futures industry.
II. To provide protection to the investing public.
III. To minimise crime and misconduct in the industry.
IV. To reduce market systemic risks in the industry.正確
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(b) promote understanding by the public of financial services including the operation and functioning of the industry;
(c.) provide protection to the investing public;
(d) minimize crime and misconduct in the industry.錯誤
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(b) promote understanding by the public of financial services including the operation and functioning of the industry;
(c.) provide protection to the investing public;
(d) minimize crime and misconduct in the industry.提示
Reference Chapter:1.4.2
-
316/545問題
316. 問題
1 分QID1496: Which of the following is not a general principle that reflects the SFC’s approach to regulating asset management?
正確
The SFC’s operations are subject to both internal control processes and, externally, judicial review and the scrutiny of the Process Review Panel, a panel established by the Government. The decisions of the SFC are also subject to an appeal process.
As regards the SFC’s treatment of breaches, the SFC has indicated that it will adopt a pragmatic approach and take all relevant factors into account, for example, the size of the business or the use of any management and supervisory measures to compensate for the apparent failure to meet any specified requirement.
The SFC has adopted the following as a statement of its mission: “To strengthen and protect the integrity and soundness of the Hong Kong securities and futures markets for the benefit of investors and the industry”.錯誤
The SFC’s operations are subject to both internal control processes and, externally, judicial review and the scrutiny of the Process Review Panel, a panel established by the Government. The decisions of the SFC are also subject to an appeal process.
As regards the SFC’s treatment of breaches, the SFC has indicated that it will adopt a pragmatic approach and take all relevant factors into account, for example, the size of the business or the use of any management and supervisory measures to compensate for the apparent failure to meet any specified requirement.
The SFC has adopted the following as a statement of its mission: “To strengthen and protect the integrity and soundness of the Hong Kong securities and futures markets for the benefit of investors and the industry”.提示
Reference Chapter:1.4.2
-
317/545問題
317. 問題
1 分QID2724:Which of the following is not an objective of the Securities and Futures Ordinance?
正確
Objectives of the SFO:
I. Promoting fair, orderly and transparent markets
II. Build an advanced technological infrastructure that is flexible enough to accommodate new products and other new services
III. Regulators are highly transparent and accountable to stakeholders through a mechanism of checks and balancesPromoting cooperation among financial regulators around the world is not the goal of the SFO.
錯誤
Objectives of the SFO:
I. Promoting fair, orderly and transparent markets
II. Build an advanced technological infrastructure that is flexible enough to accommodate new products and other new services
III. Regulators are highly transparent and accountable to stakeholders through a mechanism of checks and balancesPromoting cooperation among financial regulators around the world is not the goal of the SFO.
提示
Reference Chapter:1.4.2
-
318/545問題
318. 問題
1 分QID908:Which of the following is one of the objectives of the SFO
正確
SFO treats all investors fairly and equally. Regulators should be transparent and its power should be in check.
錯誤
SFO treats all investors fairly and equally. Regulators should be transparent and its power should be in check.
提示
Reference Chapter:1.4.2
-
319/545問題
319. 問題
1 分QID1154:Which of the following is NOT a regulatory objective of the SFC?
正確
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(b) promote understanding by the public of financial services including the operation and functioning of the industry;
(c.) provide protection to the investing public;
(d) minimize crime and misconduct in the industry.錯誤
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(b) promote understanding by the public of financial services including the operation and functioning of the industry;
(c.) provide protection to the investing public;
(d) minimize crime and misconduct in the industry.提示
Reference Chapter:1.4.2
-
320/545問題
320. 問題
1 分QID1493:Which of the following are the principles guiding the SFC’s work?
I. Pragmatism
II. Protection of Directors and Senior Management
III. Fair and consistent application of the law and rules
IV. Efficiency of operation,正確
The SFC’s operations are subject to both internal control processes and, externally, judicial review and the scrutiny of the Process Review Panel, a panel established by the Government. The decisions of the SFC are also subject to an appeal process.
As regards the SFC’s treatment of breaches, the SFC has indicated that it will adopt a pragmatic approach and take all relevant factors into account, for example, the size of the business or the use of any management and supervisory measures to compensate for the apparent failure to meet any specified requirement.
The SFC has adopted the following as a statement of its mission: “To strengthen and protect the integrity and soundness of the Hong Kong securities and futures markets for the benefit of investors and the industry”.錯誤
The SFC’s operations are subject to both internal control processes and, externally, judicial review and the scrutiny of the Process Review Panel, a panel established by the Government. The decisions of the SFC are also subject to an appeal process.
As regards the SFC’s treatment of breaches, the SFC has indicated that it will adopt a pragmatic approach and take all relevant factors into account, for example, the size of the business or the use of any management and supervisory measures to compensate for the apparent failure to meet any specified requirement.
The SFC has adopted the following as a statement of its mission: “To strengthen and protect the integrity and soundness of the Hong Kong securities and futures markets for the benefit of investors and the industry”.提示
Reference Chapter:1.4.2
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321/545問題
321. 問題
1 分QID58:Which of the following is a regulatory objective of the SFC?
I. Provide protection to the investing public
II. Reduce non-systematic risk in the industry
III. Assist the Financial Secretary in maintaining the financial stability of Hong Kong by taking appropriate steps in relation to the industry.
IV. Assist the HKMA in maintaining the stability of currency in
Hong Kong正確
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(c) provide protection to the investing public;
(f) assist the Financial Secretary in maintaining the financial stability of Hong Kong by taking appropriate steps in relation to the industry.錯誤
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(c) provide protection to the investing public;
(f) assist the Financial Secretary in maintaining the financial stability of Hong Kong by taking appropriate steps in relation to the industry.提示
Reference Chapter:1.4.2
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322/545問題
322. 問題
1 分QID59:Under the SFO, which of the following are objectives of the SFO
I. Promote understanding by the public of financial services including the operation and functioning of the industry.
II. Ensure the regulatory standards are identical to international standards.
III. Check and approve new financial products.
IV. Minimize crime and misconduct within the industry.正確
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(b) promote public’s understanding of the industry including its operation and functioning;
(d) minimise crime and misconduct in the market錯誤
The objectives of the SFC in relation to the securities and futures industry, as stated in s. 4, SFO, are to:
(b) promote public’s understanding of the industry including its operation and functioning;
(d) minimise crime and misconduct in the market提示
Reference Chapter:1.4.2
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323/545問題
323. 問題
1 分QID2803:The objectives of the SFO are to provide a regulatory framework with which of the following characteristics?
I. Promotes a fair, orderly and transparent market.
II. Is flexible enough to cope with new products and other innovations, and further advances in technological infrastructure.
III. Is administered by a regulator with sufficient powers and discretion whose operations are transparent and directly under the government.
IV. Is a system that can satisfy PRC mainland legal standards, being compatible with PRC mainland laws and practices and meet local needs.正確
The objectives of the SFO are to provide a regulatory framework which:
(a) promotes a fair, orderly and transparent market;
(b) is flexible enough to cope with new products and other innovations, and further advances in technological infrastructure;
(c) is administered by a regulator with sufficient powers and discretion whose operations are transparent and who is accountable to the stakeholders through a system of adequate
checks and balances.錯誤
The objectives of the SFO are to provide a regulatory framework which:
(a) promotes a fair, orderly and transparent market;
(b) is flexible enough to cope with new products and other innovations, and further advances in technological infrastructure;
(c) is administered by a regulator with sufficient powers and discretion whose operations are transparent and who is accountable to the stakeholders through a system of adequate
checks and balances.提示
Reference Chapter:1.4.2
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324/545問題
324. 問題
1 分QID2816:Which of the following is not a function of the SFC?
正確
Enforcement of the Listing Rules is the job of the SEHK.
錯誤
Enforcement of the Listing Rules is the job of the SEHK.
提示
Reference Chapter:1.4.3
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325/545問題
325. 問題
1 分QID2721:The main functions of the SFC include:
I. Empowering self-regulatory bodies and professional bodies to form committees
II. Regulating and monitoring intermediaries who engage in regulated activities
III. Supervising and monitoring exchanges, clearing houses and exchange controllers
IV. Promoting investor education and encouraging investors to understand investment products and make informed decisions
正確
Authorizing self-regulatory bodies and professional bodies to set up committees is not the main function of the SFC.
錯誤
Authorizing self-regulatory bodies and professional bodies to set up committees is not the main function of the SFC.
提示
Reference Chapter:1.4.3
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326/545問題
326. 問題
1 分QID62:The major functions of the SFC include﹕
I. Supervise all of the activities conducted by Registered Institution
II. Promote, encourage and enforce the proper conduct, competence and integrity of persons carrying on regulated activities
III. Promote, encourage and enforce internal control and risk management systems by persons carrying on regulated activities, including registered institutions in the case of any regulated activities they conduct.
IV. Maintain market liquidity in the securities and futures markets.正確
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(c) promote, encourage and enforce the proper conduct, competence and integrity of persons carrying on regulated activities;
(g) promote, encourage and enforce internal control and risk management systems by persons carrying on regulated activities, including registered institutions in the case of any regulated activities they conduct.錯誤
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(c) promote, encourage and enforce the proper conduct, competence and integrity of persons carrying on regulated activities;
(g) promote, encourage and enforce internal control and risk management systems by persons carrying on regulated activities, including registered institutions in the case of any regulated activities they conduct.提示
Reference Chapter:1.4.3
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327/545問題
327. 問題
1 分QID63:Which of the following are functions and duties of the SFC?
I. Supervise the securities and futures markets in Hong Kong
II. Regulate the securities and futures industries
III. Provide professional assistance to the government
IV. Supervise all settlement banks in Hong Kong正確
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(b) supervise, monitor and regulate the activities of:
(i) recognised exchange, clearing houses, exchange controllers and investor compensation companies or persons carrying on regulated activities; and
(ii) registered institutions that are regulated or to be regulated by the SFC under any relevant provisions.錯誤
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(b) supervise, monitor and regulate the activities of:
(i) recognised exchange, clearing houses, exchange controllers and investor compensation companies or persons carrying on regulated activities; and
(ii) registered institutions that are regulated or to be regulated by the SFC under any relevant provisions.提示
Reference Chapter:1.4.3
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328/545問題
328. 問題
1 分QID1158:Who is responsible for the supervision of registered institutions?
正確
HKMA is the frontline regulator of registered institutions.
錯誤
HKMA is the frontline regulator of registered institutions.
提示
Reference Chapter:1.4.3
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329/545問題
329. 問題
1 分QID1157:Which of the following are powers that the SFC may delegate to others?
I. Promote, encourage and enforce the proper conduct, competence and integrity of persons carrying on regulated activities.
II. Maintain and promote confidence in the securities and futures industry.
III. Cooperate with and provide assistance to other regulators.
IV. Suppress illegal, dishonourable and improper practices in the securities and futures industry.正確
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(c) promote, encourage and enforce the proper conduct, competence and integrity of persons carrying on RAs;
(d) maintain and promote confidence in the securities and futures industry;
(e.) cooperate with and provide assistance to other regulators;
(h) suppress illegal, dishonourable and improper practices in the securities and futures industry.錯誤
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(c) promote, encourage and enforce the proper conduct, competence and integrity of persons carrying on RAs;
(d) maintain and promote confidence in the securities and futures industry;
(e.) cooperate with and provide assistance to other regulators;
(h) suppress illegal, dishonourable and improper practices in the securities and futures industry.提示
Reference Chapter:1.4.3
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330/545問題
330. 問題
1 分QID1155:Which of the following are the main functions of the SFC?
I. Responsible for front-line supervision.
II. Responsible for regulating the discipline of the exchanges.
III. Oversees other securities intermediaries.
IV. Monitor a variety of approved products.正確
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(b) supervise, monitor and regulate the activities of:
(i) recognized exchange, recognized clearing houses, recognized exchange controllers and recognized investor compensation companies or persons carrying on RAs; and
(ii) registered institutions that are regulated or to be regulated by the SFC under any relevant provisions.錯誤
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(b) supervise, monitor and regulate the activities of:
(i) recognized exchange, recognized clearing houses, recognized exchange controllers and recognized investor compensation companies or persons carrying on RAs; and
(ii) registered institutions that are regulated or to be regulated by the SFC under any relevant provisions.提示
Reference Chapter:1.4.3
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331/545問題
331. 問題
1 分QID1156:The SFC supervises which of the following institutions?
I. Registered Institutions.
II. Licensed corporation.
III. Recognized exchanges.
IV. Recognized clearing houses.正確
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(b) supervise, monitor and regulate the activities of:
(i) recognized exchange, recognized clearing houses, recognized exchange controllers and recognized investor compensation companies or persons carrying on RAs; and
(ii) registered institutions that are regulated or to be regulated by the SFC under any relevant provisions.
Registered institutions are regulated collaborate by the SFC and the HKMA.錯誤
The functions and powers of the SFC are wide and are set out in s. 5, SFO. The principal functions are to:
(b) supervise, monitor and regulate the activities of:
(i) recognized exchange, recognized clearing houses, recognized exchange controllers and recognized investor compensation companies or persons carrying on RAs; and
(ii) registered institutions that are regulated or to be regulated by the SFC under any relevant provisions.
Registered institutions are regulated collaborate by the SFC and the HKMA.提示
Reference Chapter:1.4.3
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332/545問題
332. 問題
1 分QID1159:Which of the following are general duties of the SFC as stated in the SFO?
I. Help maintain Hong Kong’s position as an international financial centre
II. Facilitate innovation in financial products
III. Avoid competition between intermediaries
IV. Act in a transparent manner正確
The SFC has general duties as stated in s. 6, SFO to:
(a) help maintain Hong Kong’s position as an international financial centre;
(b) facilitate innovation in financial products;
(d) act in a transparent manner.錯誤
The SFC has general duties as stated in s. 6, SFO to:
(a) help maintain Hong Kong’s position as an international financial centre;
(b) facilitate innovation in financial products;
(d) act in a transparent manner.提示
Reference Chapter:1.4.6
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333/545問題
333. 問題
1 分QID211:The powers granted to the SFC under Part X enable the SFC to intervene in the way a licensed corporation conducts its business. The powers include
I. Powers that protect the interests of investors of licensed
corporations and minority shareholders of listed corporations and also have the effect of protecting those of trade and other creditors
II. Powers to be used where it is in the interests of the investing public or the public interest
III. Powers to be used where the licensed corporation has contravened the specified provisions of the SFO
IV. Powers to be sued when the investors has conducted market misconduct behaviour正確
The powers granted to the SFC under Part X enable the SFC to intervene in the way a licensed corporation conducts its business. The powers are designed:
(a) to protect the interests of investors of licensed corporations and minority shareholders of listed corporations and also have the effect of protecting those of trade and other creditors;
(b) to be used where it is in the interests of the investing public or the public interest; and
© to be used where the licensed corporation has:
(ii) contravened the specified provisions of the SFO.錯誤
The powers granted to the SFC under Part X enable the SFC to intervene in the way a licensed corporation conducts its business. The powers are designed:
(a) to protect the interests of investors of licensed corporations and minority shareholders of listed corporations and also have the effect of protecting those of trade and other creditors;
(b) to be used where it is in the interests of the investing public or the public interest; and
© to be used where the licensed corporation has:
(ii) contravened the specified provisions of the SFO.提示
Reference Chapter:1.4.7
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334/545問題
334. 問題
1 分QID802:Which of the following are powers that the SFC may NOT delegate to others?
I. Making subsidiary legislations.
II. Establishing committees.
III. Suspending exchange companies.
IV. Intervene in the business operation of registered institutions.正確
In addition, the SFO provides that it may not delegate certain functions of the SFC to others. They are detailed in Schedule 2, Part 2, SFO. They include powers:
(a) to make subsidiary legislation;
(b) to establish committees under s. 8, SFO;
(c.) to suspend exchange companies;
(d) to appoint external investigators; and
(e.) to intervene in the business operations of licensed corporations.錯誤
In addition, the SFO provides that it may not delegate certain functions of the SFC to others. They are detailed in Schedule 2, Part 2, SFO. They include powers:
(a) to make subsidiary legislation;
(b) to establish committees under s. 8, SFO;
(c.) to suspend exchange companies;
(d) to appoint external investigators; and
(e.) to intervene in the business operations of licensed corporations.提示
Reference Chapter:1.4.7
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335/545問題
335. 問題
1 分QID18:Which of the following are the duties and power of the Financial Secretary?
I. Attend all SFC meetings and committees
II. Appoint the chairman of the SFC
III. The Financial Secretary can require the SFC to provide him with information on the principles, practices and policy it is applying in order to meet its objectives and perform its functions.
IV. The Executive Director of the SFC report to the Financial Secretary directly.正確
The Financial Secretary can require the SFC to provide him with information on the principles, practices and policy it is applying in order to meet its objectives and perform its functions.
錯誤
The Financial Secretary can require the SFC to provide him with information on the principles, practices and policy it is applying in order to meet its objectives and perform its functions.
提示
Reference Chapter:1.4.8
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336/545問題
336. 問題
1 分QID17:Which of the following entities can require the SFC to provide him with information on the principles, practices and policy it is applying in order to meet its objectives and perform its functions?
正確
The Financial Secretary can require the SFC to provide him with information on the principles, practices and policy it is applying in order to meet its objectives and perform its functions.
錯誤
The Financial Secretary can require the SFC to provide him with information on the principles, practices and policy it is applying in order to meet its objectives and perform its functions.
提示
Reference Chapter:1.4.8
-
337/545問題
337. 問題
1 分QID15:Which of the following statements regarding the Chief Executive of Hong Kong SAR are correct?
I. The Chief Executive of the Hong Kong SAR appoints the Chairman, Deputy Chairman of the SFC.
II. The Chief Executive of the Hong Kong SAR may give written instructions to the SFC on how to meet its objectives
III. The Chief Executive of HKSAR is also the chairman of the Exchange Fund and responsible for the operations of the Exchange Fund.
IV. The SFC should report all financial matters to the Chief Executive of the HKSAR正確
The Chief Executive of the HKSAR appoints the Chairman, Deputy Chairman (optional), the Chief Executive Officer (“CEO”) and directors (both executive and non-executive) of
the SFC. He may remove any member of the Commission and also determines their terms and conditions of office (Schedule 2, SFO). The Chief Executive of the HKSAR may give written directions to the SFC regarding how it should seek to meet its objectives and how it should perform its functions (s. 11, SFO).錯誤
The Chief Executive of the HKSAR appoints the Chairman, Deputy Chairman (optional), the Chief Executive Officer (“CEO”) and directors (both executive and non-executive) of
the SFC. He may remove any member of the Commission and also determines their terms and conditions of office (Schedule 2, SFO). The Chief Executive of the HKSAR may give written directions to the SFC regarding how it should seek to meet its objectives and how it should perform its functions (s. 11, SFO).提示
Reference Chapter:1.4.8
-
338/545問題
338. 問題
1 分QID13:Which of the entities is responsible for the appointment of the board of directors of the SFC?
正確
The Chief Executive of the HKSAR appoints the Chairman, Deputy Chairman (optional), the Chief Executive Officer (“CEO”) and directors (both executive and non-executive) of
the SFC. He may remove any member of the Commission and also determines their terms and conditions of office (Schedule 2, SFO).錯誤
The Chief Executive of the HKSAR appoints the Chairman, Deputy Chairman (optional), the Chief Executive Officer (“CEO”) and directors (both executive and non-executive) of
the SFC. He may remove any member of the Commission and also determines their terms and conditions of office (Schedule 2, SFO).提示
Reference Chapter:1.4.8
-
339/545問題
339. 問題
1 分QID1160:Which of the following are operating divisions of the SFC?
I. Corporate Finance Division
II. Enforcement Division
III. Investment Product Division
IV. Market and Intermediaries Division正確
Each of the 5 executive directors other than the CEO supervises an operating division. The divisions are Corporate Finance; Enforcement; Investment Products; Supervision of Markets
and Intermediaries.錯誤
Each of the 5 executive directors other than the CEO supervises an operating division. The divisions are Corporate Finance; Enforcement; Investment Products; Supervision of Markets
and Intermediaries.提示
Reference Chapter:1.4.9
-
340/545問題
340. 問題
1 分QID1179:Which of the following entities is responsible for maintaining the safety and stability of the banking system?
正確
The HKMA is required to maintain currency stability, ensure the safety and stability of the banking system.
錯誤
The HKMA is required to maintain currency stability, ensure the safety and stability of the banking system.
提示
Reference Chapter:1.5.1
-
341/545問題
341. 問題
1 分QID903:Which of the following are not common objectives of financial regulators in Hong Kong?
I. Promote intervention to enhance international and local market confidence.
II. Provide investment advice to retail investors
III. Encourage the installation of a sound technical infrastructure for the functioning of the financial markets
IV. Ensure that the legal framework of financial regulation is certain, adequate and fairly enforced正確
Frequent Intervention is not an objective of financial regulators in Hong Kong. Providing Investment advice is not a job that regulators will do, it’s the job of intermediaries.
錯誤
Frequent Intervention is not an objective of financial regulators in Hong Kong. Providing Investment advice is not a job that regulators will do, it’s the job of intermediaries.
提示
Reference Chapter:1.5.1
-
342/545問題
342. 問題
1 分QID1191:Insurance agents should register with which of the following organizations?
正確
Insurance Agents should apply for a licence with the Insurance Authority.
錯誤
Insurance Agents should apply for a licence with the Insurance Authority.
提示
Reference Chapter:1.5.10
-
343/545問題
343. 問題
1 分QID1190:The Insurance Authority is responsible for:
I. Authorizing and regulating Insurance Companies (Insurer).
II. Regulating Insurance Agents.
III. Regulating Insurance Brokers.
IV. Handling complaints of insurance products.正確
The Insurance Authority is responsible for:
I. Authorizing and regulating Insurance Companies (Insurer).
II. Regulating Insurance Agents.
III. Regulating Insurance Brokers.
IV. Handling complaints of insurance products.錯誤
The Insurance Authority is responsible for:
I. Authorizing and regulating Insurance Companies (Insurer).
II. Regulating Insurance Agents.
III. Regulating Insurance Brokers.
IV. Handling complaints of insurance products.提示
Reference Chapter:1.5.10
-
344/545問題
344. 問題
1 分QID1193:The Insurance Authority is responsible for prudential supervision of the insurance industry, it seeks to
I. ensure the financial stability of the industry
II. promote a high level efficiency in the administration of the industry
III. encourage the professionalism of the fund managers participating in insurance-related business, the insurance agents and brokers
IV. achieve the best balance between its overall supervision and the maximum effective self-regulation of the industry through
self-regulatory organizations正確
The Insurance Authority has the following major duties and powers:
(a) the authorization and regulation of insurers;
(b) the regulation of insurance agents, who must be appointed by an insurer and registered with the Insurance Agents Registration Board, established by The Hong Kong Federation of Insurers. The agents are not directly authorised or supervised by the Insurance Authority. Supervision is by the appointing insurers, who are required to comply with the Code of Practice for the Administration of Insurance Agents issued by The Hong Kong Federation of Insurers and approved by the Insurance Authority;
(c) the regulation of insurance brokers, who may obtain authorization from the Insurance Authority or from one of two bodies approved by the Insurance Authority, the Hong Kong
Confederation of Insurance Brokers and the Professional Insurance Brokers Association. These bodies are charged with the responsibility of ensuring that their members comply with the statutory requirements and that the interests of policy holders are properly protected; they also handle complaints; and
(d) the promotion of self-regulation by the industry and the maintenance of close contact with the industry through a consultative process.錯誤
The Insurance Authority has the following major duties and powers:
(a) the authorization and regulation of insurers;
(b) the regulation of insurance agents, who must be appointed by an insurer and registered with the Insurance Agents Registration Board, established by The Hong Kong Federation of Insurers. The agents are not directly authorised or supervised by the Insurance Authority. Supervision is by the appointing insurers, who are required to comply with the Code of Practice for the Administration of Insurance Agents issued by The Hong Kong Federation of Insurers and approved by the Insurance Authority;
(c) the regulation of insurance brokers, who may obtain authorization from the Insurance Authority or from one of two bodies approved by the Insurance Authority, the Hong Kong
Confederation of Insurance Brokers and the Professional Insurance Brokers Association. These bodies are charged with the responsibility of ensuring that their members comply with the statutory requirements and that the interests of policy holders are properly protected; they also handle complaints; and
(d) the promotion of self-regulation by the industry and the maintenance of close contact with the industry through a consultative process.提示
Reference Chapter:1.5.10
-
345/545問題
345. 問題
1 分QID36:Insurance Brokers should register with which of the following institutions?
正確
Insurance Brokers should apply for a licence with the Insurance Authority.
錯誤
Insurance Brokers should apply for a licence with the Insurance Authority.
提示
Reference Chapter:1.5.10
-
346/545問題
346. 問題
1 分QID38:Which of the following entities should Insurance Agent register with?
正確
Insurance Agents should apply for a licence with the Insurance Authority.
錯誤
Insurance Agents should apply for a licence with the Insurance Authority.
提示
Reference Chapter:1.5.10
-
347/545問題
347. 問題
1 分QID1192:Insurance brokers should register with which of the following organizations?
正確
Insurance Brokers should apply for a licence with the Insurance Authority.
錯誤
Insurance Brokers should apply for a licence with the Insurance Authority.
提示
Reference Chapter:1.5.10
-
348/545問題
348. 問題
1 分QID1497:Which of the following is not a general principles followed by the
MPFA?正確
It is not an obligation on the MPFA’s part to ensure that the schemes are operated to maximise the capital or income growth specified in the objectives of the schemes, or to advise on, or ensure, the employers’ and scheme members’ choice of the best schemes/funds to achieve their objectives.
錯誤
It is not an obligation on the MPFA’s part to ensure that the schemes are operated to maximise the capital or income growth specified in the objectives of the schemes, or to advise on, or ensure, the employers’ and scheme members’ choice of the best schemes/funds to achieve their objectives.
提示
Reference Chapter:1.5.11
-
349/545問題
349. 問題
1 分QID1505:Which of the following duties are performed by the Mandatory Provident Fund Authority (MPFA)?
I. Registering MPF Schemes
II. Approving Pooled Investment Funds.
III. Overseeing and making rules and guidelines for the administration and management of registered schemes and pooled investment funds
IV. Ongoing monitoring of compliance by MPF products with the Mandatory Provident Fund Schemes Ordinance (“MPFSO”)正確
The functions of the MPFA include:
– registering MPF schemes
– the registration procedures of MPF schemes and approval processes of constituent funds and approved pooled investment
funds;
– ongoing monitoring of compliance of MPF products with the MPFSO錯誤
The functions of the MPFA include:
– registering MPF schemes
– the registration procedures of MPF schemes and approval processes of constituent funds and approved pooled investment
funds;
– ongoing monitoring of compliance of MPF products with the MPFSO提示
Reference Chapter:1.5.11
-
350/545問題
350. 問題
1 分QID46:Which of the following activities is Mandatory Provident Fund Schemes Authority (“MPFA”) responsible for ?
正確
The MPFA has responsibility for: (f) approving trustees and regulating the affairs and activities of such approved trustees.
錯誤
The MPFA has responsibility for: (f) approving trustees and regulating the affairs and activities of such approved trustees.
提示
Reference Chapter:1.5.11
-
351/545問題
351. 問題
1 分QID48:Which of the following activities is Mandatory Provident Fund Schemes Authority (“MPFA”) responsible for ?
正確
The MPFA has responsibility for: (f) approving MPF trustees and regulating the affairs and activities of such approved trustees.
錯誤
The MPFA has responsibility for: (f) approving MPF trustees and regulating the affairs and activities of such approved trustees.
提示
Reference Chapter:1.5.11
-
352/545問題
352. 問題
1 分QID47:Which of the following are duties and functions of the Mandatory
Provident Fund Schemes Authority (MPFA) in MPF Schemes?
I. Registering MPF schemes
II. Approving Pooled Investment Schemes
III. Approving trustees and regulating the affairs and activities of such approved trustees
IV. Dealing with complaints about MPF products and approved trustees, and referring them to the SFC and other regulators for action where necessary正確
The MPFA has responsibility for: (a) registering mandatory provident fund (“MPF”) schemes; (b) approving pooled investment funds; (f) approving trustees and regulating the affairs and activities of such approved trustees; (g) dealing with complaints about MPF products and approved trustees, and referring them to the SFC and other regulators for action where necessary.
錯誤
The MPFA has responsibility for: (a) registering mandatory provident fund (“MPF”) schemes; (b) approving pooled investment funds; (f) approving trustees and regulating the affairs and activities of such approved trustees; (g) dealing with complaints about MPF products and approved trustees, and referring them to the SFC and other regulators for action where necessary.
提示
Reference Chapter:1.5.11
-
353/545問題
353. 問題
1 分QID1495:The Mandatory Provident Fund Schemes Authority (MPFA) does NOT have which ONE of the following objectives?
正確
It is not an obligation on the MPFA’s part to ensure that the schemes are operated to maximise the capital or income growth specified in the objectives of the schemes.
錯誤
It is not an obligation on the MPFA’s part to ensure that the schemes are operated to maximise the capital or income growth specified in the objectives of the schemes.
提示
Reference Chapter:1.5.11
-
354/545問題
354. 問題
1 分QID45:Which of the following are primary functions of the MPFA?
I. Approving fund managers of the investment products of MPF Schemes
II. Regulating supervise and monitoring MPF Schemes
III. Monitoring compliance with the MPFSO
IV. Authorizing the offer documents and marketing materials of the investment products of the MPF prior to their issue or publication正確
The MPFA has responsibility for: (d) ongoing monitoring of compliance by MPF products with the Mandatory Provident
Fund Schemes Ordinance (“MPFSO”); (e) investigating alleged breaches of the provisions of the MPFSO;錯誤
The MPFA has responsibility for: (d) ongoing monitoring of compliance by MPF products with the Mandatory Provident
Fund Schemes Ordinance (“MPFSO”); (e) investigating alleged breaches of the provisions of the MPFSO;提示
Reference Chapter:1.5.11
-
355/545問題
355. 問題
1 分QID2774:Which organisation authorises the advertisement of MPF scheme products?
正確
Advertisements for MPF scheme products are authorised by the SFC.
錯誤
Advertisements for MPF scheme products are authorised by the SFC.
提示
Reference Chapter:1.5.11
-
356/545問題
356. 問題
1 分QID1194:The major linkages between the spheres of activity of the Insurance Authority and the SFC are:
I. The authorization of general insurance schemes.
II. The authorization of independent retirement funds.
III. The authorization of investment-linked assurance schemes.
IV. The authorization of pooled retirement funds.正確
There are two classes of funds authorised by the SFC which do
have certain linkage with the Insurance Authority: investment-linked assurance schemes and pooled retirement funds, both of which are marketed by the insurance industry. Authorization of these has been delegated by the SFC to the Committee on Investment-Linked Assurance Schemes and Pooled Retirement Funds. The Insurance Authority is represented on this committee, as insurance companies wishing to promote these schemes will need to be authorised under the Insurance Companies Ordinance.錯誤
There are two classes of funds authorised by the SFC which do
have certain linkage with the Insurance Authority: investment-linked assurance schemes and pooled retirement funds, both of which are marketed by the insurance industry. Authorization of these has been delegated by the SFC to the Committee on Investment-Linked Assurance Schemes and Pooled Retirement Funds. The Insurance Authority is represented on this committee, as insurance companies wishing to promote these schemes will need to be authorised under the Insurance Companies Ordinance.提示
Reference Chapter:1.5.12
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357/545問題
357. 問題
1 分QID1211:Which of the following descriptions about Committee on Investment-Linked Assurance Schemes and Pooled Retirement Funds are true?
I. The IA is represented on this committee
II. The committee authorizes Investment-Linked Assurance
Schemes and Pooled Retirement FundsIII. The SFC delegates the authorization of Investment-Linked Assurance Schemes and Pooled Retirement Funds to the committee
IV. Insurance companies wishing to promote these schemes will need to be authorised by the SFC.
正確
There are two classes of funds authorised by the SFC which do
have certain linkage with the Insurance Authority: investment-linked assurance schemes and pooled retirement funds, both of which are marketed by the insurance industry. Authorization of these has been delegated by the SFC to the Committee on Investment-Linked Assurance Schemes and Pooled Retirement Funds. The Insurance Authority is represented on this committee, as insurance companies wishing to promote these schemes will need to be authorised under the Insurance Companies Ordinance.錯誤
There are two classes of funds authorised by the SFC which do
have certain linkage with the Insurance Authority: investment-linked assurance schemes and pooled retirement funds, both of which are marketed by the insurance industry. Authorization of these has been delegated by the SFC to the Committee on Investment-Linked Assurance Schemes and Pooled Retirement Funds. The Insurance Authority is represented on this committee, as insurance companies wishing to promote these schemes will need to be authorised under the Insurance Companies Ordinance.提示
Reference Chapter:1.5.12
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358/545問題
358. 問題
1 分QID1196:The Mandatory Provident Fund Schemes Authority is responsible for:
I. registering provident fund schemes.
II. approving unit trust funds.
III. overseeing and making rules and guidelines for the administration and management of registered schemes and pooled investment funds.
IV. ongoing monitoring of MPF products’ compliance with the Mandatory Provident Fund Schemes Ordinance.正確
The MPFA has responsibility for:
(a) registering MPF schemes;
(c.) overseeing and making rules and guidelines for the administration and management of registered schemes and pooled investment funds;
(d) ongoing monitoring of compliance by MPF products with the Mandatory Provident Fund Schemes Ordinance (“MPFSO”).錯誤
The MPFA has responsibility for:
(a) registering MPF schemes;
(c.) overseeing and making rules and guidelines for the administration and management of registered schemes and pooled investment funds;
(d) ongoing monitoring of compliance by MPF products with the Mandatory Provident Fund Schemes Ordinance (“MPFSO”).提示
Reference Chapter:1.5.13
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359/545問題
359. 問題
1 分QID1198:The Mandatory Provident Fund Schemes Authority (MPFA) is responsible for which of the following matters relating to Mandatory Provident Fund (MPF) products?
I. Authorisation of the offering documents for the products.
II. Licensing of investment managers of MPF products.
III. Overall administration of MPF schemes.
IV. Registration of employer-sponsored MPF schemes.正確
The MPFA has responsibility for:
(a) registering MPF schemes;
(d) ongoing monitoring of compliance by MPF products with the Mandatory Provident Fund Schemes Ordinance (“MPFSO”);
(e) investigating alleged breaches of the provisions of the MPFSO;
(g) dealing with complaints about MPF products and approved trustees, and referring them to the SFC and other regulators for action where necessary.錯誤
The MPFA has responsibility for:
(a) registering MPF schemes;
(d) ongoing monitoring of compliance by MPF products with the Mandatory Provident Fund Schemes Ordinance (“MPFSO”);
(e) investigating alleged breaches of the provisions of the MPFSO;
(g) dealing with complaints about MPF products and approved trustees, and referring them to the SFC and other regulators for action where necessary.提示
Reference Chapter:1.5.13
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360/545問題
360. 問題
1 分QID44:The Mandatory Provident Fund Authority (MPFA) was established under the
正確
The MPFA is the primary regulator for the MPF system under the MPFSO, and is responsible for the overall management and administration of the MPF system, including the registration and regulation of the various schemes established under the ordinance.
錯誤
The MPFA is the primary regulator for the MPF system under the MPFSO, and is responsible for the overall management and administration of the MPF system, including the registration and regulation of the various schemes established under the ordinance.
提示
Reference Chapter:1.5.13
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361/545問題
361. 問題
1 分QID1543:Which of the following are specialized funds available in Hong Kong and can be approved by the SFC?
I. Equity funds
II. Umbrella funds
III. Money market funds
IV. Hedge funds正確
The CUTMF lists a number of so-called specialised schemes in Chapter 8, CUTMF, which are added to whenever a market need is identified. Such specialised schemes include the following, which are reviewed below:
(a) hedge funds;
(c.) money market/cash management funds錯誤
The CUTMF lists a number of so-called specialised schemes in Chapter 8, CUTMF, which are added to whenever a market need is identified. Such specialised schemes include the following, which are reviewed below:
(a) hedge funds;
(c.) money market/cash management funds提示
Reference Chapter:1.5.13
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362/545問題
362. 問題
1 分QID1544:Which of the following is not a specialized fund available in Hong Kong and can be approved by the SFC?
正確
The CUTMF lists a number of so-called specialised schemes in Chapter 8, CUTMF, which are added to whenever a market need is identified. Such specialised schemes include the following, which are reviewed below:
(a) hedge funds;
(c.) money market/cash management funds錯誤
The CUTMF lists a number of so-called specialised schemes in Chapter 8, CUTMF, which are added to whenever a market need is identified. Such specialised schemes include the following, which are reviewed below:
(a) hedge funds;
(c.) money market/cash management funds提示
Reference Chapter:1.5.13
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363/545問題
363. 問題
1 分QID1199:Mr. Ko is an investment manager; he wishes to manage a fund under the Kaohsiung Bank Group’s MPF schemes. He needs to be licensed by which of the following?
正確
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC:
(b) registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products.錯誤
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC:
(b) registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products.提示
Reference Chapter:1.5.14
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364/545問題
364. 問題
1 分QID1573:MPF Intermediaries are regulated by?
正確
The SFC, HKMA, MPFA and IA all regulate and supervise intermediaries operating within their respective jurisdictions, and there is considerable overlap in the regulatory regime for intermediaries engaged in the asset management industry.
錯誤
The SFC, HKMA, MPFA and IA all regulate and supervise intermediaries operating within their respective jurisdictions, and there is considerable overlap in the regulatory regime for intermediaries engaged in the asset management industry.
提示
Reference Chapter:1.5.14
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365/545問題
365. 問題
1 分QID1201:Which of the following responsibilities between the SFC and the MPF schemes are interlinked?
I. Vetting and authorising MPF products and related marketing materials.
II. Registering and approving investment managers.
III. Investigating alleged breaches of the provisions of the SFC Code on MPF Products and any relevant ordinances, and taking enforcement action.
IV. Regulate the sales process of sales representatives selling MPF schemes.正確
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC:
(a) vetting and authorizing MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO);
(b) registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products;
(d) investigating alleged breaches of the provisions of the SFC Code on MPF Products and any relevant ordinances, and taking enforcement action.錯誤
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC:
(a) vetting and authorizing MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO);
(b) registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products;
(d) investigating alleged breaches of the provisions of the SFC Code on MPF Products and any relevant ordinances, and taking enforcement action.提示
Reference Chapter:1.5.14
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366/545問題
366. 問題
1 分QID1200:Which of the following are SFC’s duties towards the MPF Schemes?
I. Vetting and authorising MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO).
II. Registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products.
III. Investigating alleged breaches of the provisions of the SFC Code on MPF Products and any relevant ordinances, and taking enforcement action.
IV. Supervising the selling process of the sales representatives selling MPF schemes.正確
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC:
(a) vetting and authorizing MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO);
(b) registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products;
(d) investigating alleged breaches of the provisions of the SFC Code on MPF Products and any relevant ordinances, and taking enforcement action.錯誤
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC:
(a) vetting and authorizing MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO);
(b) registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products;
(d) investigating alleged breaches of the provisions of the SFC Code on MPF Products and any relevant ordinances, and taking enforcement action.提示
Reference Chapter:1.5.14
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367/545問題
367. 問題
1 分QID1195:Which of the following institutions is responsible for authorizing Investment-Linked Assurance Schemes and Pooled Retirement Funds?
正確
Authorization of Insurance Authority: investment-linked assurance schemes and pooled retirement funds has been delegated by the SFC to the Committee on Investment-Linked Assurance Schemes and Pooled Retirement Funds.
錯誤
Authorization of Insurance Authority: investment-linked assurance schemes and pooled retirement funds has been delegated by the SFC to the Committee on Investment-Linked Assurance Schemes and Pooled Retirement Funds.
提示
Reference Chapter:1.5.14
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368/545問題
368. 問題
1 分QID49:Which of the following statements is incorrect?
正確
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC, which are: (a) vetting and authorising MPF products and related marketing materials in accordance
with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO). This means the IA doesn’t regulate MPF products at all.錯誤
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC, which are: (a) vetting and authorising MPF products and related marketing materials in accordance
with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO). This means the IA doesn’t regulate MPF products at all.提示
Reference Chapter:1.5.14
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369/545問題
369. 問題
1 分QID50:Which of the following spheres of the MPF schemes has linkage with the SFC?
I. The SFC vets and authorizes investment products of MPF Schemes.
II. The SFC vets and authorizes marketing materials of investment products of MPF Schemes.
III. The SFC authorizes Pooled Investment Funds.
IV. The SFC approves trustees of MPF Schemes and regulates the affairs and activities of such approved trustees正確
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC, which are:
(a) vetting and authorising MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO).錯誤
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC, which are:
(a) vetting and authorising MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO).提示
Reference Chapter:1.5.14
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370/545問題
370. 問題
1 分QID51:Which of the following matters is the Securities and Futures Commission (SFC) responsible for relating to Mandatory Provident Fund (MPF) products?
I. Authorisation of the offering documents for the investment products of MPF Schemes.
II. Licensing of investment managers of investment products of MPF Schemes.
III. Regulate, supervise and monitor MPF Schemes
IV. Registration of employer sponsored MPF schemes for employers.正確
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC, which are:
(a) vetting and authorising MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO);
(b) registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products錯誤
Certain responsibilities of the MPFA interlink with the particular responsibilities of the SFC, which are:
(a) vetting and authorising MPF products and related marketing materials in accordance with the provisions of the SFC Code on MPF Products and the relevant ordinances (including the SFO);
(b) registering and approving investment managers and continued monitoring of their conduct in the investment management of MPF products提示
Reference Chapter:1.5.14
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371/545問題
371. 問題
1 分QID52:Which of the following institution is responsible for investigation into breaches of the SFC Code on MPF Products?
正確
SFC is reposible for investigating alleged breaches of the provisions of the SFC Code on MPF Products and any relevant ordinances, and taking enforcement action
錯誤
SFC is reposible for investigating alleged breaches of the provisions of the SFC Code on MPF Products and any relevant ordinances, and taking enforcement action
提示
Reference Chapter:1.5.14
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372/545問題
372. 問題
1 分QID1182:The British Construction bank is a licensed bank under the HKMA and plans to provide securities trading services for its clients, it should:
正確
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
錯誤
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
提示
Reference Chapter:1.5.3
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373/545問題
373. 問題
1 分QID21:Which of the following entities is responsible for maintaining the currency stability and the stability of the banking system in Hong Kong?
正確
The HKMA is required to maintain currency stability, ensure the safety and stability of the banking system, and promote the efficiency, integrity and development of the financial system.
錯誤
The HKMA is required to maintain currency stability, ensure the safety and stability of the banking system, and promote the efficiency, integrity and development of the financial system.
提示
Reference Chapter:1.5.3
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374/545問題
374. 問題
1 分QID23:British Construction Bank is an AFI regulated by the HKMA. If it plans to conduct Type 9 Regulated Activity (Asset Management) in the near future, how should it proceed?
正確
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity.
錯誤
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity.
提示
Reference Chapter:1.5.3
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375/545問題
375. 問題
1 分QID26:British Construction Bank is an authorised financial institution. Amid the downfall of the Hong Kong banking sector, it would like to sell fund products of other companies to clients to generate revenue. Where should British Construction Bank apply for a license?
正確
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity. As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out
on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.錯誤
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity. As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out
on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.提示
Reference Chapter:1.5.3
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376/545問題
376. 問題
1 分QID1180:Which of the following organizations are supervised, monitored and regulated by the HKMA?
I. The Banking Authority
II. Registered Institutions
III. Licensed Corporation
IV. Authorised Financial Institutions正確
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
錯誤
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
提示
Reference Chapter:1.5.3
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377/545問題
377. 問題
1 分QID28:Which entity is the frontline regulator of registered institution that conducts regulated activity as defined by the SFO?
正確
As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out on-site inspections.
錯誤
As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out on-site inspections.
提示
Reference Chapter:1.5.3
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378/545問題
378. 問題
1 分QID29:Which of the following descriptions about Authorised Financial
Institutions (AFI) are true?
I. All Registered Institutions are banks.
II. If the AFIs are conducting the regulated activities as defined by the SFO, the AFIs should register with the SFC.
III. SFC is responsible for licensing AFIs for all businesses
IV. The HKMA may refer cases of suspected malpractice by registered institutions in respect of the SFC-regulated activities to the SFC正確
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity. The HKMA may refer cases of suspected malpractice by registered institutions in respect of the SFC-regulated activities to the SFC, which may directly review those institutions.
錯誤
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity. The HKMA may refer cases of suspected malpractice by registered institutions in respect of the SFC-regulated activities to the SFC, which may directly review those institutions.
提示
Reference Chapter:1.5.3
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379/545問題
379. 問題
1 分QID30:Which of the following is the regulator of Registered Institutions?
正確
As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out
on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.錯誤
As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out
on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.提示
Reference Chapter:1.5.3
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380/545問題
380. 問題
1 分QID31:Which of the following is the regulator of Authorised Financial
Institutions?正確
As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.
錯誤
As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.
提示
Reference Chapter:1.5.3
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381/545問題
381. 問題
1 分QID32:Which of the following descriptions are correct?
I. All banks in Hong Kong are supervised by the SFC.
II. Some of the activities conducted by registered institutions are regulated by the SFO.
III. A memorandum of understanding (“MOU”) has been signed between the SFC and the HKMA to minimize regulatory overlaps.
IV. The Insurance Authority is the major regulator of the insurance industry in Hong Kong.正確
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity. Clearly, the HKMA and the SFC must work closely together in relation to any SFC-regulated activities that are carried out by registered institutions. To this end, a memorandum of understanding (“MOU”) has been signed between the two regulators, setting out their roles and responsibilities so as to minimise overlaps under the regulatory regime. The Insurance Authority is the major regulator of the insurance industry in Hong Kong.
錯誤
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity. Clearly, the HKMA and the SFC must work closely together in relation to any SFC-regulated activities that are carried out by registered institutions. To this end, a memorandum of understanding (“MOU”) has been signed between the two regulators, setting out their roles and responsibilities so as to minimise overlaps under the regulatory regime. The Insurance Authority is the major regulator of the insurance industry in Hong Kong.
提示
Reference Chapter:1.5.3
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382/545問題
382. 問題
1 分QID809:What is the difference between Licensed Corporations and Registered Institutions?
正確
Registered institutions are regulated by the HKMA. They have to be registered with the SFC if they wish to carry out SFC regulated activities but the front line regulator will be the HKMA.
錯誤
Registered institutions are regulated by the HKMA. They have to be registered with the SFC if they wish to carry out SFC regulated activities but the front line regulator will be the HKMA.
提示
Reference Chapter:1.5.3
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383/545問題
383. 問題
1 分QID1181:What are the two regulatory authorities primarily involved in regulating the asset management industry
I. SFC
II. HKMA
III. SEHK
IV. HKEX正確
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
錯誤
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
提示
Reference Chapter:1.5.3
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384/545問題
384. 問題
1 分QID114:Which of the following two intermediaries are regulated and licensed/registered by the SFC?
I. Independent Financial Advisor
II. Investment Bank
III. Trustee
IV. Insurance Agent正確
The provisions of the SFO have different applications to the following different classes of person:
(b) “registered institution”, which refers to authorised financial institutions (“AFIs”) directly supervised by the Hong Kong Monetary Authority (“HKMA”) and registered with the SFC.錯誤
The provisions of the SFO have different applications to the following different classes of person:
(b) “registered institution”, which refers to authorised financial institutions (“AFIs”) directly supervised by the Hong Kong Monetary Authority (“HKMA”) and registered with the SFC.提示
Reference Chapter:1.5.3
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385/545問題
385. 問題
1 分QID1184:British Construction Bank is and AFI regulated by the HKMA, if it plans to conduct Type 9 Regulated Activity in the near future, how should it proceed?
正確
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
錯誤
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
提示
Reference Chapter:1.5.3
-
386/545問題
386. 問題
1 分QID1185:Which entity is the frontline regulator(s) of registered institutions that conducts regulated activities?
正確
The frontline regulator of AFIs is the HKMA.
錯誤
The frontline regulator of AFIs is the HKMA.
提示
Reference Chapter:1.5.3
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387/545問題
387. 問題
1 分QID1183:If an authorised financial institution would like to conduct regulated actives under the SFO, which organization should it register with?
正確
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
錯誤
Under the SFO and the Banking Ordinance, AFIs, which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-RA.
提示
Reference Chapter:1.5.3
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388/545問題
388. 問題
1 分QID1494:What is the primary function of Registered Institution in the Asset Management Business?
正確
Many AFIs participate in the fund management industry as distributors of CISs products. Accordingly, the HKMA, in its capacity as the banking regulatory authority, is concerned with the asset management industry insofar as it affects AFIs engaged in the regulated activity of asset management, i.e. registered institutions.
錯誤
Many AFIs participate in the fund management industry as distributors of CISs products. Accordingly, the HKMA, in its capacity as the banking regulatory authority, is concerned with the asset management industry insofar as it affects AFIs engaged in the regulated activity of asset management, i.e. registered institutions.
提示
Reference Chapter:1.5.3
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389/545問題
389. 問題
1 分QID341:A person engaging in any activity regulated by the SFO, which includes asset management, will need to be licensed by the
正確
Any person that wish to conduct a regulated activity must be licensed by the SFC.
錯誤
Any person that wish to conduct a regulated activity must be licensed by the SFC.
提示
Reference Chapter:1.5.3
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390/545問題
390. 問題
1 分QID24:If an AFI plans to conduct regulated activities as defined by the SFO, which of the following entities should it register with ?
正確
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity.
錯誤
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity.
提示
Reference Chapter:1.5.3
-
391/545問題
391. 問題
1 分QID33:British Construction Bank is an AFI regulated by the HKMA. Which of the following entities is responsible for supervising the regulated activities it conducts under the SFO?
正確
The HKMA and the SFC must work closely together in relation to any SFC-regulated activities that are carried out by registered
institutions. To this end, a memorandum of understanding (“MOU”) has been signed between the two regulators, setting out their roles and responsibilities so as to minimise overlaps under the regulatory regime.錯誤
The HKMA and the SFC must work closely together in relation to any SFC-regulated activities that are carried out by registered
institutions. To this end, a memorandum of understanding (“MOU”) has been signed between the two regulators, setting out their roles and responsibilities so as to minimise overlaps under the regulatory regime.提示
Reference Chapter:1.5.3
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392/545問題
392. 問題
1 分QID2471:Which institution should banks apply for a license or register if they want to engage in futures trading business?
正確
Banks should register from the SFC rather than applying for a license if they want to engage in futures trading business. Futures trading is a Type 2 regulated activity.
錯誤
Banks should register from the SFC rather than applying for a license if they want to engage in futures trading business. Futures trading is a Type 2 regulated activity.
提示
Reference Chapter:1.5.3
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393/545問題
393. 問題
1 分QID1186:The HKMA may refer cases of suspected malpractices by registered institutions in respect of the SFC-regulated activities to the:
正確
The HKMA may refer cases of suspected malpractice by registered institutions in respect of the SFC-RAs to the SFC, which may directly review those institutions.
錯誤
The HKMA may refer cases of suspected malpractice by registered institutions in respect of the SFC-RAs to the SFC, which may directly review those institutions.
提示
Reference Chapter:1.5.4
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394/545問題
394. 問題
1 分QID55:Which of the following ordinances are administered and enforced by the Registrar of Companies?
I. Bankruptcy Ordinance
II. Money Lenders Ordinance
III. Securities and Futures Ordinance
IV. Trustee Ordinance正確
The Registrar of Companies administers and enforces certain aspects of the:
(d) Trustee Ordinance.
(f) Money Lenders Ordinance.錯誤
The Registrar of Companies administers and enforces certain aspects of the:
(d) Trustee Ordinance.
(f) Money Lenders Ordinance.提示
Reference Chapter:1.5.5
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395/545問題
395. 問題
1 分QID1187:The Registrar of Companies administers and enforces which of the following?
I. the Companies Ordinance(‘CO’)
II. the Limited Partnerships Ordinance
III. the Trustee Ordinance
IV. the Registered Trustees Incorporation Ordinance正確
The Registrar of Companies administers and enforces certain aspects of the:
(a) NCO;
(c.) Limited Partnerships Ordinance;
(d) Trustee Ordinance;
(e.) Registered Trustees Incorporation Ordinance.錯誤
The Registrar of Companies administers and enforces certain aspects of the:
(a) NCO;
(c.) Limited Partnerships Ordinance;
(d) Trustee Ordinance;
(e.) Registered Trustees Incorporation Ordinance.提示
Reference Chapter:1.5.5
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396/545問題
396. 問題
1 分QID2805:Which of the following is the responsibility of the Companies Registry?
I. Keep and make available companies’ returns for public inspection
II. Strike off companies that fail to file returns or do not carry on business
III. Directly supervise companies
IV. Recover returns from companies that fail to file on time正確
The Companies Registry is responsible
I. Keep and make the company’s returns for public inspection
II. Strike off companies for failure to file returns or not carry on business
III. Recover returns from companies that fail to file on timeThe Companies Registry does not directly regulate companies.
錯誤
The Companies Registry is responsible
I. Keep and make the company’s returns for public inspection
II. Strike off companies for failure to file returns or not carry on business
III. Recover returns from companies that fail to file on timeThe Companies Registry does not directly regulate companies.
提示
Reference Chapter:1.5.7
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397/545問題
397. 問題
1 分QID1188:Which of the following organizations cooperate closely with the SFC on issues of common interest?
I. HKMA
II. Companies Registry
III. Inland Revenue Department
IV. Hong Kong Exchanges and Clearing正確
The SFC will not cooperate with Inland Revenue Department.
錯誤
The SFC will not cooperate with Inland Revenue Department.
提示
Reference Chapter:1.5.8
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398/545問題
398. 問題
1 分QID56:The Registrar of Companies﹕
I. Has no direct links with the SFC in regulatory areas
II. Maintains and makes available for public inspection financial and other returns, charges registered by companies
III. Does not manage companies directly
IV. Enforces some aspects of the Companies Ordinance正確
The Registrar of Companies administers and enforces certain aspects of the:
(a) NCO;
(b) Companies (Winding Up and Miscellaneous Provisions) Ordinance
There are no direct links between the SFC and the Companies Registry in regulatory areas, although the two agencies maintain an active liaison on issues of common interest.
The Companies Registry maintains and makes available for public inspection financial and other returns, charges registered by companies and so on.
The Registrar of Companies does not directly regulate companies, limited partnerships, trustees or money lenders; such functions are assumed by different bodies.錯誤
The Registrar of Companies administers and enforces certain aspects of the:
(a) NCO;
(b) Companies (Winding Up and Miscellaneous Provisions) Ordinance
There are no direct links between the SFC and the Companies Registry in regulatory areas, although the two agencies maintain an active liaison on issues of common interest.
The Companies Registry maintains and makes available for public inspection financial and other returns, charges registered by companies and so on.
The Registrar of Companies does not directly regulate companies, limited partnerships, trustees or money lenders; such functions are assumed by different bodies.提示
Reference Chapter:1.5.8
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399/545問題
399. 問題
1 分QID1189:Which of the following institutions’ principal functions are to ensure that the interests of policy holders are protected and to promote the general stability of the insurance industry in Hong Kong?
正確
The principal functions of the Insurance Authority are to ensure that the interests of policy holders are protected and to promote the general stability of the insurance industry in Hong Kong.
錯誤
The principal functions of the Insurance Authority are to ensure that the interests of policy holders are protected and to promote the general stability of the insurance industry in Hong Kong.
提示
Reference Chapter:1.5.9
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400/545問題
400. 問題
1 分QID35:Which of the following is responsible for authorizing and supervising Insurance Companies?
正確
The Insurance Authority is concerned with the regulation of insurance companies and insurance intermediaries.
錯誤
The Insurance Authority is concerned with the regulation of insurance companies and insurance intermediaries.
提示
Reference Chapter:1.5.9
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401/545問題
401. 問題
1 分QID92:Which of the following description about the HKEX is correct?
I. The HKEX is a listed company on the SEHK.
II. The HKEX is an exchange controller recognized by the SFC
III. The SEHK, HKFE and the three associated clearing houses are subsidiaries of the HKEX.
IV. The HKEX is responsible for front-line prudential and conduct regulation of market participants.正確
HKEX is a listed company on the SEHK. On 6 March 2000, the SEHK, HKFE and the three associated clearing houses – Hong Kong Securities Clearing Company Limited, The SEHK
Options Clearing House Limited and HKFE Clearing Corporation Limited – became wholly owned subsidiaries of HKEX. HKEX is an exchange controller recognised by the SFC under s. 59, SFO.錯誤
HKEX is a listed company on the SEHK. On 6 March 2000, the SEHK, HKFE and the three associated clearing houses – Hong Kong Securities Clearing Company Limited, The SEHK
Options Clearing House Limited and HKFE Clearing Corporation Limited – became wholly owned subsidiaries of HKEX. HKEX is an exchange controller recognised by the SFC under s. 59, SFO.提示
Reference Chapter:1.6.
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402/545問題
402. 問題
1 分QID1202:Which of the following is NOT a clearing house under the HKEX?
正確
HKEX is a listed company on the SEHK. On 6 March 2000, the SEHK, HKFE and the three associated clearing houses Hong Kong Securities Clearing Company Limited, The SEHK Options Clearing House Limited and HKFE Clearing Corporation Limited became wholly owned subsidiaries of HKEX.
錯誤
HKEX is a listed company on the SEHK. On 6 March 2000, the SEHK, HKFE and the three associated clearing houses Hong Kong Securities Clearing Company Limited, The SEHK Options Clearing House Limited and HKFE Clearing Corporation Limited became wholly owned subsidiaries of HKEX.
提示
Reference Chapter:1.6.1
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403/545問題
403. 問題
1 分QID102:Which of the following clearing houses are currently in operation in Hong Kong?
I. Hong Kong Securities Clearing Company Limited.
II. The SEHK Options Clearing House Limited.
III. HKFE Clearing Corporation Limited.
IV. Hong Kong Options Clearing Limited.正確
On 6 March 2000, the SEHK, HKFE and the three
associated clearing houses – Hong Kong Securities Clearing Company Limited, The SEHK Options Clearing House Limited and HKFE Clearing Corporation Limited – became wholly owned subsidiaries of HKEX.錯誤
On 6 March 2000, the SEHK, HKFE and the three
associated clearing houses – Hong Kong Securities Clearing Company Limited, The SEHK Options Clearing House Limited and HKFE Clearing Corporation Limited – became wholly owned subsidiaries of HKEX.提示
Reference Chapter:1.6.1
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404/545問題
404. 問題
1 分QID100:Which of the following securities and futures exchanges are currently in Hong Kong?
I. Stock Exchange of Hong Kong.
II. Hong Kong Futures Exchange Limited.
III. Hong Kong Options Exchange.
IV. Hong Kong Bonds Exchange.正確
The SEHK and HKFE are recognised under s. 19, SFO as exchange companies that may operate a stock market and a futures market in Hong Kong respectively.
錯誤
The SEHK and HKFE are recognised under s. 19, SFO as exchange companies that may operate a stock market and a futures market in Hong Kong respectively.
提示
Reference Chapter:1.6.1
-
405/545問題
405. 問題
1 分QID1204:Which of the following organizations are recognized clearing houses under the SFO?
I. Hong Kong Securities Clearing Company Limited
II. The SEHK Options Clearing House Limited
III. HKFE Clearing Corporation Limited
IV. The HKEX正確
On 6 March 2000, the SEHK, HKFE and the three associated clearing houses Hong Kong Securities Clearing Company Limited, The SEHK Options Clearing House Limited and HKFE Clearing Corporation Limited became wholly owned subsidiaries of HKEX.
錯誤
On 6 March 2000, the SEHK, HKFE and the three associated clearing houses Hong Kong Securities Clearing Company Limited, The SEHK Options Clearing House Limited and HKFE Clearing Corporation Limited became wholly owned subsidiaries of HKEX.
提示
Reference Chapter:1.6.1
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406/545問題
406. 問題
1 分QID1203:How many securities exchanges are there in Hong Kong?
正確
Only the SEHK is the securities exchange. HKFE is a futures exchange, not securities exchange.
錯誤
Only the SEHK is the securities exchange. HKFE is a futures exchange, not securities exchange.
提示
Reference Chapter:1.6.1
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407/545問題
407. 問題
1 分QID514:Which of the following agencies are the 3 major clearing houses in Hong Kong?
I. Hong Kong Securities Clearing Company Limited (HKSCC).
II. The SEHK Options Clearing House Limited (SEOCH).
III. HKFE Clearing Corporation Limited (HKCC).
IV. Hong Kong OTC Clear Limited.正確
Upon merger and demutualisation, the two exchanges and three
clearing houses (HKSCC, SEOCH and HKCC) became the wholly owned subsidiaries of HKEX and “participantship” of the exchanges and clearing houses was introduced. They became the three major clearing houses in Hong Kong.錯誤
Upon merger and demutualisation, the two exchanges and three
clearing houses (HKSCC, SEOCH and HKCC) became the wholly owned subsidiaries of HKEX and “participantship” of the exchanges and clearing houses was introduced. They became the three major clearing houses in Hong Kong.提示
Reference Chapter:1.6.1
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408/545問題
408. 問題
1 分QID2353:Hong Kong Exchange is
正確
Hong Kong Exchange is the exchange designated by Hong Kong and the controller of clearing company. The subsidiary of Hong Kong Exchange includes The Stock Exchange of Hong Kong Limited, which is responsible for the trading and clearing of securities and futures contract.
錯誤
Hong Kong Exchange is the exchange designated by Hong Kong and the controller of clearing company. The subsidiary of Hong Kong Exchange includes The Stock Exchange of Hong Kong Limited, which is responsible for the trading and clearing of securities and futures contract.
提示
Reference Chapter:1.6.1
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409/545問題
409. 問題
1 分QID1206:Which of the following are recognized exchanges under the SFO?
I. HKEX
II. SEHK
III. FEHK
IV. HKSCC正確
HKEX is an exchange controller recognized by the SFC under s. 59, SFO. The SEHK and HKFE are recognized under s. 19, SFO as exchange companies that may operate a stock market and a futures market in Hong Kong respectively.
錯誤
HKEX is an exchange controller recognized by the SFC under s. 59, SFO. The SEHK and HKFE are recognized under s. 19, SFO as exchange companies that may operate a stock market and a futures market in Hong Kong respectively.
提示
Reference Chapter:1.6.2
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410/545問題
410. 問題
1 分QID99:Which of the following is an exchange controller in Hong Kong?
正確
HKEX is an exchange controller recognised by the SFC under s. 59, SFO.
錯誤
HKEX is an exchange controller recognised by the SFC under s. 59, SFO.
提示
Reference Chapter:1.6.2
-
411/545問題
411. 問題
1 分QID1205:Which of the following is a recognized exchange controller under the SFO?
正確
Hong Kong Securities Clearing Company Limited, The SEHK
Options Clearing House Limited and HKFE Clearing Corporation Limited obtain their recognition under s. 37, SFO. A recognized exchange controller may control a recognized
exchange company or clearing house.錯誤
Hong Kong Securities Clearing Company Limited, The SEHK
Options Clearing House Limited and HKFE Clearing Corporation Limited obtain their recognition under s. 37, SFO. A recognized exchange controller may control a recognized
exchange company or clearing house.提示
Reference Chapter:1.6.2
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412/545問題
412. 問題
1 分QID101:Which of the following is an exchange controller?
正確
HKEX is an exchange controller recognised by the SFC under s. 59, SFO.
錯誤
HKEX is an exchange controller recognised by the SFC under s. 59, SFO.
提示
Reference Chapter:1.6.2
-
413/545問題
413. 問題
1 分QID2761:Which of the following statements about the SFC is correct?
正確
The SFC is responsible for the regulation of all securities and futures activities, including the regulatory activities carried out by banks. It is also responsible for regulating the exchange controller.
錯誤
The SFC is responsible for the regulation of all securities and futures activities, including the regulatory activities carried out by banks. It is also responsible for regulating the exchange controller.
提示
Reference Chapter:1.6.2
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414/545問題
414. 問題
1 分QID905:Which of the following correctly describes the HKEX?
正確
HKEX is not the venue for buying and selling Hong Kong stocks. HKEX is an exchange controller. HKEX’s subsidiary SEHK is the venue for buying and selling Hong Kong stocks. The SFC is responsible for licensing and registration of intermediaries. Stamp duty is a source of income of the government of the HKSAR.
錯誤
HKEX is not the venue for buying and selling Hong Kong stocks. HKEX is an exchange controller. HKEX’s subsidiary SEHK is the venue for buying and selling Hong Kong stocks. The SFC is responsible for licensing and registration of intermediaries. Stamp duty is a source of income of the government of the HKSAR.
提示
Reference Chapter:1.6.2
-
415/545問題
415. 問題
1 分QID733:The HKEX is responsible for regulating which of the following entities and matters?
I. Listed Companies
II. SEHK
III. HKFE
IV. Investors who participate in securities trading.正確
HKEX is responsible for ensuring an orderly and fair market in securities and futures contracts traded on or through the SEHK and HKFE, respectively. HKEX is required to ensure that risks are managed prudently, to act in the interests of the public, having
particular regard to the interests of the investing public, and to ensure that where such interests conflict with any other interests the former shall prevail. The SEHK is also responsible for administering the Listing Rules.錯誤
HKEX is responsible for ensuring an orderly and fair market in securities and futures contracts traded on or through the SEHK and HKFE, respectively. HKEX is required to ensure that risks are managed prudently, to act in the interests of the public, having
particular regard to the interests of the investing public, and to ensure that where such interests conflict with any other interests the former shall prevail. The SEHK is also responsible for administering the Listing Rules.提示
Reference Chapter:1.6.3
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416/545問題
416. 問題
1 分QID1207:The duties of the HKEX, as the exchange controller, include which of the following?
I. Ensuring an orderly and fair market in securities and futures contracts traded on or through the SEHK and HKFE.
II. Ensuring that risks are managed prudently, to act in the interests of the public, having particular regard to the interests of the investing public.
III. Being responsible for front-line prudential and regulation of market participants.
IV. Not being responsible for front-line prudential and regulation of market participants.正確
HKEX is responsible for ensuring an orderly and fair market in securities and futures contracts traded on or through the SEHK and HKFE, respectively. HKEX is required to ensure that risks are managed prudently, to act in the interests of the public, having particular regard to the interests of the investing public, and to ensure that where such interests conflict with any other interests the former shall prevail.
錯誤
HKEX is responsible for ensuring an orderly and fair market in securities and futures contracts traded on or through the SEHK and HKFE, respectively. HKEX is required to ensure that risks are managed prudently, to act in the interests of the public, having particular regard to the interests of the investing public, and to ensure that where such interests conflict with any other interests the former shall prevail.
提示
Reference Chapter:1.6.3
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417/545問題
417. 問題
1 分QID108:Which of the following groups of people may directly use the facilities of the Hong Kong Futures Exchange (HKFE)?
I. Professional investors.
II. Institutional investors.
III. Person licensed by or registered with the SFC.
IV. Foreign futures dealer.正確
Only the SFC’s licensed or registered persons may have access to the trading systems and facilities of HKFE, whether directly or indirectly, in order to carry out the Type 2 regulated activity of dealing in futures contracts.
錯誤
Only the SFC’s licensed or registered persons may have access to the trading systems and facilities of HKFE, whether directly or indirectly, in order to carry out the Type 2 regulated activity of dealing in futures contracts.
提示
Reference Chapter:1.6.3
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418/545問題
418. 問題
1 分QID1208:How is the board of HKEX formed?
正確
The board of HKEX is a mix of directors appointed by the Government (the majority) and those elected by the shareholders; the board elects the Chairman and appoints the Chief Executive. The Chairman of HKEX must be approved by the Chief Executive of the Hong Kong SAR, while the Chief Executive of HKEX has to be approved by the SFC.
錯誤
The board of HKEX is a mix of directors appointed by the Government (the majority) and those elected by the shareholders; the board elects the Chairman and appoints the Chief Executive. The Chairman of HKEX must be approved by the Chief Executive of the Hong Kong SAR, while the Chief Executive of HKEX has to be approved by the SFC.
提示
Reference Chapter:1.6.4
-
419/545問題
419. 問題
1 分QID104:Which of the following entity is responsible for monitoring the exchanges and clearing houses in Hong Kong?
正確
The SFC supervises and monitors the activities of HKEX, the exchange companies and the clearing houses, approves their rules and amendments to the rules, approves the fees they charge, and administers and enforces the applicable legislation. It also carries out regular reviews of these activities.
錯誤
The SFC supervises and monitors the activities of HKEX, the exchange companies and the clearing houses, approves their rules and amendments to the rules, approves the fees they charge, and administers and enforces the applicable legislation. It also carries out regular reviews of these activities.
提示
Reference Chapter:1.6.5
-
420/545問題
420. 問題
1 分QID1209:Which of the following organizations is responsible for front line conduct of market participants in the securities and futures business?
正確
Except in relation to the management of business risk, and the enforcement of their own listing, trading, clearing and settlement rules, HKEX, the exchanges and the clearing houses are not responsible for front-line prudential and conduct regulation of market participants, which is carried out by the SFC.
錯誤
Except in relation to the management of business risk, and the enforcement of their own listing, trading, clearing and settlement rules, HKEX, the exchanges and the clearing houses are not responsible for front-line prudential and conduct regulation of market participants, which is carried out by the SFC.
提示
Reference Chapter:1.6.6
-
421/545問題
421. 問題
1 分QID788:Which of the following regulators in Hong Kong assumes responsibility for front-line regulation and discipline of participants of the securities and futures industry?
正確
Except in relation to the management of business risk, and the enforcement of their own listing, trading, clearing and settlement rules, HKEX, the exchanges and the clearing houses are not responsible for front-line prudential and conduct regulation of market participants, which is carried out by the SFC.
錯誤
Except in relation to the management of business risk, and the enforcement of their own listing, trading, clearing and settlement rules, HKEX, the exchanges and the clearing houses are not responsible for front-line prudential and conduct regulation of market participants, which is carried out by the SFC.
提示
Reference Chapter:1.6.6
-
422/545問題
422. 問題
1 分QID515:The SEHK is responsible for regulating which of the following individuals/institutions?
正確
The SEHK, provides for trading in securities on two boards, the
Main Board and Growth Enterprise Market. All companies listed or pursuing a listing on those exchanges will be regulated by the SEHK.錯誤
The SEHK, provides for trading in securities on two boards, the
Main Board and Growth Enterprise Market. All companies listed or pursuing a listing on those exchanges will be regulated by the SEHK.提示
Reference Chapter:1.6.6
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423/545問題
423. 問題
1 分QID105:Which of the following organization is responsible for front-line prudential and conduct regulation of market participants?
正確
Except in relation to the management of business risk, and the enforcement of their own listing, trading, clearing and settlement rules, HKEX, the exchanges and the clearing houses are not responsible for front-line prudential and conduct regulation of market participants, which is carried out by the SFC.
錯誤
Except in relation to the management of business risk, and the enforcement of their own listing, trading, clearing and settlement rules, HKEX, the exchanges and the clearing houses are not responsible for front-line prudential and conduct regulation of market participants, which is carried out by the SFC.
提示
Reference Chapter:1.6.6
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424/545問題
424. 問題
1 分QID1490:Which of the following is not a principle guiding the SFC’s work?
正確
The SFC seeks to work in partnership with the industry it regulates, encouraging a two-way dialogue that fosters a forum for an exchange of views and that encourages a strong regulator/regulate relationship.
In seeking the right balance, the SFC consults both industry practitioners and the public on proposed regulatory developments.
Rather than implement detailed standards, the SFC focuses on a higher-level articulation of what the SFC expects registered and licensed persons to do. This allows standards to be maintained for a variety of scenarios in a fast-changing marketplace, and enables businesses to decide how best to secure compliance with regulations having regard to their particular business context.錯誤
The SFC seeks to work in partnership with the industry it regulates, encouraging a two-way dialogue that fosters a forum for an exchange of views and that encourages a strong regulator/regulate relationship.
In seeking the right balance, the SFC consults both industry practitioners and the public on proposed regulatory developments.
Rather than implement detailed standards, the SFC focuses on a higher-level articulation of what the SFC expects registered and licensed persons to do. This allows standards to be maintained for a variety of scenarios in a fast-changing marketplace, and enables businesses to decide how best to secure compliance with regulations having regard to their particular business context.提示
Reference Chapter:1.6.6
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425/545問題
425. 問題
1 分QID106:Which of the following entity is responsible for the management of business risk, and the enforcement of their listing, trading, clearing and settlement rules?
正確
Except in relation to the management of business risk, and the enforcement of their own listing, trading, clearing and settlement rules, HKEX, the exchanges and the clearing houses are not responsible for front-line prudential and conduct regulation of market participants, which is carried out by the SFC.
錯誤
Except in relation to the management of business risk, and the enforcement of their own listing, trading, clearing and settlement rules, HKEX, the exchanges and the clearing houses are not responsible for front-line prudential and conduct regulation of market participants, which is carried out by the SFC.
提示
Reference Chapter:1.6.6
-
426/545問題
426. 問題
1 分QID909:Which of the following individuals are more likely to be affected by the Licensing and registration part of the SFO?
I. Licensed Corporation
II. AFIs that is preparing to conduct regulated activities in the near future
III. Executive officers of a Registered Institution
IV. Professional Investors正確
Professional Investors do not need to be licensed. AFIs will need to be registered in order to conduct regulated activities.
錯誤
Professional Investors do not need to be licensed. AFIs will need to be registered in order to conduct regulated activities.
提示
Reference Chapter:1.7.
-
427/545問題
427. 問題
1 分QID2361:In the Securities and Futures Ordinance (SFO), chapters related to licensing and registration may apply to?
I. Staffs of licensed corporations
II. Staffs of registered agents
III. Banks conducting regulated activities
IV. Professional investors正確
In the Securities and Futures Ordinance (SFO), chapters related to licensing and registration may apply to?
I. Licensed corporations
II. staffs of licensed corporations
III. Banks conducting regulated activities (registered institutions)
IV. Staffs of banks conducting regulated activities (registered institutions)錯誤
In the Securities and Futures Ordinance (SFO), chapters related to licensing and registration may apply to?
I. Licensed corporations
II. staffs of licensed corporations
III. Banks conducting regulated activities (registered institutions)
IV. Staffs of banks conducting regulated activities (registered institutions)提示
Reference Chapter:1.7.
-
428/545問題
428. 問題
1 分QID188:Which of the following description about the single licence regime is correct?
正確
Although there are ten types of regulated activity, the SFC will grant to a person only one licence (or registration) which will enable the holder to undertake one or more of the ten regulated activities. This is normally referred to as the “single licence regime”.
錯誤
Although there are ten types of regulated activity, the SFC will grant to a person only one licence (or registration) which will enable the holder to undertake one or more of the ten regulated activities. This is normally referred to as the “single licence regime”.
提示
Reference Chapter:1.7.1
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429/545問題
429. 問題
1 分QID186:Which of the following descriptions about the single license regime is correct?
正確
Although there are ten types of regulated activity, the SFC will grant to a person only one licence (or registration) which will enable the holder to undertake one or more of the ten regulated activities. This is normally referred to as the “single licence regime”.
錯誤
Although there are ten types of regulated activity, the SFC will grant to a person only one licence (or registration) which will enable the holder to undertake one or more of the ten regulated activities. This is normally referred to as the “single licence regime”.
提示
Reference Chapter:1.7.1
-
430/545問題
430. 問題
1 分QID1570:Do AFI’s who are trying to conduct regulated activities need to be licensed or registered?
正確
The position is slightly different for AFIs (such as banks) which are also regulated by the HKMA. Where an AFI wishes to engage in one or more regulated activities, it needs to be registered with the SFC.
錯誤
The position is slightly different for AFIs (such as banks) which are also regulated by the HKMA. Where an AFI wishes to engage in one or more regulated activities, it needs to be registered with the SFC.
提示
Reference Chapter:1.7.1
-
431/545問題
431. 問題
1 分QID233:Individuals engaged in asset management require
正確
Part V, SFO provides for the implementation of the licensing regime, including:
(h) requiring an individual engaging in a regulated activity for a licensed corporation (as his principal) to be licensed (licensed representative). A licensed representative will usually be accredited to one principal, but the SFC may approve his accreditation to more than one licensed corporation within the same group of companies.錯誤
Part V, SFO provides for the implementation of the licensing regime, including:
(h) requiring an individual engaging in a regulated activity for a licensed corporation (as his principal) to be licensed (licensed representative). A licensed representative will usually be accredited to one principal, but the SFC may approve his accreditation to more than one licensed corporation within the same group of companies.提示
Reference Chapter:1.7.1
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432/545問題
432. 問題
1 分QID1212:The system that covers the ten specified types of regulated activities and the licensing of corporations (“licensed corporations”) to conduct one or more regulated activities subject to any conditions the SFC may wish to impose is known as the:
正確
The setting up of a single licensing system to cover the ten specified types of RA (see section 7.4 below) and the licensing of corporations (“licensed corporations”) to conduct one or more RAs subject to any conditions the SFC may wish to impose.
錯誤
The setting up of a single licensing system to cover the ten specified types of RA (see section 7.4 below) and the licensing of corporations (“licensed corporations”) to conduct one or more RAs subject to any conditions the SFC may wish to impose.
提示
Reference Chapter:1.7.1
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433/545問題
433. 問題
1 分QID1210:Part V of the SFO provides for the implementation of which of the following licensing regime?
正確
Part V, SFO provides for the implementation of the licensing regime, including:
(a) the setting up of a single licensing system to cover the ten specified types of RA (see section 7.4 below) and the licensing of corporations (“licensed corporations”) to conduct one or more RAs subject to any conditions the SFC may wish to impose.錯誤
Part V, SFO provides for the implementation of the licensing regime, including:
(a) the setting up of a single licensing system to cover the ten specified types of RA (see section 7.4 below) and the licensing of corporations (“licensed corporations”) to conduct one or more RAs subject to any conditions the SFC may wish to impose.提示
Reference Chapter:1.7.1
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434/545問題
434. 問題
1 分QID187:Although there are ten types of regulated activity, the SFC will grant to a person only one licence (or registration) which will enable the holder to undertake one or more of the ten regulated activities. This is normally referred to as the
正確
Although there are ten types of regulated activity, the SFC will grant to a person only one licence (or registration) which will enable the holder to undertake one or more of the ten regulated activities. This is normally referred to as the “single licence regime”.
錯誤
Although there are ten types of regulated activity, the SFC will grant to a person only one licence (or registration) which will enable the holder to undertake one or more of the ten regulated activities. This is normally referred to as the “single licence regime”.
提示
Reference Chapter:1.7.1
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435/545問題
435. 問題
1 分QID242: A licensed corporation must have
正確
The definition of responsible officer as given here is not stated in the SFO (see Note 1 below) but has been provided by the SFC:
(b) every licensed corporation must have, for each regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.錯誤
The definition of responsible officer as given here is not stated in the SFO (see Note 1 below) but has been provided by the SFC:
(b) every licensed corporation must have, for each regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.提示
Reference Chapter:1.7.10
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436/545問題
436. 問題
1 分QID237:A licensed corporation or registered institution should have
I. at least 2 RO and 1 Executive Director as RO
II. at all times there must be at least 1 executive officer available to supervise the business of the regulated activity
III. at least 1 RO, including 1 an Executive Director as RO
IV. at all times there must be at least 2 executive officer available to supervise the business of the regulated activity正確
The definition of responsible officer as given here is not stated in the SFO (see Note 1 below) but has been provided by the SFC:
(b) every licensed corporation must have, for each regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.錯誤
The definition of responsible officer as given here is not stated in the SFO (see Note 1 below) but has been provided by the SFC:
(b) every licensed corporation must have, for each regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.提示
Reference Chapter:1.7.10
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437/545問題
437. 問題
1 分QID236:Which of the following descriptions about the responsible officer of a licensed corporation are CORRECT?
I. Every executive director of a licensed corporation must be
approved by the SFC as a responsible officer.
II. Every licensed corporation must have, for each of the regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.
III. Any licensed corporation must carry out various regulated activities according to the license it was issued with; at least one person must be approved by the SFC as a responsible officer for the regulated activity the licensed corporation was issued a license to carry out, and at least one responsible officer must be established as the executive director of the licensed corporation.
IV. If a licensed corporation is licensed to carry out a number of various types of regulated activities, the responsible officer for each activity may not overlap.正確
A responsible officer is a licensed representative who
(i) actively participates in or supervises a regulated activity,
(ii) is nominated by the licensed corporation as a responsible officer, and
(iii) is approved by the SFC as a responsible officer.
The definition of responsible officer as given here is not stated in the SFO (see Note 1 below) but has been provided by the SFC:
(b) every licensed corporation must have, for each regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.錯誤
A responsible officer is a licensed representative who
(i) actively participates in or supervises a regulated activity,
(ii) is nominated by the licensed corporation as a responsible officer, and
(iii) is approved by the SFC as a responsible officer.
The definition of responsible officer as given here is not stated in the SFO (see Note 1 below) but has been provided by the SFC:
(b) every licensed corporation must have, for each regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.提示
Reference Chapter:1.7.10
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438/545問題
438. 問題
1 分QID1003:Which of the following descriptions about RO is correct?
正確
Licensed corporations should have at least 1 responsible officer at all times to perform the regulated function.
錯誤
Licensed corporations should have at least 1 responsible officer at all times to perform the regulated function.
提示
Reference Chapter:1.7.10
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439/545問題
439. 問題
1 分QID239:Under the Securities and Futures Ordinance (SFO), which of the following conditions apply to responsible officers of a licensed corporation?
I. Every responsible officer other than a designated compliance officer must be an executive director.
II. There must be at least two responsible officers for every regulated activity engaged in by a licensed corporation.
III. There must be at least one responsible officer present at all times to supervise the regulated activity of a licensed corporation.
IV. The designated compliance officer must be a responsible officer.正確
The definition of responsible officer as given here is not stated in the SFO (see Note 1 below) but has been provided by the SFC:
(b) every licensed corporation must have, for each regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.錯誤
The definition of responsible officer as given here is not stated in the SFO (see Note 1 below) but has been provided by the SFC:
(b) every licensed corporation must have, for each regulated activity for which it is licensed, at least two responsible officers approved by the SFC as such; and at least one of them shall be an executive director of the licensed corporation.提示
Reference Chapter:1.7.10
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440/545問題
440. 問題
1 分QID2677:With regards to responsible officers of a licensed corporation, which of the following is correct?
正確
Responsible Officers of a Lincened Corporation may or may not be directors. Its not required that only INED can become a responsible officer of a Licenced Corporation. Only Registered Institutions are required to employ Executive Officers. Each Licenced Corporation must have at least two Responsible Officers.
錯誤
Responsible Officers of a Lincened Corporation may or may not be directors. Its not required that only INED can become a responsible officer of a Licenced Corporation. Only Registered Institutions are required to employ Executive Officers. Each Licenced Corporation must have at least two Responsible Officers.
提示
Reference Chapter:1.7.10
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441/545問題
441. 問題
1 分QID1221:Which of the following restrictions about responsible officers are correct?
I. A licensed corporation should appoint not less than two responsible officers.
II. At least one of the responsible officers should be the executive director of the licensed corporation.
III. All executive directors should be responsible officers.
IV. For each regulated activity, at least one responsible officer available at all times to supervise the business of the regulated activity for which it is licensed, and who is based in Hong Kong (s. 118(1)(a)(ii), SFO).正確
Each licensed corporation is required to:
(a) appoint not less than two responsible officers, at least one of whom must be an executive director (see Note 1 below) (s. 125, SFO);
(b) ensure that every individual executive director of the licensed corporation is approved as a responsible officer (s. 125, SFO); and
(c.) ensure that it has, for each RA, at least one responsible officer available at all times to supervise the business of the RA for which it is licensed, and who is based in Hong Kong (s. 118(1)(a)(ii), SFO) (see Note 2 below).錯誤
Each licensed corporation is required to:
(a) appoint not less than two responsible officers, at least one of whom must be an executive director (see Note 1 below) (s. 125, SFO);
(b) ensure that every individual executive director of the licensed corporation is approved as a responsible officer (s. 125, SFO); and
(c.) ensure that it has, for each RA, at least one responsible officer available at all times to supervise the business of the RA for which it is licensed, and who is based in Hong Kong (s. 118(1)(a)(ii), SFO) (see Note 2 below).提示
Reference Chapter:1.7.10
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442/545問題
442. 問題
1 分QID238:Which of the following descriptions about a registered institution’s
executive office are is/are CORRECT?
I. A registered institution shall appoint at least 2 executive
officers in respect of each type of regulated activity, and there must be at least 1 executive officer available to supervise the business of the regulated activity at all times.
II. A registered institution shall appoint at least 1 executive officer in respect of each type of regulated activity, and there must be at least 1 executive officer available to supervise the business of the regulated activity at all times.
III. All executive officers of a registered institution must be the directors of the registered institution and must be approved by the SFC as responsible officers.
IV. If a registered institution is licensed to carry out many types of regulated activities, the executive officer for each regulated activity must not overlap.正確
There must be at least two executive officers appointed by a registered institution in respect of each type of regulated activity, and at all times there must be at least one executive officer available to supervise the business of the regulated activity.
錯誤
There must be at least two executive officers appointed by a registered institution in respect of each type of regulated activity, and at all times there must be at least one executive officer available to supervise the business of the regulated activity.
提示
Reference Chapter:1.7.13
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443/545問題
443. 問題
1 分QID1222:How many executive officers should a registered institution have to monitor its regulated activities?
正確
At all times, there must be at least one executive officer available to supervise the RA concerned.
錯誤
At all times, there must be at least one executive officer available to supervise the RA concerned.
提示
Reference Chapter:1.7.13
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444/545問題
444. 問題
1 分QID241:Why do licensed corporations need to determine the identity of substantial shareholder?
正確
The status of substantial shareholder has special relevance to the application of the licensing regime. A person may not become or continue to be a substantial shareholder of a licensed corporation without first being approved by the SFC as such (s. 131 and s. 6, Schedule 1, SFO).
錯誤
The status of substantial shareholder has special relevance to the application of the licensing regime. A person may not become or continue to be a substantial shareholder of a licensed corporation without first being approved by the SFC as such (s. 131 and s. 6, Schedule 1, SFO).
提示
Reference Chapter:1.7.14
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445/545問題
445. 問題
1 分QID240:A substantial shareholder of a licensed corporation needs to be approved by the
正確
The status of substantial shareholder has special relevance to the application of the licensing regime. A person may not become or continue to be a substantial shareholder of a licensed corporation without first being approved by the SFC as such (s. 131 and s. 6, Schedule 1, SFO).
錯誤
The status of substantial shareholder has special relevance to the application of the licensing regime. A person may not become or continue to be a substantial shareholder of a licensed corporation without first being approved by the SFC as such (s. 131 and s. 6, Schedule 1, SFO).
提示
Reference Chapter:1.7.14
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446/545問題
446. 問題
1 分QID1004:Black Flower Oil has acquired 15% of shares of a licenced corporation, Millionaire Securities, in the past month. Until now, Black Flower Oil and Millionaire Securities have made no notification to the SFC about such acquisition. Is there anything wrong?
正確
One must be approved by the SFC prior to becoming a substantial shareholder of a licenced corporation. Otherwise, it is against the SFO. Anyone with 10% of more of shares in a Licenced Corporation will be considered as a substantial shareholder.
錯誤
One must be approved by the SFC prior to becoming a substantial shareholder of a licenced corporation. Otherwise, it is against the SFO. Anyone with 10% of more of shares in a Licenced Corporation will be considered as a substantial shareholder.
提示
Reference Chapter:1.7.15
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447/545問題
447. 問題
1 分QID2783:Mr. Ko owns 45% of the voting rights of Kaohsiung Enterprises. Recently Mr. Ko intends to increase his holding of shares of Kaohsiung Enterprises by 10% while Kaohsiung Enterprise holds 15% shares of Kaohsiung Securities, a licensed corporation. Should Mr. Ko obtain SFC’s approval before increasing his Kaohsiung shares holdings?
正確
Since Kaohsiung Enterprises controls more than 10% of Kaohsiung Securities, Kaohsiung Enterprises is the substantial shareholder of Kaohsiung Securities. Mr. Ko controls more than 35% shares of Kaohsiung Enterprises, so he indirectly becomes a substantial shareholder of Kaohsiung Securities.
SFC’s approval is only required if a non-substantial shareholder becomes a substantial shareholder. As Mr. Ko has been a substantial shareholder of Kaohsiung Securities, there is no need for the approval of the SFC.
錯誤
Since Kaohsiung Enterprises controls more than 10% of Kaohsiung Securities, Kaohsiung Enterprises is the substantial shareholder of Kaohsiung Securities. Mr. Ko controls more than 35% shares of Kaohsiung Enterprises, so he indirectly becomes a substantial shareholder of Kaohsiung Securities.
SFC’s approval is only required if a non-substantial shareholder becomes a substantial shareholder. As Mr. Ko has been a substantial shareholder of Kaohsiung Securities, there is no need for the approval of the SFC.
提示
Reference Chapter:1.7.15
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448/545問題
448. 問題
1 分QID243:Which of the following is/are substantial shareholders of, Millionaire Securities, a licensed corporation?
I. Mr. Ip, who has a 10% stake of Millionaire Securities.
II. Ms. Chan, who has 20% of the voting power of Millionaire
Securities.
III. Mr. Mok, who was granted the authority to manage the investments of his seriously-ill spouse, Ms. Eu. Ms. Eu has a
30% stake of Millionaire Securities.
IV. Ms. Lau, who inherited her family business, Black Flower Oil. She has a 35% stake of Black Flower Oil and the company holds a 10% stake of Millionaire Securities.正確
A substantial shareholder of a corporation is formally defined in s. 6, Schedule 1, SFO. In simple terms for the purposes of this manual, it may be taken to refer to a person who alone or together with his associates:
(a) has an interest of more than 10% of the total number of issued shares of the corporation;
(b) directly or indirectly has more than 10% of the voting power of the corporation at a general meeting; or
(c) is able to exercise 35% or more of the voting power of another corporation at a general meeting which in turn has more than 10% of the voting power of the corporation at a general meeting.
All of the individuals mentioned in this question comply with one or more of the criteria set for someone to become a substantial shareholder.錯誤
A substantial shareholder of a corporation is formally defined in s. 6, Schedule 1, SFO. In simple terms for the purposes of this manual, it may be taken to refer to a person who alone or together with his associates:
(a) has an interest of more than 10% of the total number of issued shares of the corporation;
(b) directly or indirectly has more than 10% of the voting power of the corporation at a general meeting; or
(c) is able to exercise 35% or more of the voting power of another corporation at a general meeting which in turn has more than 10% of the voting power of the corporation at a general meeting.
All of the individuals mentioned in this question comply with one or more of the criteria set for someone to become a substantial shareholder.提示
Reference Chapter:1.7.15
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449/545問題
449. 問題
1 分QID2664:Miss Mok is a shareholder of a licensed corporation. Since the licesed corporation is buying back its shares, Miss Mok holdings in the company has increased to over 10% which in turn makes her a substantial shareholder. Miss Mok is only aware of this after two weeks, what can she do?
正確
She should notify the SFC in writing within 3 days of becoming aware of such incident.
錯誤
She should notify the SFC in writing within 3 days of becoming aware of such incident.
提示
Reference Chapter:1.7.18
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450/545問題
450. 問題
1 分QID1268:Which of the following intermediaries are subjected to client securities rules?
I. Licensed Corporations
II. Registered Institutions
III. Overseas Licensed Corporation
IV. Overseas Registered Institutions正確
Only corporations may become intermediaries. A corporation that obtains a licence will be regarded as a “licensed corporation” unless it is an AFI, in which case it will be regarded as a “registered institution”. Together they are referred to as “intermediaries”.
錯誤
Only corporations may become intermediaries. A corporation that obtains a licence will be regarded as a “licensed corporation” unless it is an AFI, in which case it will be regarded as a “registered institution”. Together they are referred to as “intermediaries”.
提示
Reference Chapter:1.7.2
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451/545問題
451. 問題
1 分QID2682:If a solicitor is conducting a Type 4 acitivity, should he/she apply for a licence?
正確
As long as its wholly incidental to his/her professional capacity, solicitors are not require to apply for a licence for conducting Type 4,5,6,9 activities.
錯誤
As long as its wholly incidental to his/her professional capacity, solicitors are not require to apply for a licence for conducting Type 4,5,6,9 activities.
提示
Reference Chapter:1.7.21
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452/545問題
452. 問題
1 分QID799:Trust companies can be exempted from licensing if they conduct which of the following regulated activities wholly incidental to their trustee duties?
I. Dealing in securities
II. Advising on securities
III. Advising on futures contracts
IV. Asset management正確
There are certain persons some of whose activities might otherwise fit the descriptions of regulated activities listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the definitions of regulated activities given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
– trust companies conducting Type 4, Type 5, Type 6 and Type 9 regulated activities wholly incidental to the discharge of their trustee duties.錯誤
There are certain persons some of whose activities might otherwise fit the descriptions of regulated activities listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the definitions of regulated activities given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
– trust companies conducting Type 4, Type 5, Type 6 and Type 9 regulated activities wholly incidental to the discharge of their trustee duties.提示
Reference Chapter:1.7.21
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453/545問題
453. 問題
1 分QID2735:In addition to buying and selling securities for clients, Monopoly Securities also provides discretionary account management services and securities margin financing services for clients’ securities accounts. Monopoly Securities can meet regulatory requirements through which of the following combinations of licenses?
I. Type 1 RA Licence
II. Type 9 RA Licence
III. Type 1 RA Licence + Type 9 RA Licence
IV. Type 1 RA Licence + Type 8 RA Licence + Type 9 RA Licence
正確
As securities discretionary management services and securities margin financing services are wholly incidental to securities trading services. Therefore, Monopoly Securities does not need to have a license for type 9 regulated activities (asset management) and type 8 regulated activities (securities margin financing). But it’s perfectly okay to have them as well.
However, a licensed corporation holding a Type 9 regulated activity license only is not permitted to conduct securities trading activities, so this is a wrong answer.
錯誤
As securities discretionary management services and securities margin financing services are wholly incidental to securities trading services. Therefore, Monopoly Securities does not need to have a license for type 9 regulated activities (asset management) and type 8 regulated activities (securities margin financing). But it’s perfectly okay to have them as well.
However, a licensed corporation holding a Type 9 regulated activity license only is not permitted to conduct securities trading activities, so this is a wrong answer.
提示
Reference Chapter:1.7.21
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454/545問題
454. 問題
1 分QID244:According to the exemption provisions of the SFO, Professional Accountants can conduct regulated activates under which of the following circumstances?
正確
There are certain persons, some of whose activities might otherwise fit the descriptions of regulated activities listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the definitions of regulated activities given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
(a) professional accountants, solicitors and counsel conducting Type 4, Type 5, Type 6 and Type 9 regulated activities that are wholly incidental to their professions (see section 1.9 below).錯誤
There are certain persons, some of whose activities might otherwise fit the descriptions of regulated activities listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the definitions of regulated activities given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
(a) professional accountants, solicitors and counsel conducting Type 4, Type 5, Type 6 and Type 9 regulated activities that are wholly incidental to their professions (see section 1.9 below).提示
Reference Chapter:1.7.21
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455/545問題
455. 問題
1 分QID2362:Kaohsiung Securities holds type 1 license which can conduct regulated activities wholly incidental to type 1 activities including:
I. Type 4 – advising on securities
II. Type 5 – advising on futures contract
III. Type 6 – advising on institutional financing
IV. Type 9 – providing asset management services正確
Kaohsiung Securities holds type 1 license which can conduct regulated activities wholly incidental to type 1 activities including:
I. Type 4 – advising on securities
II. Type 6 – advising on institutional financing
III. Type 8 – providing securities margin financing
IV. Type 9 – providing asset management services錯誤
Kaohsiung Securities holds type 1 license which can conduct regulated activities wholly incidental to type 1 activities including:
I. Type 4 – advising on securities
II. Type 6 – advising on institutional financing
III. Type 8 – providing securities margin financing
IV. Type 9 – providing asset management services提示
Reference Chapter:1.7.21
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456/545問題
456. 問題
1 分QID2472:Which of the following institution has to apply for an additional license or registration with respect to the Type 2 regulated activity?
正確
Institutions which provide their fully owned subsidiaries with futures trading advice don’t need any license.
For institutions holding a license for Type 9 regulated activities to engage in futures trading as a result of discretionary investment for their clients, they don’t need any additional license or registration as well since futures trading activities is fully accompanied by discretionary activities.
For institutions holding a license for Type 1 regulated activities to trade an ETF which is listed on the SEHK and only trades futures on behalf of their clients, since the target traded is listed ETFs rather than futures, naturally, there is no need to obtain a license or registration with respect to Type 2 regulated activities.
For institutions holding a license for Type 1 regulated activities to engage in futures trading as a result of discretionary investment for their clients, they need an additional license or registration since futures trading activities is not fully accompanied by Type 1 regulated activities.錯誤
Institutions which provide their fully owned subsidiaries with futures trading advice don’t need any license.
For institutions holding a license for Type 9 regulated activities to engage in futures trading as a result of discretionary investment for their clients, they don’t need any additional license or registration as well since futures trading activities is fully accompanied by discretionary activities.
For institutions holding a license for Type 1 regulated activities to trade an ETF which is listed on the SEHK and only trades futures on behalf of their clients, since the target traded is listed ETFs rather than futures, naturally, there is no need to obtain a license or registration with respect to Type 2 regulated activities.
For institutions holding a license for Type 1 regulated activities to engage in futures trading as a result of discretionary investment for their clients, they need an additional license or registration since futures trading activities is not fully accompanied by Type 1 regulated activities.提示
Reference Chapter:1.7.21
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457/545問題
457. 問題
1 分QID2473:Kaohsiung Securities holds a license for Type 2 regulated activities. In which of the following condition should they obtain a license for Type 5 regulated activities when delivering advice?
正確
Providing advice regarding futures trading with friends and charging a fee independently proves that it’s not solely associated with Type 2 regulated activities. Therefore, it is needed to obtain an additional license for Type 5 regulated activities.
錯誤
Providing advice regarding futures trading with friends and charging a fee independently proves that it’s not solely associated with Type 2 regulated activities. Therefore, it is needed to obtain an additional license for Type 5 regulated activities.
提示
Reference Chapter:1.7.21
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458/545問題
458. 問題
1 分QID1216:Kaohsiung Trust Company is not required to obtain a license to carry out regulated activities for which of the following?
正確
Such persons will not need licensing in respect of those activities. They include: trust companies conducting Type 4, Type 5, Type 6 or Type 9 Ras wholly incidental to the discharge of their trustee duties. Real estate are not securities and futures and not regulated by the SFO>
錯誤
Such persons will not need licensing in respect of those activities. They include: trust companies conducting Type 4, Type 5, Type 6 or Type 9 Ras wholly incidental to the discharge of their trustee duties. Real estate are not securities and futures and not regulated by the SFO>
提示
Reference Chapter:1.7.21
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459/545問題
459. 問題
1 分QID329:Mr Wan wishes to set up a company. The company will help Mr Wan’s friend, Mr Ko who resides in Japan to deal in foreign securities. The company will charge a symbolic commission. Should the company apply for a licence with the SFC?
正確
Dealing in securities for the purposes of the SFC licensing regime will include dealing in securities traded on the SEHK and other securities, where the activity is conducted in Hong Kong.
錯誤
Dealing in securities for the purposes of the SFC licensing regime will include dealing in securities traded on the SEHK and other securities, where the activity is conducted in Hong Kong.
提示
Reference Chapter:1.7.21
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460/545問題
460. 問題
1 分QID1575:Do trust companies that act as trustee for CIS need to apply for license?
正確
When acting strictly in their core capacity as mentioned (e.g. a custodian taking custody of fund assets, or a lawyer advising on fund structure), Other intermediaries involved in the asset management industry include trustees, custodians and professionals such as lawyers, accountants and investment advisers are not engaging in any activity regulated by the SFO.
錯誤
When acting strictly in their core capacity as mentioned (e.g. a custodian taking custody of fund assets, or a lawyer advising on fund structure), Other intermediaries involved in the asset management industry include trustees, custodians and professionals such as lawyers, accountants and investment advisers are not engaging in any activity regulated by the SFO.
提示
Reference Chapter:1.7.21
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461/545問題
461. 問題
1 分QID913:Under which of the circumstances is additional licenses not required?
正確
The key words here is “wholly incidental”, you won’t get any exemption if it is not wholly incidental.
錯誤
The key words here is “wholly incidental”, you won’t get any exemption if it is not wholly incidental.
提示
Reference Chapter:1.7.21
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462/545問題
462. 問題
1 分QID1223:In terms of Type 4 regulated activities, which of the following persons may NOT be exempted and must apply for a license or register to carry out regulated activities?
正確
There are certain persons some of whose activities might otherwise fit the descriptions of Ras listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the
definitions of RAs given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
(a) professional accountants, solicitors and counsel conducting Type 4, Type 5, Type 6 or Type 9 Ras that are wholly incidental to their professions;
(d) persons licensed or registered to conduct Type 1 RA who carry out Type 4, Type 6 or Type 9 Ras solely for the purposes of their Type 1 RA (the “wholly incidental” exemption).錯誤
There are certain persons some of whose activities might otherwise fit the descriptions of Ras listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the
definitions of RAs given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
(a) professional accountants, solicitors and counsel conducting Type 4, Type 5, Type 6 or Type 9 Ras that are wholly incidental to their professions;
(d) persons licensed or registered to conduct Type 1 RA who carry out Type 4, Type 6 or Type 9 Ras solely for the purposes of their Type 1 RA (the “wholly incidental” exemption).提示
Reference Chapter:1.7.21
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463/545問題
463. 問題
1 分QID851:Which of the following activities are exempted from licensing for Type 2 licence?
正確
For example, given that Lee is employed by ABC restaurant, and ABC restaurant hoped to enter into a future contract with a licensed corporation, as a hedge against the risk of rise in price of soybeans. Lee, on behalf of his employer ABC restaurant, signed the contract, in which both the beneficiary and the executor of the contract are ABC restaurant. In this situation, Lee is not a financial intermediary; hence, he needs not be licensed.
錯誤
For example, given that Lee is employed by ABC restaurant, and ABC restaurant hoped to enter into a future contract with a licensed corporation, as a hedge against the risk of rise in price of soybeans. Lee, on behalf of his employer ABC restaurant, signed the contract, in which both the beneficiary and the executor of the contract are ABC restaurant. In this situation, Lee is not a financial intermediary; hence, he needs not be licensed.
提示
Reference Chapter:1.7.21
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464/545問題
464. 問題
1 分QID353:Mr Wan is a registered representative of type 1 regulated activity of British Construction Bank, a registered institution. Mr Wan is constantly looking out for the portfolios of his retired customers and advises them on stock trading and other asset management activities, these activities are wholly incidental to his type 1 activity. In this case, should Mr Wan apply for a registration or license for the type 9 activities he conducts?
正確
Part V SFO allows licensed persons conducting some regulated activities to conduct certain others, e.g. a Type 1 licence or registration covers Type 4, Type 6 and Type 9 regulated
activities as well if the conducting of those activities is wholly incidental to the conducting of the Type 1 regulated activity.錯誤
Part V SFO allows licensed persons conducting some regulated activities to conduct certain others, e.g. a Type 1 licence or registration covers Type 4, Type 6 and Type 9 regulated
activities as well if the conducting of those activities is wholly incidental to the conducting of the Type 1 regulated activity.提示
Reference Chapter:1.7.21
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465/545問題
465. 問題
1 分QID746:A type 1 license will also enable the licensee to conduct which of the following categories?
I. Type 4 activity wholly incidental to Type 1
II. Type 5 activity wholly incidental to Type 1
III. Type 6 activity wholly incidental to Type 1
IV. Type 9 activity wholly incidental to Type 1正確
Regulated activities 4, 6 or 9 will be permitted if wholly incidental to Type 1.
錯誤
Regulated activities 4, 6 or 9 will be permitted if wholly incidental to Type 1.
提示
Reference Chapter:1.7.21
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466/545問題
466. 問題
1 分QID1608:Kaohsiung Securities trades Hong Kong stocks for clients. It carries a type 1 licence and is also an exchange participant. It recently wishes to providing financing to clients for their purchase of stocks in return for clients’ stocks as collaterals, does it need an extra licence?
正確
There are certain persons some of whose activities might otherwise fit the descriptions of Ras listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the definitions of RAs given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
(e.) persons licensed or registered to conduct Type 1 RA who may provide financial accommodation (Type 8 RA) to facilitate acquisitions or holdings of securities by those persons for clients錯誤
There are certain persons some of whose activities might otherwise fit the descriptions of Ras listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the definitions of RAs given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
(e.) persons licensed or registered to conduct Type 1 RA who may provide financial accommodation (Type 8 RA) to facilitate acquisitions or holdings of securities by those persons for clients提示
Reference Chapter:1.7.21
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467/545問題
467. 問題
1 分QID230:British Construction Bank is an authorised financial institution. Amid the downfall of the Hong Kong banking sector, it would like start an asset management business and sell CIS fund products it manages to clients to generate revenue. Which type license of regulated activity should British Construction Bank apply for to conduct such activities?
正確
Part V, SFO provides for the implementation of the licensing regime, including:
(b) the ten distinct types of regulated activity (see Schedule 5, SFO). In this case the bank should apply to a Type 9 license for asset management.錯誤
Part V, SFO provides for the implementation of the licensing regime, including:
(b) the ten distinct types of regulated activity (see Schedule 5, SFO). In this case the bank should apply to a Type 9 license for asset management.提示
Reference Chapter:1.7.21
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468/545問題
468. 問題
1 分QID246:Company A is a wholly own subsidiary of British Construction Bank and Company B is a wholly own subsidiary of Company A. Under which of the following condition company B has to register for a separate licence for regulated activities?
正確
There are certain persons some of whose activities might otherwise fit the descriptions of regulated activities listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the definitions of regulated activities given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
(d) corporations carrying out Type 4, Type 5, Type 6 and Type 9 regulated activities solely for their wholly owned subsidiaries, holding companies holding all their issued shares or other wholly owned subsidiaries of the holding company.
In this case, Type 1 regulated activities are not excluded, so a license must be obtained for such dealings.錯誤
There are certain persons some of whose activities might otherwise fit the descriptions of regulated activities listed in Part 1, Schedule 5, SFO, but for the fact that these are specifically excluded from the definitions of regulated activities given in Part 2 of the Schedule. Such persons will not need licensing in respect of those activities. They include:
(d) corporations carrying out Type 4, Type 5, Type 6 and Type 9 regulated activities solely for their wholly owned subsidiaries, holding companies holding all their issued shares or other wholly owned subsidiaries of the holding company.
In this case, Type 1 regulated activities are not excluded, so a license must be obtained for such dealings.提示
Reference Chapter:1.7.21
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469/545問題
469. 問題
1 分QID2681:Which of the following description is correct regarding temporary licence?
正確
Temporary Licence can last at most 3 months, its applicable to companies and individuals operating outside of Hong Kong. The validity of a Temporary Licence cannot surpass 6 months within 24 months. It will not be granted to companies operating in Hong Kong.
錯誤
Temporary Licence can last at most 3 months, its applicable to companies and individuals operating outside of Hong Kong. The validity of a Temporary Licence cannot surpass 6 months within 24 months. It will not be granted to companies operating in Hong Kong.
提示
Reference Chapter:1.7.22
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470/545問題
470. 問題
1 分QID2582:Which of the following company can apply for a temporary licence?
正確
The SFC has the right to grant a temporary license for a period not exceeding three months to a company who is based outside Hong Kong and the total period allowed should not exceed 6 months within 24 months.
錯誤
The SFC has the right to grant a temporary license for a period not exceeding three months to a company who is based outside Hong Kong and the total period allowed should not exceed 6 months within 24 months.
提示
Reference Chapter:1.7.22
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471/545問題
471. 問題
1 分QID1664:British Construction Securities is a foreign company, it has to conduct a series of securities transactions for clients in Hong Kong. These transactions will happen in a course of 2 months, these activities are all Type 1 activities. Should British Construction Securities apply for a license or registration in Hong Kong.
正確
It should apply for a temporary licence since the activities last less than 3 months.
錯誤
It should apply for a temporary licence since the activities last less than 3 months.
提示
Reference Chapter:1.7.22
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472/545問題
472. 問題
1 分QID1224:A company can apply for a temporary licence under the SFO if they can satisfy which of the following conditions?
I. A company that principally carries on its business overseas.
II. A company that conducts certain specified SFC regulated activities (including Type 1 and Type 4 regulated activities) in Hong Kong.
III. A company that conducts certain specified SFC regulated activities (including Type 2 and Type 5 regulated activities) in Hong Kong.
IV. The total period for which temporary licences can be held by the same person may not exceed six months over a 24-month period.正確
The SFC may grant a temporary licence for a period not exceeding three months, subject to conditions, to a corporation which principally carries on its business overseas, allowing it to conduct one or more than one RA (other than Type 3, Type 7, Type 8 and Type 9 Ras) in Hong Kong. Representatives of licensed and temporarily licensed corporations may be given temporary licences for a period not exceeding three months for the same purpose. The total period for which temporary licences can be held by the same person may not exceed six months over a 24-month period.
錯誤
The SFC may grant a temporary licence for a period not exceeding three months, subject to conditions, to a corporation which principally carries on its business overseas, allowing it to conduct one or more than one RA (other than Type 3, Type 7, Type 8 and Type 9 Ras) in Hong Kong. Representatives of licensed and temporarily licensed corporations may be given temporary licences for a period not exceeding three months for the same purpose. The total period for which temporary licences can be held by the same person may not exceed six months over a 24-month period.
提示
Reference Chapter:1.7.22
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473/545問題
473. 問題
1 分QID173:Kaohsiung Finance is the subsidiary of an overseas bank and operates mainly overseas. Recently, the company was appointed by Vita Milk, a listed company in Hong Kong, to provide advice on corporate finance activities such as takeovers and mergers. What is the most appropriate manner for Kaohsiung Finance to deal with the matter?
正確
The SFC may grant a temporary licence for a period not exceeding three months, subject to conditions, to a corporation which principally carries on its business overseas, allowing it to
conduct one or more than one regulated activity (other than Type 3 and Type 7 to Type 9 regulated activities) in Hong Kong. Representatives of licensed and temporary licensed corporations may be given temporary licences for a period not exceeding three months for the same purpose. The total period for which temporary licences can be held by the same person may not exceed six months over a 24-month period.錯誤
The SFC may grant a temporary licence for a period not exceeding three months, subject to conditions, to a corporation which principally carries on its business overseas, allowing it to
conduct one or more than one regulated activity (other than Type 3 and Type 7 to Type 9 regulated activities) in Hong Kong. Representatives of licensed and temporary licensed corporations may be given temporary licences for a period not exceeding three months for the same purpose. The total period for which temporary licences can be held by the same person may not exceed six months over a 24-month period.提示
Reference Chapter:1.7.22
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474/545問題
474. 問題
1 分QID247:British Construction Securities is a securities broker of the UK. It wishes to conduct a series of bond dealing in Hong Kong on behalf of a client for a period of less than 3 months. Should British Construction Securities register or apply for a licence?
正確
The SFC may grant a temporary licence for a period not exceeding three months, subject to conditions, to a corporation which principally carries on its business overseas, allowing it to
conduct one or more than one regulated activity (other than Type 3 and Type 7 to Type 9 regulated activities) in Hong Kong.錯誤
The SFC may grant a temporary licence for a period not exceeding three months, subject to conditions, to a corporation which principally carries on its business overseas, allowing it to
conduct one or more than one regulated activity (other than Type 3 and Type 7 to Type 9 regulated activities) in Hong Kong.提示
Reference Chapter:1.7.22
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475/545問題
475. 問題
1 分QID999:Mr Liu has advertised himself in multiple newspapers in Hong Kong. He claimed to be a futures contracts expert and can assist clients in dealing with foreign futures contracts. As a matter of fact, Mr Liu was not licenced by or registered with the SFC. Had he done anything wrong?
正確
To advertise oneself as operating a regulated activity is the same as operating a regulated activity. Conducting a regulated activity without licence or registration is against the SFO.
錯誤
To advertise oneself as operating a regulated activity is the same as operating a regulated activity. Conducting a regulated activity without licence or registration is against the SFO.
提示
Reference Chapter:1.7.24
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476/545問題
476. 問題
1 分QID299:British Construction Bank is an authorised financial institution. Amid the downfall of the Hong Kong banking sector, it has recently took part as manager in a few collective investment schemes. British Construction Bank did not register with the SFC, what are the probable consequences for such arrangements?
I. Daily Fines
II. Fines
III. Disbandment of the funds being managed
IV. Imprisonment正確
In terms of dealing with CISs, under s. 107, SFO, it is a criminal offence punishable by fine and/or imprisonment for a person to make any fraudulent or reckless misrepresentation for the purpose of inducing another person to:
(a) enter into or offer to enter into (i) an agreement to acquire, dispose of, subscribe for or underwrite securities, or (ii) a regulated investment agreement or an agreement to
acquire, dispose of, subscribe for or underwrite any other structured product; or
(b) acquire an interest in or participate in, or offer to acquire an interest in or participate in, a CIS.
See s. 107, SFO for definitions of fraudulent and reckless misrepresentation and also section 3.24 below.錯誤
In terms of dealing with CISs, under s. 107, SFO, it is a criminal offence punishable by fine and/or imprisonment for a person to make any fraudulent or reckless misrepresentation for the purpose of inducing another person to:
(a) enter into or offer to enter into (i) an agreement to acquire, dispose of, subscribe for or underwrite securities, or (ii) a regulated investment agreement or an agreement to
acquire, dispose of, subscribe for or underwrite any other structured product; or
(b) acquire an interest in or participate in, or offer to acquire an interest in or participate in, a CIS.
See s. 107, SFO for definitions of fraudulent and reckless misrepresentation and also section 3.24 below.提示
Reference Chapter:1.7.3
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477/545問題
477. 問題
1 分QID231:Conducting asset management activities without holding a valid SFC licence is a?
正確
Market misconduct may result in proceedings before the MMT or a criminal action before the courts, and/or a civil action for compensation undertaken by a person who has suffered pecuniary loss as a result of the market misconduct.
錯誤
Market misconduct may result in proceedings before the MMT or a criminal action before the courts, and/or a civil action for compensation undertaken by a person who has suffered pecuniary loss as a result of the market misconduct.
提示
Reference Chapter:1.7.3
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478/545問題
478. 問題
1 分QID1214:Asset management of CISs is which type of regulated activity as listed in Schedule 5, SFO?
正確
Type 9: asset management
錯誤
Type 9: asset management
提示
Reference Chapter:1.7.4
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479/545問題
479. 問題
1 分QID331:Which of the following descriptions of futures are CORRECT, as defined in the Securities and Futures Ordinance (SFO)?
I. Future contracts are agreements made between the buyer and seller.
II. Future contracts are made based on the future prices of securities.
III. One party agrees to deliver to the other party at an agreed future time an agreed property, or an agreed quantity of property, at an agreed price.
IV. The traded products of futures contracts are not securities.正確
According to Schedule 1, SFO, a futures contract means:
(a) a contract or an option on a contract made under the rules or conventions of a futures market.
(b) That one party agrees to deliver to the other party at an agreed future time an agreed property, or an agreed quantity of a property, at an agreed price.錯誤
According to Schedule 1, SFO, a futures contract means:
(a) a contract or an option on a contract made under the rules or conventions of a futures market.
(b) That one party agrees to deliver to the other party at an agreed future time an agreed property, or an agreed quantity of a property, at an agreed price.提示
Reference Chapter:1.7.4
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480/545問題
480. 問題
1 分QID1213:Which of the following are regulated activities under the SFO?
I. Type 7: Providing ATS
II. Type 8: SMF
III. Type 9: futures portfolio management
IV. Type 10: providing credit rating services正確
Type 7: providing ATS;
Type 8: SMF;
Type 9: asset management; and
Type 10: providing credit rating services.錯誤
Type 7: providing ATS;
Type 8: SMF;
Type 9: asset management; and
Type 10: providing credit rating services.提示
Reference Chapter:1.7.4
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481/545問題
481. 問題
1 分QID332:According to the Securities and Futures Ordinance, which of the following definitions of a futures contract?
I. One party agrees to deliver to the other party at an agreed
future time an agreed property, or an agreed quantity of a property, at an agreed price.
II. The buyer agrees to deliver to the seller at an agreed future time an agreed quantity of a property, at an agreed price. The
buyer reserves the right not to carry out the contract and the seller must act in compliance to the wishes of the buyer.
III. The parties will make an adjustment between them at an agreed future time according to whether at that time an agreed property is worth more or less, or an index or other factors stands at a higher or lower level, than a value or level agreed at the time of making of the contract.
IV. The parties will make an adjustment between them at an agreed future time according to the agreed value of the agreed property at the time of making the contract; there should be no increase or decrease.正確
According to Schedule 1, SFO, a futures contract means:
(a) That one party agrees to deliver to the other party at an agreed future time an agreed property, or an agreed quantity of a property, at an agreed price and;
(b) That the parties will make an adjustment between them at an agreed future time according to whether at that time an agreed property is worth more or less, or an index or other factor stands at a higher or lower level, than a value or level agreed at the time of making of the contract.錯誤
According to Schedule 1, SFO, a futures contract means:
(a) That one party agrees to deliver to the other party at an agreed future time an agreed property, or an agreed quantity of a property, at an agreed price and;
(b) That the parties will make an adjustment between them at an agreed future time according to whether at that time an agreed property is worth more or less, or an index or other factor stands at a higher or lower level, than a value or level agreed at the time of making of the contract.提示
Reference Chapter:1.7.4
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482/545問題
482. 問題
1 分QID333:Which of the following activities is not a case of Type 2 or Type 5 Activities?
正確
Any activities that are not conducted on behalf of others cannot be a regulated activity.
錯誤
Any activities that are not conducted on behalf of others cannot be a regulated activity.
提示
Reference Chapter:1.7.4
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483/545問題
483. 問題
1 分QID1215:Which of the following is NOT a regulated activity under the SFO?
正確
Type 3 is leveraged foreign exchange trading.
錯誤
Type 3 is leveraged foreign exchange trading.
提示
Reference Chapter:1.7.4
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484/545問題
484. 問題
1 分QID181:Which of the followings is not a regulated activities as defined by the SFO?
正確
There are ten distinct types of regulated activity (see Schedule 5, SFO):
Type 9: asset management. The correct number for this activity is 9.錯誤
There are ten distinct types of regulated activity (see Schedule 5, SFO):
Type 9: asset management. The correct number for this activity is 9.提示
Reference Chapter:1.7.4
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485/545問題
485. 問題
1 分QID183:Registration or licensing is required for which of the following activities in accordance with the Securities and Futures Ordinance (SFO)?
正確
Part V specifies that any person who carries on or holds himself out as carrying on the business of a “regulated activity” commits an offence unless that person is appropriately licensed by or registered with the SFC, or that person/activity fits within an applicable exemption.
There are ten distinct types of regulated activity (see Schedule 5, SFO):
Type 7: providing automated trading services.錯誤
Part V specifies that any person who carries on or holds himself out as carrying on the business of a “regulated activity” commits an offence unless that person is appropriately licensed by or registered with the SFC, or that person/activity fits within an applicable exemption.
There are ten distinct types of regulated activity (see Schedule 5, SFO):
Type 7: providing automated trading services.提示
Reference Chapter:1.7.4
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486/545問題
486. 問題
1 分QID180:“Asset Management” is a type of which of the following regulated activity?
正確
There are ten distinct types of regulated activity (see Schedule 5, SFO):
Type 9: asset management.錯誤
There are ten distinct types of regulated activity (see Schedule 5, SFO):
Type 9: asset management.提示
Reference Chapter:1.7.4
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487/545問題
487. 問題
1 分QID1218:Which of the following personnel or organizations should be licensed or registered when they are conducting regulated activities classified by the SFO?
I. Frontline staff of the intermediary
II. Responsible officers/ Executive officers of the intermediary
III. The major shareholders of the intermediary
IV. The intermediary正確
All references to registration will generally apply to this category as the term “licensing” will be used for all businesses and persons directly supervised by the SFC.
錯誤
All references to registration will generally apply to this category as the term “licensing” will be used for all businesses and persons directly supervised by the SFC.
提示
Reference Chapter:1.7.6
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488/545問題
488. 問題
1 分QID189:According to the SFO, an intermediary could mean
I. A Registered Institution
II. A Licensed Corporation
III. A Trust Company
IV. An Authorised Financial Institution正確
Only corporations may become intermediaries. A corporation that obtains a licence will be regarded as a “licensed corporation” unless it is an AFI, in which case it will be regarded as a “registered institution”. Together they are referred to as “intermediaries”. The distinction between the licensing of corporations and the registration of AFIs is reviewed in further detail in section 1 of Topic 4.
錯誤
Only corporations may become intermediaries. A corporation that obtains a licence will be regarded as a “licensed corporation” unless it is an AFI, in which case it will be regarded as a “registered institution”. Together they are referred to as “intermediaries”. The distinction between the licensing of corporations and the registration of AFIs is reviewed in further detail in section 1 of Topic 4.
提示
Reference Chapter:1.7.6
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489/545問題
489. 問題
1 分QID226:Which of the following entities will require registration or licencing when conducting regulated activities as defined by the SFO?
I. Registered Institution
II. Licensed Corporation
III. Authorised Financial Institutions
IV. Trust Companies正確
Part V, SFO provides for the implementation of the licensing regime, including:
(a.) the setting up of a single licensing system to cover the ten specified types of regulated activity (see section 6.2 of Topic 3, and section 8 below) and the licensing of corporations (“licensed corporations”) to conduct one or more regulated activities subject to any conditions the SFC may wish to impose.
(c.) the registration of authorised financial institutions (“AFIs”) to engage in one or more of the ten types of regulated activity (“registered institutions”) (see section 1.7 below);
however, an AFI carrying out Type 3 or Type 8 regulated activity is exempted from the registration requirement.錯誤
Part V, SFO provides for the implementation of the licensing regime, including:
(a.) the setting up of a single licensing system to cover the ten specified types of regulated activity (see section 6.2 of Topic 3, and section 8 below) and the licensing of corporations (“licensed corporations”) to conduct one or more regulated activities subject to any conditions the SFC may wish to impose.
(c.) the registration of authorised financial institutions (“AFIs”) to engage in one or more of the ten types of regulated activity (“registered institutions”) (see section 1.7 below);
however, an AFI carrying out Type 3 or Type 8 regulated activity is exempted from the registration requirement.提示
Reference Chapter:1.7.6
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490/545問題
490. 問題
1 分QID176:Which of the following institutions is required to become a “registered institution”?
正確
The provisions of the SFO have different applications to the following different classes of person:
(b) “registered institution”, which refers to authorised financial institutions (“AFIs”) directly supervised by the Hong Kong Monetary Authority (“HKMA”) and registered with the SFC.錯誤
The provisions of the SFO have different applications to the following different classes of person:
(b) “registered institution”, which refers to authorised financial institutions (“AFIs”) directly supervised by the Hong Kong Monetary Authority (“HKMA”) and registered with the SFC.提示
Reference Chapter:1.7.6
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491/545問題
491. 問題
1 分QID25:British Construction Bank is an authorised financial institution (AFI). Due to the rapid development of the securities markets, the company plans to provide securities trading services to its customer. How should the company proceed?
正確
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as
registered institutions if they wish to carry out an SFC-regulated activity. As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.錯誤
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as
registered institutions if they wish to carry out an SFC-regulated activity. As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.提示
Reference Chapter:1.7.6
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492/545問題
492. 問題
1 分QID27:Which of the following descriptions about intermediaries are correct?
I. Licensed Corporations are licensed by and supervised by the SFC.
II. Authorised Financial Institutions must register with the SFC in order to conduct regulated activities.
III. Registered Institutions need to comply with some of the codes and guidelines issued by the SFC.
IV. Registered Institutions need to be registered with the company registry.正確
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity. As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out
on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.錯誤
Under the SFO and the Banking Ordinance, authorised financial institutions (“AFIs”), which are regulated by the HKMA and include banks, have to be registered with the SFC as registered institutions if they wish to carry out an SFC-regulated activity. As the frontline regulator of AFIs is the HKMA, the latter takes the leading role in vetting applications for such registration and in supervising their SFC-regulated activities, including carrying out
on-site inspections. The HKMA applies all SFC criteria, such as the “fit and proper” criteria, in supervising AFIs registered with the SFC.提示
Reference Chapter:1.7.6
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493/545問題
493. 問題
1 分QID1217:Are registered institutions required to comply with the SFC’s regulatory criteria, including Fitness and Properness and Business Conduct?
正確
AFIs (including banks) are jointly regulated by the
HKMA and the SFC, with the HKMA being the front-line regulator that will apply all SFC regulatory criteria, including fitness and properness and business conduct, other than capital
adequacy, the handling of client money and the audit requirements in supervising them.錯誤
AFIs (including banks) are jointly regulated by the
HKMA and the SFC, with the HKMA being the front-line regulator that will apply all SFC regulatory criteria, including fitness and properness and business conduct, other than capital
adequacy, the handling of client money and the audit requirements in supervising them.提示
Reference Chapter:1.7.6 and 1.9.21
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494/545問題
494. 問題
1 分QID224:Yellow River Investment Limited is a company which conducts type 9 Regulated activity as defined by the SFO, which of the following entities should be licensed by the SFC?
I. Yellow River Investment Limited
II. The Executive Directors of Yellow River Trading
III. Staff that conducts type 9 activity
IV. All Staff of Yellow River Investment Limited正確
Assets management is type 9 regulated activity; therefore, carrying out this kind of activity requires a licence. An Executive Director of a company must be a responsible officer, and responsible officer needs to be licensed; therefore, the Executive Directors of Yellow River Trading must carry a licence.
錯誤
Assets management is type 9 regulated activity; therefore, carrying out this kind of activity requires a licence. An Executive Director of a company must be a responsible officer, and responsible officer needs to be licensed; therefore, the Executive Directors of Yellow River Trading must carry a licence.
提示
Reference Chapter:1.7.7
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495/545問題
495. 問題
1 分QID248:Mr Ko has been an INED of a licensed corporation -Kaohsiung Securities for a long time. Recently, Mr Ko has ceased to become an INED of Kaohsiung. When should he or Kaohsiung report the event to the SFC?
正確
If a licensed representative ceases to be employed with his accredited licensed corporation, both the representative and the corporation must notify the SFC within seven business days
after the cessation.錯誤
If a licensed representative ceases to be employed with his accredited licensed corporation, both the representative and the corporation must notify the SFC within seven business days
after the cessation.提示
Reference Chapter:1.7.8
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496/545問題
496. 問題
1 分QID2769:If the licensed representative’s employment is terminated, within how many business days should the licensed corporation notify the SFC?
正確
If the licensed representative ceases to be employed, the licensed corporation shall notify the SFC within 7 business days.
錯誤
If the licensed representative ceases to be employed, the licensed corporation shall notify the SFC within 7 business days.
提示
Reference Chapter:1.7.8
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497/545問題
497. 問題
1 分QID234:If a licensed representative ceased to be employed with his accredited licensed corporation, which of the following statements CORRECTLY describes the transfer of representative’s accreditation?
I. Both the representative and the corporation must notify the
SFC within 7 days after the cessation.
II. The licensed representative is allowed to transfer his accreditation to another licensed corporation within 180 days upon cessation.
III. If the licensed representative fails to transfer his accreditation to another licensed corporation after 180 days, his license is deemed to have been revoked upon cessation.
IV. The licensed representative may appeal against the termination
of his appointment and have his license restored.正確
If a licensed representative ceases to be employed with his accredited licensed corporation, both the representative and the corporation must notify the SFC within seven business days
after the cessation. The licensed representative is allowed 180 days for transfer of his accreditation to another licensed corporation, failing which his licence is deemed to have
been revoked upon such cessation.錯誤
If a licensed representative ceases to be employed with his accredited licensed corporation, both the representative and the corporation must notify the SFC within seven business days
after the cessation. The licensed representative is allowed 180 days for transfer of his accreditation to another licensed corporation, failing which his licence is deemed to have
been revoked upon such cessation.提示
Reference Chapter:1.7.8
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498/545問題
498. 問題
1 分QID2770:If a licensed representative ceases to be employed, within how many days can the licensed representative be transferred to another licensed corporation?
正確
If the licensed representative’s employment is terminated, the licensed representative may transfer to another licensed corporation within 180 days.
錯誤
If the licensed representative’s employment is terminated, the licensed representative may transfer to another licensed corporation within 180 days.
提示
Reference Chapter:1.7.8
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499/545問題
499. 問題
1 分QID229:If a registered representative wishes to become a responsible officer, it should
I. Obtain nomination from the SFC to become a RO
II. Obtain nomination from his principal to become an RO
III. Obtain approval of the SFC to become an RO
IV. Obtain approval of his principal to become an RO正確
A responsible officer is a licensed representative who
(ii) is nominated by the licensed corporation as a responsible officer, and
(iii) is approved by the SFC as a responsible officer.錯誤
A responsible officer is a licensed representative who
(ii) is nominated by the licensed corporation as a responsible officer, and
(iii) is approved by the SFC as a responsible officer.提示
Reference Chapter:1.7.9
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500/545問題
500. 問題
1 分QID1219:A responsible officer is a licensed representative; his duties include:
I. being nominated by the licensed corporation as a responsible officer.
II. being approved by the SFC as a responsible officer.
III. being approved by the HKMA as a responsible officer.
IV. actively participating in or supervising a regulated activity.正確
A responsible officer is a licensed representative who:
(a) actively participates in or supervises a RA;
(b) is nominated by the licensed corporation as a responsible officer; and
(c.) is approved by the SFC as a responsible officer.錯誤
A responsible officer is a licensed representative who:
(a) actively participates in or supervises a RA;
(b) is nominated by the licensed corporation as a responsible officer; and
(c.) is approved by the SFC as a responsible officer.提示
Reference Chapter:1.7.9
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501/545問題
501. 問題
1 分QID1220:A responsible officer of regulated activities carried out by a licensed corporation needs to be:
I. nominated by the licensed corporation.
II. approved by the SFC.
III. approved by the HKMA.
IV. approved by the HKEX.正確
A responsible officer is a licensed representative who:
(a) actively participates in or supervises a RA;
(b) is nominated by the licensed corporation as a responsible officer; and
(c.) is approved by the SFC as a responsible officer.錯誤
A responsible officer is a licensed representative who:
(a) actively participates in or supervises a RA;
(b) is nominated by the licensed corporation as a responsible officer; and
(c.) is approved by the SFC as a responsible officer.提示
Reference Chapter:1.7.9
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502/545問題
502. 問題
1 分QID3:The SFO is applicable to the primary business of which of the following individuals?
I. Fund Managers
II. Money Lenders
III. The Hong Kong Mortgage Corporation
IV. Professional Options Trader正確
The SFO is no applicable to money lenders. Despite the fact that money lending is an integral part of the financial markets, money lending itself is not related to securities and futures. Therefore, the SFO is not applicable to money lenders. The primary business of The Hong Kong Mortgage Corporation is administering the mortgage insurance program which by itself is not related to securities and futures. Therefore, the SFO is not applicable to The Hong Kong Mortgage Corporation.
錯誤
The SFO is no applicable to money lenders. Despite the fact that money lending is an integral part of the financial markets, money lending itself is not related to securities and futures. Therefore, the SFO is not applicable to money lenders. The primary business of The Hong Kong Mortgage Corporation is administering the mortgage insurance program which by itself is not related to securities and futures. Therefore, the SFO is not applicable to The Hong Kong Mortgage Corporation.
提示
Reference Chapter:1.8.1
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503/545問題
503. 問題
1 分QID658:Which of the following entities fulfil the SFC’s basic eligibility criteria
for trustees and custodians of authorised CISs?
I. Licensed Corporation licensed by the SFC
II. Institutional Investors
III. Qualified bank
IV. Trust Company正確
A trustee/custodian must be:
(a) a bank licensed under s. 16, Banking Ordinance;
(b) a trust company which is the subsidiary of such a bank;
(c) a trust company registered under Part VIII, Trustee Ordinance; or
(d) a banking institution or trust company incorporated outside Hong Kong which is acceptable to the SFC.錯誤
A trustee/custodian must be:
(a) a bank licensed under s. 16, Banking Ordinance;
(b) a trust company which is the subsidiary of such a bank;
(c) a trust company registered under Part VIII, Trustee Ordinance; or
(d) a banking institution or trust company incorporated outside Hong Kong which is acceptable to the SFC.提示
Reference Chapter:1.8.10
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504/545問題
504. 問題
1 分QID656:What is the relationship between the SFC and trustees/custodians of authorised funds?
正確
Trustees/custodians are unusual in the SFC’s regulatory regime as their activities are not “regulated activities” under the SFO, and they are not therefore required to be licensed by or registered with the SFC. However, the SFC does exercise a degree of regulatory oversight through requirements placed on the users of trustees/custodians, such as authorised CISs: for a CIS to obtain authorisation, it must have a trustee/custodian which is acceptable to the SFC.
錯誤
Trustees/custodians are unusual in the SFC’s regulatory regime as their activities are not “regulated activities” under the SFO, and they are not therefore required to be licensed by or registered with the SFC. However, the SFC does exercise a degree of regulatory oversight through requirements placed on the users of trustees/custodians, such as authorised CISs: for a CIS to obtain authorisation, it must have a trustee/custodian which is acceptable to the SFC.
提示
Reference Chapter:1.8.10
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505/545問題
505. 問題
1 分QID1225:Which of the following persons or institutions are very likely to be licensed or registered to carry out Type 1 regulated activity?
I. Exchange Participants.
II. Registered Institutions.
III. A brokerage firm in Hong Kong.
IV. A securities introducing agent.正確
To conclude this initial definition section, the categories of persons conducting Type 1 RA
include:
(a) a participant of the SEHK, whether it engages in activities on the SEHK or outside it;
(d) an AFI registered with the SFC for this activity (and its staff who deal with the public and are on a register maintained by the HKMA as engaged in such activity);
(e.) a portfolio manager who is licensed (as a securities dealer) for Type 1 RA; and
(f) a securities introducing agent.錯誤
To conclude this initial definition section, the categories of persons conducting Type 1 RA
include:
(a) a participant of the SEHK, whether it engages in activities on the SEHK or outside it;
(d) an AFI registered with the SFC for this activity (and its staff who deal with the public and are on a register maintained by the HKMA as engaged in such activity);
(e.) a portfolio manager who is licensed (as a securities dealer) for Type 1 RA; and
(f) a securities introducing agent.提示
Reference Chapter:1.8.12
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506/545問題
506. 問題
1 分QID806:In terms of Type 1 regulated activity (namely securities trading), persons licensed or registered may include which of the following individuals and institutions?
I. Stock exchange participants, whether it engages in activities on the SEHK or outside it.
II. An AFI registered with the SFC for this activity.
III. A portfolio manager who is licensed (as a securities dealer) for Type 1 regulated activity.
IV. A securities introducing agent.正確
The categories of persons conducting Type 1 regulated activity include:
(a) a participant of the SEHK, whether it engages in activities on the SEHK or outside it;
(b) another securities dealer carrying out dealing in securities in Hong Kong;
(c.) a licensed representative of the above;
(d) an AFI registered with the SFC for this activity (and its staff who deal with the public and are on a register maintained by the HKMA as engaged in such activity);
(e.) a portfolio manager who is licensed (as a securities dealer) for Type 1 regulated activity; and
(f) a securities introducing agent.錯誤
The categories of persons conducting Type 1 regulated activity include:
(a) a participant of the SEHK, whether it engages in activities on the SEHK or outside it;
(b) another securities dealer carrying out dealing in securities in Hong Kong;
(c.) a licensed representative of the above;
(d) an AFI registered with the SFC for this activity (and its staff who deal with the public and are on a register maintained by the HKMA as engaged in such activity);
(e.) a portfolio manager who is licensed (as a securities dealer) for Type 1 regulated activity; and
(f) a securities introducing agent.提示
Reference Chapter:1.8.12
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507/545問題
507. 問題
1 分QID810:M.D. Yu is a seasoned and successful investor. She always brags about her investment track record to her friends. Her friends have provided M.D. Yu with “Tea Money” (Cash for sundry expenses) and have asked M.D. Yu to refer her stock broker to them, allowing them to replicate M.D. Yu’s success. If M.D. Yu agrees to this practice, should M.D. Yu apply for a licence for these activities?
正確
M.D. Yu should apply for a Type 1 License to conduct activities as a securities introducing agent.
錯誤
M.D. Yu should apply for a Type 1 License to conduct activities as a securities introducing agent.
提示
Reference Chapter:1.8.16
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508/545問題
508. 問題
1 分QID2377:Which of the following activity is required to register for Type 1 license?
正確
Providing advice for clients on real estate investment and buying insurance are not regulated activities. Introducing clients to open an account at securities company, and earning money belongs to introducing agents, which is required to register for Type 1 licence. Providing advice for clients on suggestions to trade futures, and earning money belongs to Type 5 activities.
錯誤
Providing advice for clients on real estate investment and buying insurance are not regulated activities. Introducing clients to open an account at securities company, and earning money belongs to introducing agents, which is required to register for Type 1 licence. Providing advice for clients on suggestions to trade futures, and earning money belongs to Type 5 activities.
提示
Reference Chapter:1.8.16
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509/545問題
509. 問題
1 分QID232:If an Authorised Financial Institution wishes to conduct regulated activities as defined by the SFO, which of the following entities should oversee its operation?
正確
AFIs (including banks) that are authorised and regulated by the HKMA and conduct the SFC regulated activities must be registered with the SFC as “Registered Institutions”, such status having been set up as a special category because of the special features of AFIs. They are jointly regulated by the HKMA and the SFC, with the HKMA being the front-line regulator that will apply all SFC regulatory criteria, including fitness and properness and business conduct, other than capital adequacy, the handling of client money and the audit requirements in supervising them.
錯誤
AFIs (including banks) that are authorised and regulated by the HKMA and conduct the SFC regulated activities must be registered with the SFC as “Registered Institutions”, such status having been set up as a special category because of the special features of AFIs. They are jointly regulated by the HKMA and the SFC, with the HKMA being the front-line regulator that will apply all SFC regulatory criteria, including fitness and properness and business conduct, other than capital adequacy, the handling of client money and the audit requirements in supervising them.
提示
Reference Chapter:1.8.2
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510/545問題
510. 問題
1 分QID228:If an AFI wishes to conduct regulated activities as defined by the SFO, which of the following entities should it approach for it to be licensed or registered?
正確
AFIs (including banks) that are authorised and regulated by the HKMA and conduct the SFC regulated activities must be registered with the SFC as “Registered Institutions”, such status having been set up as a special category because of the special features of AFIs.
錯誤
AFIs (including banks) that are authorised and regulated by the HKMA and conduct the SFC regulated activities must be registered with the SFC as “Registered Institutions”, such status having been set up as a special category because of the special features of AFIs.
提示
Reference Chapter:1.8.2
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511/545問題
511. 問題
1 分QID222:Which of the following agencies or individuals may prescribe, by notice in the Gazette, new financial products as being (or not being) securities or futures contracts?
正確
Powers are given to the Financial Secretary to prescribe, by notice in the Gazette:
(a) new financial products as being (or not being) securities or futures contracts, and new financial arrangements as CISs, thus capturing new products in the regulatory net as appropriate (ss. 392 and 393, SFO)錯誤
Powers are given to the Financial Secretary to prescribe, by notice in the Gazette:
(a) new financial products as being (or not being) securities or futures contracts, and new financial arrangements as CISs, thus capturing new products in the regulatory net as appropriate (ss. 392 and 393, SFO)提示
Reference Chapter:1.8.3
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512/545問題
512. 問題
1 分QID347:Which of the following types of interests in Collective Investment
Schemes (CISs) are not considered as securities?
I. A registered Mandatory Provident Fund scheme under the MPFSO or its constituent fund.
II. An occupational retirement scheme under the ORSO
III. A contract of insurance in relation to any class of insurance business under the Insurance Companies Ordinance.
IV. Real estate investments management as stipulated in the Securities and Futures Ordinance.正確
The definition of asset management speaking of managing
“securities”, is specifically includes interests in any CIS; but does not include any interest in a CIS that is:
(a) a registered Mandatory Provident Fund scheme under the MPFSO or its constituent fund;
(b) an occupational retirement scheme under the ORSO; or
© a contract of insurance in relation to any class of insurance business under the Insurance Ordinance.錯誤
The definition of asset management speaking of managing
“securities”, is specifically includes interests in any CIS; but does not include any interest in a CIS that is:
(a) a registered Mandatory Provident Fund scheme under the MPFSO or its constituent fund;
(b) an occupational retirement scheme under the ORSO; or
© a contract of insurance in relation to any class of insurance business under the Insurance Ordinance.提示
Reference Chapter:1.8.3
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513/545問題
513. 問題
1 分QID325:Which of the following are not examples of securities?
I. Shares in a private company
II. Shares in a public company
III. Interests in CISs that are either registered mandatory
provident fund schemes under MPFSO, occupational
retirement schemes under ORSO
IV. Contracts of insurance in relation to any class of insurance
business under the Insurance Companies Ordinance (“ICO”).正確
Securities are defined in Schedule 1, SFO, to cover a wide range of instruments. Options I, III and IV are not covered by this definition.
錯誤
Securities are defined in Schedule 1, SFO, to cover a wide range of instruments. Options I, III and IV are not covered by this definition.
提示
Reference Chapter:1.8.3
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514/545問題
514. 問題
1 分QID1227:Which of the following entities can prescribe other arrangements on security by notice under s. 393 SFO?
正確
Interests, rights or property which are prescribed by the Financial Secretary under s. 392, SFO as securities.
錯誤
Interests, rights or property which are prescribed by the Financial Secretary under s. 392, SFO as securities.
提示
Reference Chapter:1.8.3
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515/545問題
515. 問題
1 分QID328:According to the Securities and Futures Ordinance, the definitions of securities include which of the following?
I. Stock options.
II. Stock futures.
III. All structured products.
IV. Interests in Collective Investment Schemes (CISs).正確
Securities are defined in Schedule 1, SFO, to cover a wide range of instruments, including:
(a) shares, stocks, debentures, loan stocks, funds, bonds or notes;
(d) interests in CISs.錯誤
Securities are defined in Schedule 1, SFO, to cover a wide range of instruments, including:
(a) shares, stocks, debentures, loan stocks, funds, bonds or notes;
(d) interests in CISs.提示
Reference Chapter:1.8.3
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516/545問題
516. 問題
1 分QID326:Which of the following are defined as Securities under s. 392, SFO as securities?
I. CISs
II. Bonds
III. Stocks
IV. Other interests prescribed by the Financial Secretary正確
Securities are defined in Schedule 1, SFO, to cover a wide range of instruments, including:
(a) shares, stocks, debentures, loan stocks, funds, bonds or notes;
(d) interests in CISs;
(f) interests, rights or property which are prescribed by the Financial Secretary under s. 392, SFO as securities.錯誤
Securities are defined in Schedule 1, SFO, to cover a wide range of instruments, including:
(a) shares, stocks, debentures, loan stocks, funds, bonds or notes;
(d) interests in CISs;
(f) interests, rights or property which are prescribed by the Financial Secretary under s. 392, SFO as securities.提示
Reference Chapter:1.8.3
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517/545問題
517. 問題
1 分QID327:The definition of “securities” is extensive and includes
I. Shares, Bonds, Debentures
II. Interests, rights in collective investment schemes
III. Ownership of investment linked Insurance schemes
IV. Interest in any CISs正確
Securities are defined in Schedule 1, SFO, to cover a wide range of instruments. Option III (Investment linked Insurance Scheme) is not covered by this definition.
錯誤
Securities are defined in Schedule 1, SFO, to cover a wide range of instruments. Option III (Investment linked Insurance Scheme) is not covered by this definition.
提示
Reference Chapter:1.8.3
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518/545問題
518. 問題
1 分QID970:Which of the following are examples of security?
I. Listed Stocks
II. Equity Warrants
III. Derivative Warrants
IV. Bonds正確
A security is a tradable financial asset. The term commonly refers to any form of financial instrument including stocks, bonds and warrants.
錯誤
A security is a tradable financial asset. The term commonly refers to any form of financial instrument including stocks, bonds and warrants.
提示
Reference Chapter:1.8.3
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519/545問題
519. 問題
1 分QID220:Which of the following individuals may prescribe other arrangements to the CIS apart from the SFO?
正確
Powers are given to the Financial Secretary to prescribe, by notice in the Gazette:
(a) new financial products as being (or not being) securities or futures contracts, and new financial arrangements as CISs, thus capturing new products in the regulatory net as appropriate (ss. 392 and 393, SFO).錯誤
Powers are given to the Financial Secretary to prescribe, by notice in the Gazette:
(a) new financial products as being (or not being) securities or futures contracts, and new financial arrangements as CISs, thus capturing new products in the regulatory net as appropriate (ss. 392 and 393, SFO).提示
Reference Chapter:1.8.3
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520/545問題
520. 問題
1 分QID2689:To solicit others into buying securities is a?
正確
To solicit others into buying securities is considered as Dealing in Securities. Dealing in Securities is a Type 1 Regulated Activity.
錯誤
To solicit others into buying securities is considered as Dealing in Securities. Dealing in Securities is a Type 1 Regulated Activity.
提示
Reference Chapter:1.8.9
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521/545問題
521. 問題
1 分QID1512:Which of the following activities relating to the marketing of Mandatory Provident Fund (MPF) schemes would trigger the licensing requirement for Type 4 regulated activity (advising on securities)?
I. Comparing advantages and disadvantage of investing in different underlying products and investments.
II. Commenting on the performance, merits and demerits of specific securities relating to MPF products.
III. Advising on the structure of an MPF scheme in relation to the long term objectives of a potential participant.
IV. Giving generic advice on a constituent fund of an MPF scheme that does not include detailed advice on underlying
investments.正確
The issue of an advertisement, invitation or document authorised by the SFC under the provisions of the SFO will not constitute a regulated activity for the purposes of the MPFSO. However, where such an advertisement, invitation or document is issued but is not authorised by the SFO, an offence under the SFO is committed that is punishable by imprisonment and/or a fine whether or not the person in question is a registered MPF intermediary.
錯誤
The issue of an advertisement, invitation or document authorised by the SFC under the provisions of the SFO will not constitute a regulated activity for the purposes of the MPFSO. However, where such an advertisement, invitation or document is issued but is not authorised by the SFO, an offence under the SFO is committed that is punishable by imprisonment and/or a fine whether or not the person in question is a registered MPF intermediary.
提示
Reference Chapter:1.8.9
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522/545問題
522. 問題
1 分QID2687:In order to become a Type 1 representative, which of the following incident will not impact an individuals fit and properness?
正確
Fit and properness do not take into account a person’s age. It only consideres academic records, financial standing, character and experience. Courts disallowing the invidual to practice law and criminal record are evidence of poor character.
錯誤
Fit and properness do not take into account a person’s age. It only consideres academic records, financial standing, character and experience. Courts disallowing the invidual to practice law and criminal record are evidence of poor character.
提示
Reference Chapter:1.9.
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523/545問題
523. 問題
1 分QID1665:SFC will not considered which of the following traits of an applicant’s when assessing the fit and properness of the applicant?
正確
SFC will not considered an applicant’s profitability while assessing its fit and properness.
錯誤
SFC will not considered an applicant’s profitability while assessing its fit and properness.
提示
Reference Chapter:1.9.1
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524/545問題
524. 問題
1 分QID1005:In considering the licence application or registration of Type 2 applicants, the SFC will consider which of the following?
I. The academic qualification of the applicants
II. The applicants’ character
III. The applicant’s experience in the industry
IV. The applicants’ financial status正確
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience (having regard to the nature of the functions to be performed);
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.錯誤
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience (having regard to the nature of the functions to be performed);
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.提示
Reference Chapter:1.9.1
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525/545問題
525. 問題
1 分QID250:The fit and proper guidelines will judge a persons fit and properness by his/her,
I. financial status or solvency
II. historic investment profitability
III. academic attainment and competencies
IV. reputation and integrity正確
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience;
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.錯誤
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience;
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.提示
Reference Chapter:1.9.1
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526/545問題
526. 問題
1 分QID225:Registered Institutions should ensure that their employees who conduct regulated activities are
正確
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines.
錯誤
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines.
提示
Reference Chapter:1.9.1
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527/545問題
527. 問題
1 分QID252:Mr Wan would like to become a licenced representative and conduct securities dealing business. He has already acquired a pass in the Paper 1, Paper 7 and Paper 8 of the Licencing Exam. Which of the following experience of Mr Wan may not have an adverse effect
正確
Option 1, 3 and 4 will adversely affect Mr. Wan to become a licensed representative given the following:
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the
Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience;
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.錯誤
Option 1, 3 and 4 will adversely affect Mr. Wan to become a licensed representative given the following:
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the
Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience;
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.提示
Reference Chapter:1.9.1
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528/545問題
528. 問題
1 分QID249:The fit and proper criteria for SFC licensing of corporations and individuals include matters relating to
I. Financial status or solvency
II. Competence
III. Capability
IV. Character.正確
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience;
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.錯誤
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience;
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.提示
Reference Chapter:1.9.1
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529/545問題
529. 問題
1 分QID2819:The fit and proper guidelines are less considered when processing applications for licences or registrations
正確
Factors to be considered in the Fit and Proper Guidelines:
1. The applicant’s financial situation
2. Whether the applicant has the ability to carry out the regulated activity competently and fairly
3. The character of the applicant
4. Applicant’s academic qualificationsHowever, applicants do not necessarily need a bachelor’s degree or above to meet the requirements, so it is the best out of the 4 options.
錯誤
Factors to be considered in the Fit and Proper Guidelines:
1. The applicant’s financial situation
2. Whether the applicant has the ability to carry out the regulated activity competently and fairly
3. The character of the applicant
4. Applicant’s academic qualificationsHowever, applicants do not necessarily need a bachelor’s degree or above to meet the requirements, so it is the best out of the 4 options.
提示
Reference Chapter:1.9.1
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530/545問題
530. 問題
1 分QID1230:Which of the following are categories of the fitness and properness requirements set by the SFO?
I. Net worth
II. Educational or other qualifications or experience
III. Ability to carry on the regulated activity competently, honestly and fairly
IV. Reputation, character, reliability and financial integrity正確
Both corporate (including officers e.g. directors, managers etc.) and individual applicants for licences or registration have to satisfy fitness and properness requirements. There are four main categories of these fit and proper requirements (s. 129, SFO):
(a) financial status or solvency;
(b) educational or other qualifications or experience (having regard to the nature of the functions to be performed);
(c.) ability to carry on the RA competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.錯誤
Both corporate (including officers e.g. directors, managers etc.) and individual applicants for licences or registration have to satisfy fitness and properness requirements. There are four main categories of these fit and proper requirements (s. 129, SFO):
(a) financial status or solvency;
(b) educational or other qualifications or experience (having regard to the nature of the functions to be performed);
(c.) ability to carry on the RA competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.提示
Reference Chapter:1.9.1
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531/545問題
531. 問題
1 分QID1229:Applicants for licences or registration have to satisfy fitness and properness requirements. The main categories of the fit and proper requirements as stated in the SFO include:
I. the net worth and financial status of the applicant.
II. The educational or other qualifications or experience (having regard to the nature of the functions to be performed).
III. The ability to carry on the regulated activity competently, honestly and fairly.
IV. The reputation, character, reliability and financial integrity.正確
Both corporate (including officers e.g. directors, managers etc.) and individual applicants for licences or registration have to satisfy fitness and properness requirements. There are four main categories of these fit and proper requirements (s. 129, SFO):
(a) financial status or solvency;
(b) educational or other qualifications or experience (having regard to the nature of the functions to be performed);
(c.) ability to carry on the RA competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.錯誤
Both corporate (including officers e.g. directors, managers etc.) and individual applicants for licences or registration have to satisfy fitness and properness requirements. There are four main categories of these fit and proper requirements (s. 129, SFO):
(a) financial status or solvency;
(b) educational or other qualifications or experience (having regard to the nature of the functions to be performed);
(c.) ability to carry on the RA competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.提示
Reference Chapter:1.9.1
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532/545問題
532. 問題
1 分QID861:The SFC will not take which of the following into consideration when measuring an applicants’ competence and integrity?
正確
An individual applicant should meet age requirements (i.e. 18 years for representatives or equivalents) and competence qualifications as listed in the Fit and Proper Guidelines and amplified in the Guidelines on Competence. The competence tests involve experience and educational qualifications. They don’t include investment track records.
錯誤
An individual applicant should meet age requirements (i.e. 18 years for representatives or equivalents) and competence qualifications as listed in the Fit and Proper Guidelines and amplified in the Guidelines on Competence. The competence tests involve experience and educational qualifications. They don’t include investment track records.
提示
Reference Chapter:1.9.1
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533/545問題
533. 問題
1 分QID251:The fit and proper guidelines will judge a person’s fitness and properness by his/her,
I. financial status or solvency
II. Historic investment performance
III. Educational or other qualifications or experience, ability to carry on the regulated activity competently, honestly and fairly; and
IV. Reputation, character, reliability and financial integrity正確
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience;
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.錯誤
The corporate (including its officers e.g. directors, managers, etc.) and individual applicants for licensing or registration have to satisfy fitness and properness requirements stated in the Fit and Proper Guidelines. These relate to:
(a) financial status or solvency;
(b) educational or other qualifications or experience;
© ability to carry on the regulated activity competently, honestly and fairly; and
(d) reputation, character, reliability and financial integrity.提示
Reference Chapter:1.9.1
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534/545問題
534. 問題
1 分QID1235:The Guidelines on CPT set out the SFC’s requirements that the conduct and arrangements of CPT programmes are responsibilities of which of the following organizations or persons?
正確
The Guidelines on CPT set out the SFC’s requirements that, among other things,:
(a) corporations should conduct or arrange CPT programmes best suited for their staff to enhance their industry knowledge, skills and professionalism錯誤
The Guidelines on CPT set out the SFC’s requirements that, among other things,:
(a) corporations should conduct or arrange CPT programmes best suited for their staff to enhance their industry knowledge, skills and professionalism提示
Reference Chapter:1.9.15
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535/545問題
535. 問題
1 分QID256:In which of the following cases can the required number of training hours for Continuous Professional Training (CPT) Guidelines be met?
I. When attending CPT for similar “competence groups”; those who carry on more than one regulated activity are credited with CPT hours for all regulated activities within the same competence group.
II. CPT may be achieved through attending courses, workshops, lectures and seminars; distance-learning; self-study with submission of assignments to recognized institutions; research; publications; speeches and so on.
III. The hours that exceed the prescribed number of hours for CPT can be used to fulfil the requirements for the next year; with no more than 5 hours as the limit.
IV. If the licensee has not engaged in related activities in the year, there is no need to meet the licensing requirements.正確
The SFC has introduced the concept of licensees falling into
different “competence groups”, enabling those who carry on more than one regulated activity to be credited with CPT hours for all regulated activities within the same competence group. CPT may also be achieved through attending courses, workshops, lectures and seminars; distance learning; self-study with submission of assignments to recognised institutions; research; publications; speeches and so on.錯誤
The SFC has introduced the concept of licensees falling into
different “competence groups”, enabling those who carry on more than one regulated activity to be credited with CPT hours for all regulated activities within the same competence group. CPT may also be achieved through attending courses, workshops, lectures and seminars; distance learning; self-study with submission of assignments to recognised institutions; research; publications; speeches and so on.提示
Reference Chapter:1.9.16
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536/545問題
536. 問題
1 分QID257:Mr Ko is a licensed representative of a licensed corporation -Kaohsiung Securities and conduct type 9 activities as a representative. According to the CPT requirement of the SFC, what kind of requirements should Mr Ko satisfy to be fit and proper?
正確
The SFC expects every individual licensee to undertake a minimum of 5 CPT hours every calendar year for each regulated activity, with proportional hours for those who obtained their licences during the year.
錯誤
The SFC expects every individual licensee to undertake a minimum of 5 CPT hours every calendar year for each regulated activity, with proportional hours for those who obtained their licences during the year.
提示
Reference Chapter:1.9.16
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537/545問題
537. 問題
1 分QID1236:The SFC requires every individual licensee to undertake a minimum of how many CPT hours?
正確
The SFC requires every individual licensee to undertake a minimum of five CPT hours every calendar year for each RA, with proportional hours for those who obtained their licences
during the year.錯誤
The SFC requires every individual licensee to undertake a minimum of five CPT hours every calendar year for each RA, with proportional hours for those who obtained their licences
during the year.提示
Reference Chapter:1.9.16
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538/545問題
538. 問題
1 分QID1577:Which of the following form of activity is not a prescribed method of attaining CPT hours under the Guidelines on Continuous Professional Training?
正確
CPT may be achieved through attending courses, workshops, lectures and seminars; distance learning; self-study with submission of assignments to recognised institutions; research; publications; speeches and so on.
錯誤
CPT may be achieved through attending courses, workshops, lectures and seminars; distance learning; self-study with submission of assignments to recognised institutions; research; publications; speeches and so on.
提示
Reference Chapter:1.9.17
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539/545問題
539. 問題
1 分QID1666:Which of the following are not an acceptable method of CPT?
正確
Reading Financial Publications is not an acceptable form of acquiring CPT hours.
錯誤
Reading Financial Publications is not an acceptable form of acquiring CPT hours.
提示
Reference Chapter:1.9.17
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540/545問題
540. 問題
1 分QID1231:An individual applicant should meet age requirements (i.e. 18 years for representatives or equivalents) and competence qualifications as listed in the Fit and Proper Guidelines and amplified in the Guidelines on Competence. The competence tests include which of the following?
I. A relevant person’s experience.
II. A relevant person’s educational qualifications.
III. A relevant person’s past performance in the industry.
IV. A relevant person has not breached any codes or guidelines promulgated by the SFC or other regulators.正確
An individual applicant should meet age requirements (i.e. 18 years for representatives or equivalents) and competence qualifications as listed in the Fit and Proper Guidelines and amplified in the Guidelines on Competence. The competence tests involve experience and educational qualifications.
錯誤
An individual applicant should meet age requirements (i.e. 18 years for representatives or equivalents) and competence qualifications as listed in the Fit and Proper Guidelines and amplified in the Guidelines on Competence. The competence tests involve experience and educational qualifications.
提示
Reference Chapter:1.9.4&5
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541/545問題
541. 問題
1 分QID1232:Which of the following are part of the competence and capability tests of the SFC and HKMA?
I. Experience.
II. Educational qualifications.
III. Performance in the Industry.
IV. An undischarged or recently discharged bankrupt, be currently involved in bankruptcy or similar proceedings or have failed to meet any judgment debt.正確
The competence tests involve experience and educational qualifications.
錯誤
The competence tests involve experience and educational qualifications.
提示
Reference Chapter:1.9.5
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542/545問題
542. 問題
1 分QID2367:Mr. Wan got fined because of a public fight in Singapore last month. Mr. Wan is registering for a license now. He didn’t report this crime to avoid the hassle. Is there any wrong doing with Mr. Wan?
正確
Mr. Wan, provided false information with the SFC, this obviously violates the Securities and Futures Ordinance. Except for light traffic offences, all offences should be reported when registering a license.
錯誤
Mr. Wan, provided false information with the SFC, this obviously violates the Securities and Futures Ordinance. Except for light traffic offences, all offences should be reported when registering a license.
提示
Reference Chapter:1.9.6
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543/545問題
543. 問題
1 分QID1233:Which of the following criteria does the SFC NOT taken into account of when considering an applicant’s character and integrity?
正確
An individual applicant should satisfy the SFC (or the HKMA as appropriate) that he:
(b) has not breached any codes or guidelines promulgated by the SFC or other regulators;
(c) has not been subject to disciplinary action by professional associations;
(d) has not been disqualified by the court from acting as a director, as detailed in the Fit and Proper Guidelines; and
(e) has not been a director or substantial shareholder of, or been involved in managing, an insolvent corporation.錯誤
An individual applicant should satisfy the SFC (or the HKMA as appropriate) that he:
(b) has not breached any codes or guidelines promulgated by the SFC or other regulators;
(c) has not been subject to disciplinary action by professional associations;
(d) has not been disqualified by the court from acting as a director, as detailed in the Fit and Proper Guidelines; and
(e) has not been a director or substantial shareholder of, or been involved in managing, an insolvent corporation.提示
Reference Chapter:1.9.6
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544/545問題
544. 問題
1 分QID1234:Which of the following descriptions about an intermediary’s ability to comply with the capital requirements are accurate?
I. Registered institutions should comply with HKMA’s capital adequacy requirements.
II. Licensed corporation should comply with SFC’s FRR.
III. Licensed corporation should comply with HKMA’s capital adequacy requirements.
IV. Registered Institutions should comply with SFC’s FRR.正確
An intermediary should:
(a) be able to comply with the capital requirements: for licensed corporations the FRR, and for registered institutions the HKMA’s capital adequacy requirements.錯誤
An intermediary should:
(a) be able to comply with the capital requirements: for licensed corporations the FRR, and for registered institutions the HKMA’s capital adequacy requirements.提示
Reference Chapter:1.9.7
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545/545問題
545. 問題
1 分QID2583:Which of the following will the SFC consider in the case of licensing a Type 1 representative?
i. Industry experience and/or educational level
ii. Must have 3 years of work experience in a Type 1 intermediary
iii. Whether or not he/she has been the management of an insolvent corporation
iv. Investment experience正確
Normally, passes in the subjects of [Chinese subject and Mathematics] or [English subject and Mathematics] in the High School Examination is the minimum educational level requirement for become a licensed representative, may or may not with the aid of a certain years of work experience in the industry. Also, if one has been the management of an insolvent corporation recently, it may hold him/her back from obtaining the license. However, you do not need the experience of participating in a type 1 firm as a staff member nor the experience in investment.
錯誤
Normally, passes in the subjects of [Chinese subject and Mathematics] or [English subject and Mathematics] in the High School Examination is the minimum educational level requirement for become a licensed representative, may or may not with the aid of a certain years of work experience in the industry. Also, if one has been the management of an insolvent corporation recently, it may hold him/her back from obtaining the license. However, you do not need the experience of participating in a type 1 firm as a staff member nor the experience in investment.
提示
Reference Chapter:1.9.8
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