CMFAS M3 (Set 2)

SGD 29.90

5 Aug 2019

CMFAS M3 Exam Question

Which of the following statements regarding a Fund Management Company (FMC) is false?

a) If a FMC’s managed assets are not subject to independent custody arrangements, the FMC is required to disclose this fact to the investors and to obtain their acknowledgement.

b) FMCs are required to provide investors with an audit report of the assets each year.

c) FMCs that manage private equity and venture capital funds are not required to comply with client segregation requirements in respect of client moneys.

d) A FMC that acts as investment adviser to another investment manager should satisfy itself that the assets that it advises on are subject to independent custody.

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  • CMFAS M3 (Set 1)

    SGD 29.90 Add to cart

    5 Aug 2019

    CMFAS M3 Exam Question

    An FMC conducting fund management activity should report which of the following as assets under the FMC’s non-discretionary management?

    a) The moneys contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.

    b) The moneys and equity contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.

    c) The moneys and debt contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.

    d) The moneys and assets contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.