Cyprus Securities And Exchange Commission Quiz

2.

Which one of these is not the responsibility of CySEC?

To grant operation license to investment firms
To supervise mutual fund management company
To assist and grant loans for wages of workers in registered firms
To impose administrative sanctions on brokers

Correct Answer

A. To assist and grant loans for wages of workers in registered firms

Explanation

CySEC, the Cyprus Securities and Exchange Commission, is responsible for regulating and supervising the financial markets and investment services in Cyprus. However, it is not responsible for assisting and granting loans for wages of workers in registered firms. This responsibility falls under the jurisdiction of other financial institutions or government agencies. CySEC's main responsibilities include granting operation licenses to investment firms, supervising mutual fund management companies, and imposing administrative sanctions on brokers who violate regulations.

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3.

Which of these is the structure of administration board members?

Five members and the chaiman and his vice
Two members and the chairman and his vice
Seven members and the chairman and his vice
Three members and the chairman and his vice

Correct Answer

A. Three members and the chairman and his vice

Explanation

The correct answer is "Three members and the chairman and his vice." This means that the structure of the administration board consists of three members along with the chairman and his vice.

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4.

Who is the current chairwoman of CySEC?

Kalogerou Christina
Eleni Maddison
Demetra Kalogerou
Panayiota Samuel

Correct Answer

A. Demetra Kalogerou

Explanation

Demetra Kalogerou is the current chairwoman of CySEC. She was chosen for this position due to her qualifications and experience in the financial industry. Kalogerou has been with CySEC for many years and has held various positions within the organization. Her expertise in financial regulation and her commitment to ensuring the stability and integrity of the Cyprus securities market make her the ideal candidate for the role of chairwoman. Her leadership and strategic vision have been instrumental in shaping the regulatory framework of CySEC and maintaining its reputation as a respected financial authority.

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5.

When did Cyprus became a member of the EU and also the European MiFID?

2005
2004
2001
1991

Correct Answer

A. 2004

Explanation

Cyprus became a member of the EU and the European MiFID in 2004. This means that in that year, Cyprus officially joined the European Union and also adopted the European MiFID (Markets in Financial Instruments Directive) which is a regulatory framework for financial markets.

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6.

What is the new policy used for the financial instrument in CySEC?

Binary options
PEC
Convertible bonds
Simple bonds

Correct Answer

A. Binary options

Explanation

The new policy used for the financial instrument in CySEC is binary options. Binary options are a type of financial instrument where traders can predict the outcome of an asset's price movement within a certain time frame. This policy may involve regulations and guidelines set by CySEC to ensure fair and transparent trading of binary options within the financial market.

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7.

How many years do the members of the management board use per term?

10
4
5
3

Correct Answer

A. 5

Explanation

The members of the management board use 5 years per term. This suggests that the term length for members of the management board is 5 years.

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8.

Which of these best describes CySEC?

A company
A regulatory body
Investment consultants
Mutual fund management company

Correct Answer

A. A regulatory body

Explanation

CySEC stands for the Cyprus Securities and Exchange Commission, which is the regulatory body responsible for overseeing and regulating the financial markets in Cyprus. They are in charge of ensuring the fair and transparent operation of the securities market, protecting investors, and maintaining the integrity of the financial system. Therefore, the best description for CySEC is a regulatory body.

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9.

Which of these is a certificate offered by CySEC?

Diploma legal financial framework
Postgraduate diploma in entrepreneur
Basic financial services legal framework
Bachelor of business administration

Correct Answer

A. Basic financial services legal framework

Explanation

The correct answer is Basic financial services legal framework. This certificate is offered by CySEC, which stands for the Cyprus Securities and Exchange Commission. CySEC is the financial regulatory agency of Cyprus and is responsible for overseeing and regulating the financial services industry in the country. The Basic financial services legal framework certificate is likely a qualification that provides individuals with knowledge and understanding of the legal framework surrounding financial services in Cyprus.

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10.

Which of these is not a brokerage in Cyprus?

TradeStation
FX Central Clearing Ltd.
Brokercreditservice Ltd.
Eurivex Investment Firm

Correct Answer

A. TradeStation

Explanation

TradeStation is not a brokerage in Cyprus. While FX Central Clearing Ltd., Brokercreditservice Ltd., and Eurivex Investment Firm are all brokerage firms in Cyprus, TradeStation is not listed as a brokerage in Cyprus.

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Cyprus Securities And Exchange Commission Quiz

When was CySEC formed?

Quiz Preview

Which one of these is not the responsibility of CySEC?

Which of these is the structure of administration board members?

Who is the current chairwoman of CySEC?

When did Cyprus became a member of the EU and also the European MiFID?

What is the new policy used for the financial instrument in CySEC?

How many years do the members of the management board use per term?

Which of these best describes CySEC?

Which of these is a certificate offered by CySEC?

Which of these is not a brokerage in Cyprus?