CACS Paper 1 (Set 2)

$19.90

80 Questions & Answers Category:

 
6 Oct 2022
CACS Paper 1 Exam Question:

Shares of a Private Trust Company (PTC) held by a Purpose Trust are ultimately owned by the:

a) Company Directors

b) Trustee

c) Settlor

d) There is no ultimate owner of the shares

The CACS Paper 1 examination comprises of 80 questions, time given is 2 hours and the passing mark is 75%.

 

CACS Paper 1 (Set 2)

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  • CACS Paper 1 (Set 1)

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    6 Oct 2022
    CACS Paper 1 Exam Question:

    A Covered Person of a Covered Entity is not allowed to be an appointed representative of more than one principal:

    a) unless their principals are related corporations.

    b) unless they work in a specialised unit serving High Net Worth Individuals (HNWIs) only.

    c) unless they solely conduct venture capital fund management.

    d) under all circumstances.

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