Free Sample Question
CFA Code of Conduct

Under the Corporate Finance Adviser Code of Conduct, what would a corporate finance adviser be expected to do if faced with a conflict of interest?

A
Withdraw or refuse to accept a mandate where there is a material conflict of interest that cannot be resolved by the client giving informed consent
B
Accept a mandate when there is a material conflict of interest with the client, provided separate deal teams are established and a Chinese wall exists between the two teams
C
Accept the mandate where there is a material conflict of interest with the client, provided that the conflict is disclosed to the client before the mandate is accepted
D
Accept the client mandate
Takeovers and Mergers

Which of the following are covered by the SFC Codes on Takeovers, Mergers and Share Buy-backs?

  1. Overseas listed companies with fifty or more Hong Kong citizen investors
  2. GEM listed companies
  3. Hong Kong public companies
  4. Companies with a primary listing of their equity securities in Hong Kong
A
I only
B
I, II and III only
C
II, III and IV only
D
I, II, III and IV
Listing Application

Hopeco is preparing to apply for a listing on the Main Board of the Stock Exchange of Hong Kong.  To which body should Hopeco submit its application for listing?

A
Listing Division
B
Listing Committee
C
Registrar of Companies
D
Share Registrar
Offer for Subscription

What is an offer for subscription?

A
An offer of securities to the public by or on behalf of holders of securities already in issue
B
A sale of securities to a selected group of persons rather than to the general public
C
The offer of a right to existing shareholders to subscribe for additional securities
D
An offer of new securities to the public by or on behalf of an issuer
Takeovers Code

Which of the following offers would NOT require adherence to the Takeovers Code?

A
An offer for the shares of a company with a secondary listing in Singapore and a primary listing in Hong Kong
B
A share buy-back by general offer
C
An offer for non-voting, non-equity capital of a listed company
D
An offer for a Hong Kong public company