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July/August 2010 HOME

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MARKET TIMING
The Government faces tough choices over when to sell its stakes in RBS, Lloyds TSB and the other banks it rescued. Christopher Thompson looks at when it will act
THREE INTO TWO?
James Gavin asks whether the Chancellor's reform of the UK regulatory landscape will make financial services any safer in future
ALL IN ORDER?
What will the Retail Distribution Review mean for the future of the quickly developing fund platform sector? Hugo Cox and Christopher Bond, Chartered MCSI, find out
KEEPING WITHIN THE LINES
When does corporate hospitality come at the risk of undue influence in your firm’s business?
PLUS: CLEARING AND SETTLEMENT SUPPLEMENT
A special PDF containing four features that review recent developments in clearing and settlement, such as interoperability and platforms
CONFERENCES
PROFESSIONAL COURSES
LONDON EVENTS
REGIONAL EVENTS
NEED TO READ
PROFESSIONAL INTEREST FORUMS
HOLIDAY OFFER
FELLOWSHIP AND MEMBERSHIP ADMISSIONS AND UPGRADES
DEALING IN HIGH NOTES
Roy Phillips, Dealing Director and opera singer
ANNUAL CONFERENCE
CPD MEASUREMENT POPULAR
POSTBAG
CISI PARTNER AT ISLAMIC BANKING SUMMIT
PROFESSIONAL BENEFITS
60-SECOND INTERVIEW WITH ROGER HARROLD MCSI
INSTITUTE LAUNCHES ON LINKEDIN
CISI ANNUAL GENERAL MEETING
1,000TH PERSONAL CHARTER
CISI AWARDS SCHOLARSHIPS
BEST OF THE BLOGS
EXAM WITHDRAWAL
MAPPING SHOWS PCIAM'S VALUE
OBE FOR INDIA STOCKBROKER
ASK THE EXPERTS: PEAK OIL
EX-ANALYST ON GOSPEL SCROLLS
TEST YOUR INDUSTRY KNOWLEDGE
BACK STORY
REFOCUSING STANDARDS
A cautious welcome for the FSA’s plans to involve professional bodies in maintaining industry competence and ethics
MINISTERIAL SKILLS
David Willetts MP, Minister for Universities and Science speaks to Hugo Cox
CLOSING REMARKS
Christopher Brown-Humes on the legacy of finacial services’ tumultuous years
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Quick quiz: test your industry knowledge
Challenge your know-how with the S&IR Quick Quiz, featuring questions from the Chartered Institute for Securities & Investment’s (CISI’s) Professional Refresher elearning product. Modules covered include anti-money laundering and the approved persons regime.

The quiz is just for fun and you can find the answers at the bottom of the Professional Development Events Diary.

Question 1   
Treating Customers Fairly (TCF) is dependent upon which core characteristic of a firm?
A Good accounting records
B An effective governance and management structure
C An effective complaints procedure
D A good marketing department

Question 2   
Before approaching the Financial Ombudsman Service (FOS), complainants must:
A Give the firm against whom they have a complaint a proper opportunity to look into that complaint
B Warn the firm against whom they have a complaint that they are going to the FOS
C Get permission from the FSA
D Engage a lawyer

Question 3   
Under the Financial Services and Markets Act (FSMA), what is the maximum fine that the FSA can impose on someone for market abuse?        
A £1m
B £15,000
C There is no limit
D £100,000

Question 4   
How frequently does a money laundering reporting officer (MLRO) have to make a report to their firm’s board?
A Weekly
B Monthly
C At least quarterly
D At least annually

Question 5   
If a complaint is referred to the FOS, the firm must:
A Cooperate with the FOS and comply with any awards it makes
B Provide the FOS with information on request, but may choose not to comply with awards if it thinks the FOS is mistaken
C Appoint a lawyer to handle its response to the FOS
D Comply with the client’s request for compensation immediately

The 15 CISI Professional Refresher modules are available free to CISI members (normal price £80). For more information, call +44 (0)20 7645 0680 or visit the workbooks and elearning section at cisi.org



Pershing
 
London Metal Exchange
 
1
 
Barclays Wealth
 
FTSE
 
London Business School
 
London Financial Studies