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Reportable transactions types. Financial instruments are, ... on a trading venue (or elsewhere). Lernen beginnen
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Financial instruments are admitted to trading on a trading venue.
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Reportable transactions types. Financial instruments where the underlying is a, __ __ traded on a trading venue. Lernen beginnen
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Financial instruments where the underlying is a financial instrument traded on a trading venue.
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Reportable transactions types. Financial instruments where the underlying is, __ or a basket composed of financial instruments treaded on a trading venue. Lernen beginnen
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Financial instruments where the underlying is an index or a basket composed of financial instruments treaded on a trading venue.
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What does stand for FCA's TMU? Lernen beginnen
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Transaction Monitoring Unit
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What does stand for MiFIR? Lernen beginnen
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Markets in Financial Instruments Regulation (TMU)
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What does stanf for ARMs? Lernen beginnen
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Approved Reporting Mechanisms (ARMs) for example, UnaVista and TRAX.
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UK MiFIR Transaction reporting. Reporting must be undertaken by regulated firms on, ... basis. Lernen beginnen
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on a Trade date +1 basis.
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MiFID II reporting is undertaken on __ and and post-trade transparency reporting obligations. Lernen beginnen
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Trade reporting is single-sided meaning that...? Lernen beginnen
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it only shows the side of the reporting institution.
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Transaction reporting can be dual-sided reporting meaning... Lernen beginnen
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both counterparties to the transaction are in scope.
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MiFID II Transaction Reporting. Reporting must be undertaken by __ __ for equity transactions. t i m e Lernen beginnen
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Unless waivers or deferrals apply.
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MiFID II Transaction Reporting. Reporting must be undertaken by __ __ for in scope non-equity financial instruments. t i m e Lernen beginnen
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Unless waivers or deferrals apply.
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What does UK EMIR stand for? Lernen beginnen
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UK European Market Infrastructure Regulation UK EMIR deal with derivatives, central counterpartie
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UK EMIR deal with derivatives, central counterparties and...? UK European Market Infrastructure Regulation Lernen beginnen
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UK counterparties report under UK EMIR, and EU counterparties report under EU EMIR. Either counterparty to the trade may delegate reporting to a third party such as a central counterparty (CCP),
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UK EMIR became applicable on,...? Lernen beginnen
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... on 31 December 2020, following the Brexit. Under the UK EMIR, all trades in relation to derivatives contracts must be reported to a trade repository.
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Lernen beginnen
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Under UK EMIR, non-UK entities, ... a reporting obligation. " Lernen beginnen
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do not have a reporting obligation. e.g. the London branch of a Canadian bank.
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Lernen beginnen
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Short Selling Regulations Firms must notify via their Electronic Submission System, by 3.30pm on the trading day after the day the position was reached.
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The Short Selling Regulations introduced a private and public notification regime for investors who hold,... in certain financial instruments. (SSR) Lernen beginnen
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Net short position: an investor's total short positions exceed their long positions in the same financial instrument. A short position profits from a price fall, while "net" means all long and short positions are taken into account.
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The Short Selling Regulations gives the FCA powers of intervention during adverse market conditions, for example... Lernen beginnen
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... cxtending the scope of the notification and disclosure regime to include additional financial instruments. also: Requiring lenders to notify any significant change in fees. |Restricting short selling. | Restricting sovereign credit default swap transactions.
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Short Selling Regulations. Can FCA restrict short selling or sovereign credit default swap transactions? (SSR) Lernen beginnen
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What does stand for UK SFTR? (UK SFTR) Lernen beginnen
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UK Securities Financing Transactions Regulations. Introduced on 31 December 2020, following the Brexit.
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The UK SFTR aims to improve transparency and enable regulators to monitor risk by introducing...? UK Securities Financing Transactions Regulations. Lernen beginnen
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reporting requirements for securities finance transactions (SFT) and: limitations on the reuse of collateral.
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What does stand for SETS? Lernen beginnen
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Stock Exchange Electronic Trading Service. SETS Trade reporting is automatic for all trades executed on the LSE’s electronic order books.
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Lernen beginnen
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IOB
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Off-order book transactions are trades executed by one or more member firms traded away from the order book, often over the telephone. These transactions need to reported within...? t i m e Lernen beginnen
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... within 3 minutes of execution
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The trade reporting periond in the LSE system runs from 7.15am to... Lernen beginnen
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If a trade is executed between 7.15am and 8.00am, the report must be submitted before 8.00am. | Regular time trades must submitted before 5.15. | Trades executed outside the trade reporting period, it must be submitted before the start of the next day.
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Who is responsible for the trade report if the two parties to the trade are of the same seniority? Lernen beginnen
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selling member firm that reports the trade.
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What need to be included in the trade report example? Lernen beginnen
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dealing capacity (for example agency or principal) also: whether the trade is a purchase or sale, | settlement due date, | any special conditions (such as ex-dividend trades), |identity of the reporting member and their counterparty | and other obvious detalis.
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Lernen beginnen
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open daily publication of closing prices. used for portfolio valuation purposes.
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Lernen beginnen
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It's used for portfolio valuation purposes.
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For domestic transactions on systems run by the LSE, transaction reports for settlement purposes are also required via CREST by a deadline on... Lernen beginnen
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on 20:00 on the day of trade.
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Lernen beginnen
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Organisation providing online trade confirmations for international equities. (a subsidiary of the US Depository Trust & Clearing Corporation (DTCC)), | 21:00 dedline.
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Following Brexit, UK branches of EEA firms have been required to report transactions they execute to the FCA, as well as their... Lernen beginnen
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Transactions made by UK branches of 3rd-country firms do not have to be reporte, when they have been executed outside the UK.
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General difference between MiFID and Non-MiFID business? Lernen beginnen
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Investment services involving financial instruments (e.g. trading shares, bonds and derivatives, investment advice, portfolio management). | E.g. insurance, mortgages, deposits, and payment services.
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Transaction Reporting. Firms are required to ensure that clients receive adequate reports on the services they provide to them. These must include any... Lernen beginnen
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durable medium, | status of their orders on request, | send a notice confirming the deal details as soon as possible (but no later than on the next business day).
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Client reporting. How long a firm must keep client-reporting records for UK MIFID business? Lernen beginnen
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5 years from the date of dispatch, There are exceptions for certain overseas customers and in respect of Junior ISAs
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Client reporting. How long a firm must keep client-reporting records for OTHER than UK MIFID business (Other business)? Lernen beginnen
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By default Periodic statements must be sent to the client at least... Lernen beginnen
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valuation of the portfolio, performance against benchmarks, CAs event, etc.
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Periodic statements exeption. If the client receives deal-by-deal confirmations, the statement may be sent... Lernen beginnen
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Periodic statements exeption. If the client has authorised that their portfolio be leveraged, the statement must be provided... Lernen beginnen
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Periodic statements exeption. Losses over a pre-agreed limit must be rported to the client the end of... Lernen beginnen
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end of the business day on which the limit is breached.
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Periodic statements exeptions. Depreciation notification must be issue to de client if portfolio fall by...? % Lernen beginnen
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by 10% since the last valuation,
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What does stand for CASS? Lernen beginnen
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safeguarding ofclient money
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Within CASS, there is a requirement to segregate client money from any other money held by the firm. his is achieved by the firm holding the client money in... Lernen beginnen
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CASS 6 contains the custody rules which apply when... Lernen beginnen
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financial instruments of a client related to MIFID and administering investments in releated to non-MFID CASS 6 = custody of client assets
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Lernen beginnen
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Client Money and Distribution Rules CASS 7 = client money
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CASS 7 applies to MiFID, non-MIFID and when firm holds money in respect of... Lernen beginnen
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CASS 5 (client money – insurance mediation activity).
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The title of the client account must distinguish it from any other account held by the firm. A bank must acknowledge this arrangement (of trustee status) within, ... days. Lernen beginnen
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20 business days’ grace period
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There are a number of circumstances in which the client money rules will not apply, for example...? Lernen beginnen
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delivery versus payment (DvP) transaction
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CASS does not apply, for example to...? Lernen beginnen
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Investment company with variable capitals (ICVCs), | Credit institution,| Coins held for the value of their metal, | Money due and payable to the firm,| DvP transaction money.
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CASS does not apply to what kind of institutuions? Lernen beginnen
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credit institutions (n relation to deposits held with themselves as ‘banker’ and not as ‘trustee’)
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The custody rules (CASS 6) and the client money rules (CASS 7) do not apply if a client transfers full ownership of a safe custody asset to a firm for the purpose of... Lernen beginnen
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securing present or prospective obligations.
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