VTC Leveraged Foreign Exchange Trading Examination Paper 1 (Responsible Officer) Set Two

In the Securities and Futures (Fees) Rules, what is the amount of annual fee payable in respect of authorization of a collective investment scheme that maintains more than one fund under Part IV section 104 of the Ordinance which is not limited to a period of less than 12 months?

In the Securities and Futures (Fees) Rules, what is the amount of fee payable on an application under Part IV section 104A(1) of the Ordinance for authorization of a structured product?

In the Securities and Futures (Fees) Rules, what is the amount of fee payable on an application under Part IV section 105(1) of the Ordinance for authorization of the issue of an advertisement, invitation or document other than that in respect of any collective investment scheme which is authorized under section 104 of the Ordinance?

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 is engaged in any judicial or other proceedings.
II. The information related to a person that is a party to a scheme of arrangement.
III. The information related to a person that is in default of compliance with any judgment or court order.
IV. The information related to the address of the registered office of the corporation.

In the Securities and Futures (Licensing and Registration) (Information) Rules, Information to be provided with Applications to Commission by which of the following authority for the provision of the name, correspondence address, contact telephone, facsimile numbers and electronic mail address of each person who is a complaints officer of the applicant?

I. Applications by Registered Institutions.
II. Applications by Deputy Commissioner.
III. Applications by Licensed Representative.
IV. Applications by Licensed Corporations.

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

I. Changes in the basic information in respect of the licensed corporation.
II. Changes in the basic information in respect of each controlling person of the licensed corporation.
III. Changes in the basic information in respect of each person who is a responsible officer of the licensed corporation.
IV. Changes in the basic information in respect of each subsidiary of the licensed corporation that carries on a business in any regulated activity.

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 (Keeping of Records) Rules, how many years of imprisonment will be granted to an intermediary, or an associated entity of an intermediary on summary conviction which with intent to defraud and violating the rules and commits an offense?

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 (Financial Resources) Rules, what is the minimum amount of required liquid capital for the type 6 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, 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 are the haircut percentages for listed shares which are listed on a specified exchange specified in Part 1 of Schedule 3, other than an exchange in the United Kingdom, the United States of America or Japan?

I. Haircut percentage is 20% for being a constituent of the FTSE 100 Index.
II. Haircut percentage is 15% for being a constituent of the Euro Stoxx 50 Index.
III. Haircut percentage is 15% for being a constituent of the Nikkei Stock Average.
IV. Haircut percentage is 20% for not being a constituent of the Euro Stoxx 50 Index.

In the Securities and Futures (Financial Resources) Rules, which of the following time a licensed corporation should submit a return to the Commission in respect of each period of each month at the end of which it remains licensed?

In the Securities and Futures (Financial Resources) Rules, which of the following means of communication is used by a licensed corporation for submission of return to the Commission?

In the Securities and Futures (Financial Resources) Rules, what type of signature is required in the submission of return on behalf of the licensed corporation concerned by a responsible officer?

I. The digital signature of the responsible officer.
II. The manual signature of the responsible officer.
III. No signature of the responsible officer is required.
IV. The electronic signature of the responsible officer.

In the Securities and Futures (Financial Resources) Rules, who will give the written approval to a licensed corporation to adopt an accounting principle?

In the Securities and Futures (Financial Resources) Rules, Where will the licensed corporation be accounted for the purpose of calculating its liquid capital and required liquid capital for all its effected transactions?

In the Securities and Futures (Financial Resources) Rules, which of the following place a licensed corporation that operates a branch must not include in its liquid assets any asset which it is required by an authority under the law of that place?

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.

Which of the following statement best describes the “adjusted liabilities” for the purpose of calculating the variable required liquid capital in relation to a licensed corporation In accordance with the Securities and Futures (Financial Resources) Rules?