Period of Time Flashcards
An appointed, provisional or temporary representative must inform his principal about any change in his residential address or other personal particulars within ___ days after the date of such change.
7 days
The principal is required to inform the MAS about any change in its appointed, provisional or temporary representative’s residential address or other personal particulars within ___ days after the date of such change.
14 days
LFCM is prohibited from repaying the principal of any preference share, excluding paid-up irredeemable and non-cumulative preference shares, through repurchase or redemption, unless it notifies MAS ___ before the proposed date of repurchase or redemptions
3 months
A LFMC incorporated in Singapore must notify MAS if it draws down on a qualifying subordinated loan _____
Even after maturity of the subordinated loan principal, any repayment is prohibited unless the LFMC notifies MAS ____ the date of repayment
no later than the date of draw down
minimum 1 business day before
According to the rules of Register of Securities, details of any new acquisition of interest in securities must be recorded ____
within 7 days of the acquisition
When the place for keeping the register of LFMC’s interest in securities is changed, it must notify MAS ____
within 14 days from the date of change of place
If there’s any change in particulars of a LFMC or if it stops carrying on regulated activity, it must inform the MAS ______
within 14 days of the change
If the LFMC ceases to conduct business, in all of the regulated activities for which it is licensed, it must return the license to MAS ____
within 14 days
If LFMC is informed by its representative any changes in its representative’s particulars, it must furnish MAS with the particulars of such change _____
within 7 days
If a representative ceases to be an LFMC’s representative, LFMC must furnish the particulars to MAS ____
on the next business day after such cessation
If during an offer for subscription or purchase of securities, a LFMC enters into an underwriting or sub-underwriting agreement, for _____ it’s restricted for a few regulated activities such as make an offer to sell those securities
90 days after the close of the offer
LFMC should submit annual returns (audited) to MAS _____
within 5 months of financial year end
All FMCS must appoint an auditor to audit its accounts, and prepare and submit the required documents to MAS ______
within 5 months after the end of a financial year
The continuing disclosure by a director or CEO is to be made _____ the director or the CEO comes to know about the change
within 2 business days after
Issuers and their officers are advised not to deal in the issuer’s securities during the period commencing ____
1) 2 weeks before the announcement of first three quarterly financial statements and 1 month before the announcement of the annual financial statements
2) 1 month before semi-annual or annual financial statements
CMS license holders and registered fund management companies must lodge a report with the MAS regarding suspicious activities & incidents of fraud ____ after discovery of any such event.
within 5 working days
The manager or the trustee of CIS must notify MAS of any breaches of guidelines or limits set out in the Code _____ after it becomes aware of the breach.
within 3 business days
An FMC must inform the CPF Board of any deviation limit breach of the CPFIG by the Funds under its management _____ of the breach.
within 14 calendar days
Rectification of a breach by a Fund Management Company is required to be notified to the CPF Board ______
Within 7 days of such rectification
The manager and trustee of authorized CIS should report the breach _____ when they aware of it.
within 3 business days
ABC Asset Management appointed a sub-manager to manage a CPFIS unit trust. The sub-manager breaches one of the CPF limits on investments on 22nd June, and informed ABC Asset Management on 24th June. ABC Asset Management should inform MAS ____
within 3 business days
If the trustee allows extension of the deadline for rectification of the breach of CPFIG limit deviation, the FMC must ensure that the trustee informs the CPF Board _____ of its agreement to the extension.
The FMC may also provide evidence of the trustee’s agreement to the extension ____ , and must inform the CPF Board ____ of the rectification of the breach.
If a FMC is not able to rectify the 5% deviation limit breach within the prescribed timeline and is not able or does not obtain an extension from the trustee, he must report such breach to the CPF Board _____ of the occurrence of the breach.
within 7 calendar days
within 7 calendar days
within 7 calendar days
within 14 calendar days
Upon suspicion, an investigation should be carried out by Compliance and Management, and a STR should be filed _____
within 15 days of suspicion
The manager of CIS needs to prepare half-yearly financial statements and the audited financial statements for the semi-annual and annual report _____
within 3 months right after the end of the financial year
The trustee of CIS needs to send semi-annual accounts and semi-annual reports ______ to the participants of the CIS.
The trustee of CIS needs to send annual accounts, the auditors’ report of the annual accounts, and annual report ______ to the participants of the CIS.
within 2 months from the end of the relevant period
within 3 months from the end of financial year of the CIS
If the home financial supervisory authority of an underlying scheme of a CIS imposes or alters any conditions related to its authorization, MAS should be informed _____ after the responsible person of the authorized CIS comes to know of the new conditions
within 14 days
The manager must inform MAS and the participants about any significant change to be made to the CIS _____ before the change is to take effect
no later than 1 month
The responsible person of a CIS, i.e. the manager of a unit trust, who intends to wind up the CIS must be give ____ written notice to MAS about the proposed winding up
minimum 7 days prior
The trustee of CIS must send the reports upon termination or maturity of CIS to MAS ____ of the termination or maturity date of the CIS.
within 2 weeks
Reports on CIS termination/maturity should be kept by the trustee at its registered office for ____
six years
An interim stop order can be in force for a period of ____ from which its is served
14 days
The offeror must distribute all monies to the applicants ____ from the date of the stop order if the contributions have not been invested as per the CIS
within 7 days
For funds being included under the CPFIS, it’s preferably have a track record of ____
3 years
For FMCs to manage FMAs, they need not submit a separate application to manage FMAs.
They need to write to the CPF Board along with a copy of their standard investment management agreement and forms for managing FMAs ____ before they start offering FMA services to the CPF members.
Minimum 2 weeks
Whenever requested by the CPF Board, FMCs must send the disclosure reports to the CPF Board _____ of such request
Within 1 week
FMC must make basic analytical data to the FTC, so that the performance and risk monitoring report can be made available to the CPF members at least ____
once every quarter
If the 5% deviation limits on investment are exceeded under “certain conditions”, the FMC must sell enough securities or units to ensure that the fund reverts to compliance with the 5% limit _____
within 3 months
All institutions are required to comply with a Production Order issued under the CDSA by the High Court _____ from the order date or the period stipulated in the Order
Within 7 days
What is the given timeframe for CMS license holders in the lodgment of annual accounts with the MAS each financial year _____
within 5 years
The register of securities should be easily accessible and retained for at least ____ after the date of each specific entry
5 years
An authorized CIS included in the CPFIS is required to submit the Annual External Auditor’s report on the fund to the CPF Board _____ from close of the financial year of the fund
within 3 months
If a representative of a Fund Management Company (FMC) ceases to be its representative, the FMC is required to notify MAS _____
on the next business day of the cessation
If the Licensed FMC ceases to conduct business in all of the regulated activities for which it is licensed, it must return the license to MAS _____
within 14 days
During the year, a LFMC is required to submit a Statement of financial resources, total risk requirement and aggregate indebtedness to the MAS on a ____ basis
quarterly
Fund Management Companies are required to inform the CPF Board ____ they start offering Fund Management Account services to the CPF members
at least two weeks before
FMCs included in the CPFIS are required to submit returns to confirm their continuing compliance with admission criteria.
The returns are required to be submitted _____
within one month of completion of the quarter.
The FMC are required to report to the INVESTMENT CONSULTANT about changes in investment mandates of key personnel once every ____
six months
Fund management companies domiciled outside Singapore are required to confirm to the CPF Board of the official launch date of a new fund included into the CPFIS at least _____ before the launch
three days
When a related financial institution with which the Fund has placed monies cease to meet the requisite minimum rating, the FMC must either withdraw the monies as soon as possible, but in any event within ___ or seek extension for fixed deposits.
1 month
The status of an appointed, provisional or temporary representative in respect of any regulated activity has to be ceased to act as a representative for a continuous period of ____
1 month
