VTC Leveraged Foreign Exchange Trading Paper 2 Exam (Responsible Officer) Free Trial Set Two

In the Securities and Futures (Keeping of Records) Rules, at what time the accounting, trading or other records kept by an intermediary in relation to the businesses should be reconciled?

In the Securities and Futures (Financial Resources) Rules, which of the following type of information is included in the return submitted by a licensed corporation to the Commission in respect of each month at the end of which it remains licensed?

I. An analysis of its margin clients, as at the end of the month.
II. Its value of investment outside Hong Kong, as at the end of the month.
III. An analysis of its rolling balance cash clients, as at the end of the month.
IV. An analysis of collateral received from its margin clients, as at the end of the month.

In the Securities and Futures (Financial Resources) Rules, what is the minimum amount of required liquid capital for the Type 1 regulated activity in any case other than the licensed corporation in question is an approved introducing agent or trader?

In the Securities and Futures (Financial Resources) Rules, which of the following does not include for any assets or instrument that is held by a person in terms of miscellaneous investment?

I. Any asset or instrument held by a person for the purpose of a bank deposit.
II. Any asset or instrument held by a person for the purpose of resale.
III. Any asset or instrument held by a person for the purpose of a specified investment.
IV. Any asset or instrument held by a person for the purpose of an illiquid investment.

In the Securities and Futures (Financial Resources) Rules, who specifies the form of the return under section 402 of the Ordinance that is submitted by a licensed corporation in respect of each month?

In the Securities and Futures Ordinance (SFO), which of the following specifies the order for cost by the arbitrator for any arbitration proceedings?

I. The order of cost shall specify the terms of reference in which order is made.
II. The order of cost shall specify the parties to and by whom payment shall be made.
III. The order of cost shall specify the time limit for making the payment.
IV. The order of cost shall specify the amount of fees of the arbitrator.

Which of the following statements define the “floating profits” in the Securities and Futures (Financial Resources) Rules?

I. Floating profits mean unrealized profits calculated by marking to market an open position in a futures contract.
II. Floating profits mean unrealized profits calculated by marking to market an open position in any securities.
III. Floating profits mean unrealized profits calculated by marking to market a closed position in an options contract.
IV. Floating profits mean unrealized profits calculated by marking to market an open position in a derivative contract.

In the Securities and Futures Ordinance (SFO), where will the documents and information be submitted before presenting to the arbitrator during the hearing of arbitration proceedings?

In the Securities and Futures Ordinance (SFO), which of the following information is required in the submission of notice for the name of any witness to the arbitrator and to the other party in the arbitration process?

I. The name and address of the witness.
II. The medical certificate of the witness.
III. The language in which the witness will give his testimony.
IV. The subject matter of the witness’s testimony.

In the Securities and Futures Ordinance (SFO), which of the following type of correction in the award can be requested by the party to the arbitrator within 14 days after the receipt of the award?

I. Any clerical errors in the award.
II. Any typographical errors in the award.
III. The final verdict of the award.
IV. No correction is made in the award.

Which of the following statement satisfies the condition of payable fee on an application under section 38D or 342C of the Companies (Winding-Up and Miscellaneous Provisions) Ordinance for authorization for registration of a prospectus?

I. The fee payable is $10,000 in the case of warrant issue prospectus.
II. No fee payable in the case of any prospectus relating to interests in a collective investment scheme.
III. The fee payable is $15,000 in the case of warrant issue prospectus.
IV. The fee payable is $10,000 in the case of any prospectus relating to interests in a collective investment scheme.

In the Securities and Futures (Fees) Rules, what is the applicable value for the amount of fee $75,000 that is Prescribed for Purposes of Section 395(1)(a)(ii) of Ordinance (SFO)?

In the Securities and Futures (Fees) Rules, what is the amount of fee payable for the applicable value which exceeds $2,000,000,000 that is Prescribed for Purposes of Section 395(1)(a)(ii) of Ordinance (SFO)?

In the Securities and Futures (Fees) Rules, which of the following statement describes the prescribed fee payable under Part V of Ordinance (SFO)?

I. Prescribed fee payable under section 120(1) of the Ordinance on an application for the grant of a license for a licensed representative is $2,420 for each regulated activity other than Type 3 regulated activity.
II. Prescribed fee payable under section 120(1) of the Ordinance on an application for the grant of a license for a licensed representative is $2,420 for Type 3 regulated activity.
III. Prescribed fee payable under section 120(1) of the Ordinance on an application for the grant of a license for a licensed representative is $1,790 for each regulated activity other than Type 3 regulated activity.
IV. Prescribed fee payable under section 120(1) of the Ordinance on an application for the grant of a license for a licensed representative is $1,790 for Type 3 regulated activity.

In the Securities and Futures Ordinance (SFO), intermediaries that are providing securities, futures and foreign exchange services in most financial markets throughout the world are required to be authorized by which of the following authority?

In the Securities and Futures Ordinance (SFO), The Fit and Proper Guidelines apply to which of the following persons?

I. An individual who applies for a license or is licensed under Part V of the SFO.
II. A licensed representative who applies for approval or is approved as a responsible officer under Part V of the SFO.
III. A corporation that applies for a license or is licensed under Part V of the SFO.
IV. An authorized financial institution that applies for registration or is registered under Part V of the SFO.

In the Securities and Futures Ordinance (SFO), which of the following authority obliged to refuse an application to be licensed if the applicant fails to satisfy the that he is a fit and proper person to be licensed?

In the Securities and Futures Ordinance (SFO), how much fee will be paid by any person who wants to inspect the list of arbitration panel members which made by the clerk?

In the Securities and Futures Ordinance (SFO), which authority is entitled by the client for the settlement of any dispute, where a licensed corporation has sent the client a written notice and the client has not responded within 14 days?

In the Securities and Futures Ordinance (SFO), how much fee will be paid by the client or licensed corporation after sending a copy of the written notice to the clerk for filing?