FCA - Financial Conduct Authority Practice Test
FCA - Financial Conduct Authority FCA FCA Authorization and Permissions
Under the Financial Services and Markets Act 2000 (FSMA), what is the general prohibition?
Select your answer
A
No firm may carry on a regulated activity in the UK unless authorized or exempt
B
No firm may advertise financial products without FCA approval
C
No firm may employ financial advisers without a license
D
No firm may hold client money without a separate bank account
Hint
