VTC Leveraged Foreign Exchange Trading Paper 1 Exam (Representative) Free Trial Set Two

Which of the following authority has the power to waive the payment of any fee in whole or in part provided under the Securities and Futures (Fees) Rules?

In the Securities and Futures (Fees) Rules, what is the extent of the amount of fee if that amount exceeds the Commission may waive the payment of the fee that is prescribed in item 7 of Schedule 1?

In the Securities and Futures (Fees) Rules, what is the amount of fee payable on an application under Part IV section 104(1) of the Ordinance for the authorization of a collective investment scheme that maintains more than one fund?

In the Securities and Futures (Fees) Rules, what is the amount of fee payable for authorization of a collective investment scheme under Part IV section 104 of the Ordinance which maintains more than one fund?

In the Securities and Futures (Fees) Rules, what is the amount of fee payable in respect of authorization of a structured product under Part IV section 104A of the Ordinance?

In the Securities and Futures (Fees) Rules, what is the amount of fee payable in respect of authorization of the issue of an advertisement, invitation or document under Part IV section 105 of the Ordinance other than that in respect of any collective investment scheme which is authorized under section 104 of the Ordinance?

In the Securities and Futures (Fees) Rules, what is the amount of fee payable for the issue of a printed license under Part V section 116 or 117 of the Ordinance if the particulars of a licensed corporation have changed since the issue of the existing printed license?

In the Securities and Futures (Fees) Rules, which of the following conditions an amount of fee $2,000 payable under Part VI of the Ordinance?

I. On an application under section 155(3)(a) of the Ordinance for approval in respect of an alteration of the date on which the financial year ends.
II. On an application under section 155(3)(b) of the Ordinance for approval in respect of the adoption of a period which exceeds 36 months as the financial year.
III. On an application under section 155(3)(b) of the Ordinance for approval in respect of the adoption of a period which exceeds 12 months as the financial year.
IV. On an application under section 155(3)(a) of the Ordinance for approval in respect of an alteration of the date on which the financial year begins.

In the Securities and Futures (Licensing and Registration) (Information) Rules, which of the following particulars of a corporation included in the basic information in relation to a corporation?

I. The corporation incorporated inside Hong Kong, the date of the certificate of registration issued under Part XI of the relevant Ordinance.
II. The addresses of places of business of the corporation.
III. The telephone and facsimile numbers, electronic mail address and web site address of the corporation.
IV. The address of the registered office of the corporation.

In the Securities and Futures (Licensing and Registration) (Information) Rules, which of the following particulars of an individual included in the relevant information in relation to an individual?

I. The information related to an individual that is a substantial shareholder of a corporation that has been subject to any order of the court for fraud, dishonesty or misfeasance, or involved in the management of such corporation or business.
II. The information related to an individual that engaged in any judicial or other proceedings.
III. The information related to an individual in default of compliance with any judgment or court order.
IV. The information related to an individual for the Chinese commercial code and the number on his identity card issued.

In the Securities and Futures (Licensing and Registration) (Information) Rules, which of the following particulars of an individual included in the relevant information in relation to a corporation?

I. The information related to a person that has been convicted with any criminal offense (other than a minor offense) whether or no evidence of such conviction is admissible in proceedings in Hong Kong or elsewhere.
II. The information related to a person for any disciplinary action or investigation by a regulatory body or criminal investigatory body.
III. The information related to a person that is disqualified from holding the office of the director.
IV. The information related to a person for any order of the court or other competent authority for fraud, dishonesty or misfeasance.

In the Securities and Futures (Licensing and Registration) (Information) Rules, which of the following changes in information should be notified by a Licensed Representatives?

I. Changes in the basic information in respect of the licensed representative.
II. Changes in the basic information in respect of each controlling person of the licensed corporation.
III. Changes in the status of any authorization to carry on a regulated activity by an authority in Hong Kong or elsewhere.
IV. Changes in the relevant information in respect of the licensed representative.

In the Securities and Futures (Licensing and Registration) (Information) Rules, which of the following type of particulars of licensed persons should be contained in the register?

I. Social median address of a licensed person.
II. The date of the grant of the license.
III. Electronic mail address and web site address of a licensed person in case of a licensed corporation.
IV. CE number of a licensed person.

In the Securities and Futures (Miscellaneous) Rules, which of the following authority specify the facsimile number for the facsimile transmission of the documents (other than the electronic form) where these are required for the purposes of any provision of the Ordinance to be served on the Commission?

In the Securities and Futures (Miscellaneous) Rules, what should be the method of submission of documents (in case of the electronic form) where these are required for the purposes of any provision of the Ordinance to be served on the Commission?

I. Documents should be delivered by hand.
II. Documents should be sent by post.
III. Documents should be sent by means of such electronic transmission as may be approved by the Commission.
IV. Documents should be sent by electronic mail transmission.

In the Securities and Futures (Miscellaneous) Rules, which of the following conditions imply for the persons prescribed as auditors for the purposes of section 179 of Ordinance?

I. A certified public accountant (practicing) as defined in the Professional Accountants Ordinance (Cap. 50) who provides or provided services to a relevant corporation.
II. Any practice unit within the meaning of the Professional Accountants Ordinance (Cap. 50) that provides or provided services to a relevant corporation.
III. A person appointed to be an auditor of a relevant corporation for the purposes of any enactment of a place outside Hong Kong.
IV. A public accountant as nominated and assigned by Commission.

In the Securities and Futures (Fees) Rules, within how many days after the delivery by the Takeover Panel an additional fee of $20,000 shall be payable by the person to the Commission in respect of each day on which the Takeovers Panel meets for the purposes of the review of any ruling of the Executive?

In the Securities and Futures (Keeping of Records) Rules, what is the period of time, the record under these rules (except any subsidiary legislation) is retained by an intermediary or an associated entity of an intermediary?

In the Securities and Futures (Keeping of Records) Rules, which of the following type of punishments shall be liable to an intermediary, or an associated entity of an intermediary on conviction which with intent to defraud and violating the rules and commits an offense?

I. On conviction liable to imprisonment for 3 years.
II. On conviction liable to a fine of $1,000,000.
III. On conviction liable to imprisonment for 7 years.
IV. On conviction liable to a fine of $3,000,000.

In the Securities and Futures (Contract Notes, Statements of Account and Receipts) Rules, which of the following statement best defines the term “net equity” in relation to a client of an intermediary?

I. The balance in the client’s account at any given time plus any floating profit.
II. The balance in the client’s account at any given time less any floating loss.
III. The balance in the client’s account at any given time after adjusting for any income credited to and charges levied against that account.
IV. The balance in the client’s account at any given time less any floating profit.

In the Securities and Futures (Contract Notes, Statements of Account and Receipts) Rules, how many years of imprisonment should be granted to an intermediary, or an associated entity of an intermediary on conviction on an indictment after contravenes any provision of these Rules that applies to it, with intent to defraud and commits an offense?

In the Securities and Futures (Licensing and Registration) (Information) Rules, who assigns the central entity identification number (CE number) to an intermediary, a licensed representative or an associated entity of an intermediary?

In the Securities and Futures (Licensing and Registration) (Information) Rules, within how many days a notice in writing containing a full description should be given to the Commission after any change takes place in the information specified in Schedule 3?

In the Securities and Futures (Financial Resources) Rules, what is the minimum amount of required liquid capital for the type 3 regulated activity in the case where the licensed corporation in question is an approved introducing agent?

In the Securities and Futures (Financial Resources) Rules, what is the minimum amount of required liquid capital for the type 5 regulated activity in the case where the licensed corporation in question is subject to the specified licensing condition?

In the Securities and Futures (Financial Resources) Rules, what is the minimum amount of required liquid capital for the type 6 regulated activity in any case other than the licensed corporation in question is subject to the specified licensing condition?

In the Securities and Futures (Financial Resources) Rules, which of the following are the haircut percentages for listed shares that are listed on a specified exchange in Japan, being shares that are listed on the Tokyo Stock Exchange, Inc?

In the Securities and Futures (Financial Resources) Rules, which of the following case the issuer of the qualifying debt securities will pay the Haircut Percentage 2% for Qualifying Debt Securities?

In the Securities and Futures (Financial Resources) Rules, which of the following case the haircut percentage is 100%?

I. Haircut Percentages for warrant funds are 100%.
II. Haircut Percentages for structured funds are 100%.
III. Haircut Percentages for Miscellaneous investments are 100%.
IV. Haircut Percentages for illiquid investments are 100%.

In the Securities and Futures (Keeping of Records) Rules, which of the following type of accounting, trading or other records should be kept by an intermediary in relation to the businesses which constitute any licensed regulated activities?

I. An intermediary should keep records that explain, and reflect the financial position and operation of, such businesses.
II. An intermediary should keep records that explain profit and loss accounts and balance sheets that give a true and fair view of its financial affairs to be prepared from time to time.
III. An intermediary should keep a record of account for all client assets that it receives or holds.
IV. An intermediary should keep a record of investment outside Hong Kong by the client.

In the Securities and Futures (Financial Resources) Rules, which of the following conditions are deemed for a licensed corporation that is under a securities borrowing and lending agreement and is the borrower of any securities?

I. The licensed corporation is to remain the owner of any collateral beneficially owned by it and provided by it as security to the lender of the securities under the agreement.
II. The licensed corporation has an amount receivable from that lender equal to the amount of cash provided by it as security to that lender.
III. The licensed corporation is to sell any property owned by it and provided by it as security to the lender.
IV. The licensed corporation has a property equal to the amount of cash provided by it as security to that lender.

In the Securities and Futures (Financial Resources) Rules, which of the following are included as liquid assets in a licensed corporation?

I. Cash in hand which it beneficially owns.
II. Money which it beneficially owns and holds in an account in its name.
III. Money which it beneficially owns and holds in an approved bank incorporated outside Hong Kong in the form of a demand deposit.
IV. Money which it beneficially owns and holds in a segregated account.

In the Securities and Futures (Financial Resources) Rules, what is the percentage of the amount of any guarantee that is included by a licensed corporation in its ranking liabilities for any guarantee, indemnity or other similar financial commitment provided by it?

In the Securities and Futures (Financial Resources) Rules, at what stage a licensed corporation must notify the Commission in writing as soon as reasonably practicable within one business day of becoming aware of the following event?

In the Securities and Futures (Financial Resources) Rules, at what time the licensed corporation that is licensed for Type 1 regulated activity must submit a return in respect of each month to the Commission?

which of the following conditions, the Securities and Futures (Client Money) Rules apply to the client’s money of a licensed corporation?

I. The money that is received from a licensed corporation that is outside Hong Kong.
II. The money that is received on behalf of an associated entity of the licensed corporation, in relation to such conduct of the regulated activity.
III. The money that is received on behalf of the licensed corporation in the course of the conduct of any regulated activity for which the licensed corporation is licensed.
IV. The client’s money of a licensed corporation that has at any time been received by a licensed corporation that is transferred outside Hong Kong.

In the Securities and Futures Ordinance (SFO), which of the following conditions a licensed corporation that holds any amount of client’s money in a segregated account shall retain it?

I. The amount paid to the client of the licensed corporation, being the client on whose behalf it is being held.
II. The amount paid in accordance with a written direction.
III. The amount paid in accordance with a standing authority.
IV. The amount paid according to the directions of the President.

In the Securities and Futures Ordinance (SFO), a standing authority which is not revoked prior to its expiry may be renewed for one or more further periods on which of the following cases?

I. The period not exceeding 12 months, if the client of the licensed corporation who gave it is not a professional investor.
II. The period of only 6 months duration, if the client of the licensed corporation who gave it is a professional investor.
III. The period of any duration 36 months, if the client of the licensed corporation who gave it is not a professional investor.
IV. The period of any duration, if the client of the licensed corporation who gave it is a professional investor.

In the Securities and Futures Ordinance (SFO), how much fine will be paid by a licensed corporation or an associated entity of a licensed corporation which without any reasonable excuse contravenes the rules and commits an offense?

In the Securities and Futures Ordinance (SFO), how much fine will be paid by a licensed corporation or an associated entity of a licensed corporation which with intent to defraud contravenes the rules and commits an offense?