Financial Service Authority

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This topic contains 10 replies, has 2 voices, and was last updated by Avatar of MikeLittle MikeLittle 1 year, 4 months ago. This post has been viewed 40 times

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  • Avatar of hamzaharoon
    hamzaharoon
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    Sir what is the Likelhood or probability that Question Regarding “Financial Service Authority” Like its Objectives and duties are examined? I saw earlier that many students didn’t prepare this topic and call it useless, But what I am observing its a worthy topic to learn and nothing can be predicted for exam! Is it worthy enough to learn or a waste of time or just understand its basic concept only?


    Avatar of MikeLittle
    MikeLittle
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    Tricky question. How dare I suggest that any topic is a waste of time. The probability of it appearing in an exam is low and, in that respect, you may usefully spend your time on topics which historically have proved to be more frequently asked.

    But, in it’s own right, it’s useful – if not for the exam it nevertheless gives a fuller understanding of the work of the FSA. It’s all part of the education process!


    Avatar of hamzaharoon
    hamzaharoon
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    Thanks for your suggestion sir. For Better or Worse, I already learned the topic, I don’t want myself in panic if it appears in exam and even If it didn’t come then I hope it will be useful in future papers, trying my best to give 100%. :)


    Avatar of MikeLittle
    MikeLittle
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    Good on you. Would that all students had your dedicated attitude! :-)


    Avatar of hamzaharoon
    hamzaharoon
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    haha, Thank you sir for your great appreciation :)


    Avatar of hamzaharoon
    hamzaharoon
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    oh yeah one more question and a Simple one:

    Can I say that Insider dealing is a dealing of company’s undisclosed asset, Security,Information or something which is confidential for company which company doesn’t want any outsider to know about it before the relevant time? For Example take example of my previous post clean Ltd, If Des or any other employee of company acquire and sell the formula of the glue to other company isn’t that insider dealing? is the word “Confidential” Appropriate and fitted to the defination of insider dealing ?


    Avatar of MikeLittle
    MikeLittle
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    No, insider dealing is “Dealing in the shares or securities ( quoted instruments ) whilst in possession of unpublished price-sensitive information.” UPSI is inside information which is not yet in the public domain where, when it IS in the public domain, it will likely have a material impact on the market price of the affected security.

    So, no! It’s dealing ( buying or selling ) with the intention of making a profit or avoiding a loss


    Avatar of hamzaharoon
    hamzaharoon
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    Thanks Sir for clearing this misconception :)


    Avatar of MikeLittle
    MikeLittle
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    Hi

    Everytime I check on the “Ask the tutor” page, I check to see if there are any questions since I last posted. If there is, then I go to the site and see that someone has kindly thanked me for my response.

    Now, I really do appreciate your gratitude. Really, I do! And it’s good to know that I, and the other tutors continue to help students from around the World.

    But I have to spend time to check if there are any new posts and it’s using up the scarce resource of my time.

    Would you be dreadfully upset if I asked you not to post your thanks? It’s a strange request, but I hope that you will understand the reasoning behind it. I’ve already read your thanks and deleted it because otherwise I would continue to see it as more recent than my last response ( are you following me here? It seems to be coming out as a ramble! )

    Hamza, we all of us hope that the responses we give are well received and, unless there is a supplementary question, there really is no need for you to thank us. We get our satisfaction from simply providing that assistance.

    If you wanted to click on an advert every now and again, that would be helpful. But only if you feel like it.

    Thank you most sincerely for your politeness but, please, ……

    :-)

    and keep posting your questions, and I’ll keep answering them


    Avatar of hamzaharoon
    hamzaharoon
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    I am very sorry sir for wasting your precious time but next time i’ll be sure not to post my thanks again, actually the service you and other tutors are providing here doesn’t only worth a thanks, but It must be highly appreciated! Thanking you is the least I can do but I will be sure not to waste your time again, I am very glad that you appreciate my gratitude it makes me feel the luckiest student ever :)

    and about clicking the advertisement, haha, I am a critical net user and I know that how this site works, may be you’ll believe me or not but since the day I joined this site, I click advertisements very often like 2 to 3 advertisements in 10 min :D so you don’t need to worry about that :D……

    and at last I would like to ask something important : What is market abuse? it’s defination is written in BPP book but I find it quite difficult to understand, Can you Please provide atleast any one example to explain it? believe me i’ll not post thanks again :)


    Avatar of MikeLittle
    MikeLittle
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    Hi Hamza

    I’m pleased you took my post so understandingly – thanks :-)

    Market abuse? Includes matters such as insider dealing, manipulation of market transactions with the shares and securities of a company, misuse of information available to the abuser which is not generally available to the general public, giving out false information with the expectation that other market users will believe that information, act on it and cause an unwarranted movement of the share price, misleading activities in a company’s shares to pretend that there is “something exciting” about to happen. Others will follow in that belief, the price will rise and the abuser can sell at a profit.

    Occasionally you read that “The directors are not aware of any reason why there should be unusual activity in the company’s shares”

    Those are illustrations of market abuse – it’s basically attempting to manipulate the market value of a traded security hoping to make a profit from the artificially created change in market value

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