Insider Dealing Compliance Issues And Cases Test

10 Questions | Total Attempts: 146

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Compliance Training Quizzes & Trivia

Thank you for attending the training online. To be entitled to certificate of completion, please take this assessment test. The test contains 10 questions that you will need to answer 5 questions correctly in order to be entitled to certificate of completion. There will only be 2 attempts of this assessment test and no refund will be made for any failure of the test and certificate of completion will not be issued. Let's take the test!


Questions and Answers
  • 1. 
    What is the maximum fine for a criminal offence of insider dealing under Hong Kong Laws?
    • A. 

      HK$1 million

    • B. 

      HK$10 million

    • C. 

      HK$100 million

  • 2. 
    Who is connected person of a listed company?
    • A. 

      Director

    • B. 

      Employee

    • C. 

      Substantial Shareholder

    • D. 

      All of the above

  • 3. 
    Hong Kong SFC has the dual power to conduct both civil (before the Market Misconduct Tribunal) and criminal (before the court) proceeding.‚Äč
    • A. 

      True

    • B. 

      False

  • 4. 
    Peter is a Director of a listed company who discloses price sensitive and confidential information to his girlfriend for conducting insider dealing. What is Peter's role?
    • A. 

      Tipper

    • B. 

      Tippee

    • C. 

      Innocent Agent

  • 5. 
    Andrew is the lawyer handling a transaction for an acquisition for a listed company. Is Andrew a connected person to this listed company?
    • A. 

      Yes

    • B. 

      No

  • 6. 
    The definition of Non-public Price Sensitive Information (PSI) under the Securities and Futures Ordinance means specific information about the following:
    • A. 

      A corporation

    • B. 

      A shareholder or an officer of the corporation

    • C. 

      The listed securities or derivatives of the corporation

    • D. 

      All of the above

  • 7. 
    Which of below is NOT a statutory defence under S.271 of the Securities and Futures Ordinance relating to insider dealing?
    • A. 

      No Motive

    • B. 

      Good Faith

    • C. 

      Innocent Agent

    • D. 

      Reasonable use

  • 8. 
    Which of below is NOT sanction or order relating that Market Misconduct Tribunal can impose relating to insider dealing? 
    • A. 

      Disqualification order of not allowing a relevant person continuing to act as director

    • B. 

      Cold shoulder order

    • C. 

      Winding Up Order

  • 9. 
    The Market Misconduct Tribunal can prohibit a person from being a director, liquidator, receiver or manager of a listed company for a period not exceeding 5 years.
    • A. 

      True

    • B. 

      False

  • 10. 
    Insider dealing may be prevented if a SFC licensed corporation:
    • A. 

      Provides more compliance training to staff

    • B. 

      Keeps a restricted list for relevant stocks

    • C. 

      Reviews Chinese wall policy from time to time to ensure compliance

    • D. 

      All of the above

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