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Every licensed financial adviser which receives any

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55.Every licensed financial adviser which receives any insurance moneys shall establish andmaintain a separate account with a _________for its life insurance broking premiums.A. bankB. trust companyC. finance companyD. reinsurance companyC4/2.15/24
56.Peter, your client is assessed as not possessing the knowledge or experience to invest inunlisted Specified Investment Product (SIP), nevertheless chooses to transact in the SIP.Which one of the following statements is false?Financial adviser has to inform the client in writing:C4/2.18/37(b)
57.When recommending on a life policy, a financial adviser does not need to provide his clientwith a copy of the:
Module 5C5/5.1/9(a)(ii)58.Which one of the CMFAS Examinations will apply to an individual advising on and/ormarketing Collective Investment Schemes?
Centre For Excellence13Strictly for internal use only. Based on 5thEdition Text. (1 July 2020)
59.An appointed representative of a financial adviser is required to satisfy minimum entryrequirements.Which of the following is Not correct in respect of the requirements?A.Be at least 18 years oldB.Satisfy the criteria as stipulated by the MAS.C.Examination criteria as set out in MAS Notice FAA-N13.D.Fit and proper criteria as set out in MAS Guideline No: FSG-G01C6/14.1/8.2(a)(vi)
60.Which one of the following customers requires an inquiry into its beneficial owner in relation toa customer under the FAA?
C6/6/6.19 & 6.2061.A financial adviser is required to monitor, on an ongoing basis, its business relation with itscustomers.Which one of the following is NOT required of the financial adviser?

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Term
Spring
Professor
N/A
Tags
Financial services, Collective investment scheme, Financial adviser, financial advisers, Centre for Excellence

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