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7 Cards in this Set
- Front
- Back
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If the EU issues regulations in respect of the financial services industry, how would the UK be expected to respond?
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It must implement them without any changes
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When determining the interaction between the UK and EU on the regulation of the financial services industry, the UK government must always
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Implement new EU Directives by passing acts of parliament
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A bank has its own portfolio management team. This would indicate that it
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Provides a discretionary management service
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How are UK government gilts issued and traded?
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New gilts are issued by the debt management office and subsequent trading is done on the London stock exchange
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Public companies usually raise long-term capital by issuing
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Bonds and shares
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What discretion, if any, does the financial services authority have over the decision to implement the requirements laid down by the EU in respect of financial services?
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It has no discretion over any requirements
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Albert a widower aged 66 is reviewing his financial needs and priorities with his financial adviser. If his attention is particularly being drawn to tax planning issues, this would most likely be because he has
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Total assets valued at £750,000
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