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Question 1
Under current regulations of the Philippine Securities and Exchange Commission (SEC), what is the minimum paid-up capital required to incorporate a new investment company (mutual fund)?
Correct Answer:
PHP 50 million
Question 2
According to Section 15 of the Investment Company Act (RA 2629), what is the minimum percentage of the board of directors of an investment company that must NOT be interested persons (i.e., must be independent)?
Correct Answer:
At least 40%
Question 3
Which of the following activities is strictly prohibited for an open-end investment company (mutual fund) in the Philippines under the Investment Company Act?
Correct Answer:
Engaging in short selling transactions
Question 4
Are registered investment companies in the Philippines permitted to purchase securities on margin?
Correct Answer:
No, it is strictly prohibited
Question 5
Under the Investment Company Act (RA 2629), what is the maximum amount that a mutual fund may borrow, and under what conditions?
Correct Answer:
Up to 10% of net assets, for temporary or emergency purposes only
Question 1
Exam overview

About this Exam

Prepare with the SEC Certified Investment Solicitor (CIS) Practice Questions - SEC Phase 2-7A Certified Investment Solicitor (CIS) Exam - Philippines Exam practice quiz. This question bank includes 100 questions covering fund, mutual, investment, company, and securities. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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SEC Certified Investment Solicitor (CIS) Practice Questions - SEC Phase 2-7A Certified Investment Solicitor (CIS) Exam - Philippines Exam

This practice set contains 100 questions from the matching question bank and focuses on fund, mutual, investment, company, and securities. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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