Assessment: Regulation of the South African Financial Markets 20_21
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Total number of questions: 10
Competency Mark: 65%
Duration: 30 minutes
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Question 1 of 10
1. Question
In general, regulation should comply with which ONE of the following requirements to fulfil its objectives?
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Question 2 of 10
2. Question
In which ONE of the following ways can regulators reduce the risk of failure of financial institutions?.
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Question 3 of 10
3. Question
Which ONE of the following entities provides preservation fund benefits?
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Question 4 of 10
4. Question
Which of the following ombudsman schemes is recognized in term of the Financial Services Ombud Schemes Act as voluntarily ombudsman schemes?
i. FAIS ombud
ii. Banking adjudicator
iii. Pension fund adjudicator
iv. Long-term insurance ombud -
Question 5 of 10
5. Question
Which of the following statements with regard to the financial services sector in South Africa are correct.
i. The Financial Sector Conduct Authority supervises the Johannesburg Stock Exchange in the performance of its regulatory duties.
ii. The prudential authority is a division of the Financial Sector Conduct Authority established in terms of the Financial Sector Regulation Act.
iii. A pension fund must appoint a board of at least four member who act as trustees on behalf of the registered retirement fund.
iv. The Association of saving and investment South Africa set out guidelines and requirements for collective investment schemes. -
Question 6 of 10
6. Question
Which ONE of the following types of collective investment scheme fund is most suitable for an investor who are saving towards their retirement?
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Question 7 of 10
7. Question
There are several new changes and regulatory initiatives in South Africa currently with regard to the financial sector.
Which one of these initiatives is concerned with the manner in which all financial institutions conduct their business with the end users of financial products? -
Question 8 of 10
8. Question
What is the purpose of the Financial Intelligence Centre Act?
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Question 9 of 10
9. Question
Which ONE of the following regulators supervise credit rating agencies?
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Question 10 of 10
10. Question
What is the main objective for the issuing of Codes of Conducts in terms of the Financial Advisor and Intermediary Services Act?