BIBF Financial Advice Programme Practice Questions - BIBF Financial Advice Programme (FAP) Exam

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Under CBB Rulebook Volume 4 (Investment Business), what is the primary scope of activities permitted for an Investment Business Firm licensed under Category 1?

Undertaking all investment business activities, including dealing as principal, dealing as agent, managing investments, safeguarding assets, and operating collective investment undertakings Arranging deals in financial instruments and advising on financial instruments only, with zero custody or dealing authority Providing retail banking deposits and issuing conventional checkable current accounts Solely operating an automated cryptocurrency spot exchange without client suitability obligations

Correct Answer:

Undertaking all investment business activities, including dealing as principal, dealing as agent, managing investments, safeguarding assets, and operating collective investment undertakings

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