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The document outlines broad weighting for financial markets and institutions, ethics, regulation and legal concepts, client advice, and UK taxation, supported by exam format and study guidance. 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The following question allocation for Version 13 of the IMC is provided as a broad indication of the relative ‘weighting’ of different parts of the syllabus in IMC examinations from 1 December 2015.  \n\n| CONTENT AREA | TOPIC | TOPIC NAME | QUESTION ALLOCATION |\n| --- | --- | --- | --- |\n| Financial markets andinstitutions | 1 | Financial Markets and Institutions | 10–20 |\n| Ethics | 2 | Ethics and Investment Professionalism | 5–15 |\n| Regulation and legal concepts | 3 | The Regulation of Financial Markets and Institutions | 25–35 |\n|  | 4 | Legal Concepts |  |\n| Clients | 5 | Client Advice | 15–25 |\n| Taxation | 6 | Taxation in the UK | 10–20 |\n\nOTHER INFORMATION REGARDING THIS UNIT:  \nExam format: 􀁸 85 questions  \n􀁸 Online testing using standard multiple choice, item sets and gap-fill style questions  \nTime allowed for exam: 1 hour and 40 minutes  \nGrades: Pass or fail  \nStudy materials: 􀁸 Official Training Manual v.13 is availbale from the CFA  \nUK website, including revision questions with fully worked calculations  \n􀁸 Mock exam available in the Candidate Area of the CFA UK website  \nRecommended study hours: 80 hours  \nAvailability of exam sessions: Every working day through Pearson VUE testing centres  \nAlthough we do not rigidly fix the pass mark the pass mark seldom varies from between 65% and 75% of all scored questions. Candidates should aim for this in their mock exam.  \nThere are no test ‘hurdles’ in the IMC. To pass the examination, candidates need to achieve an overall pass score regardless of where the marks were distributed throughout the examination. It is not necessary to pass each topic area to pass overall.  \n1. The US regulator with authority over security based swaps is:  \n(a) The Commodity Futures Trading Commission  \n(b) The European Securities and Markets Authority  \n(c) The Depository Trust & Clearing Corporation  \n(d) The Securities and Exchange Commission  \n2. Standard settlement for an equity transaction on the London Stock Exchange is:  \n(a) T+1  \n(b) T+2  \n(c) T+3  \n(d) T+4  \n3. To comply with the Conduct of Business rules for communications with a retail client it is NOT necessary for an authorised firm to give the client:  \n(a) Notification when any product offered places the client’s capital at risk  \n(b) Information that the Financial Conduct Authority is the regulator  \n(c) The maximum return possible over the investment period whenever a yield figure is given  \n(d) A fair, clear and not misleading impression of the producer or manager of any underlying investments of any packaged products offered  \n4. In respect of a Lasting power of attorney (LPA) taken out in 2014, the LPA:  \n(a) Need not be registered  \n(b) Must be registered with the Office of Public Guardian  \n(c) Must be registered with the Financial Conduct Authority  \n(d) Must be registered with the Office of the Lord Chancellor  \n5. A professional client can be treated as a ‘qualified investor’ if they have:  \n(a) A security portfolio of €750,000 and have worked for seven months in a professional capacity in the financial sector requiring knowledge of security investment  \n(b) Carried out thirty five security market transactions over €10,000 in the last year and a security portfolio of €1,200,000  \n(c) Carried out an average of fifteen security market transactions over €1,000 for the last four quarters and worked for thirteen months in a professional capacity in the financial sector requiring knowledge of security investment  \n(d) A security portfolio of €15,200,000  \n6. The financial state where a company is temporarily unable to pay its bills would be best described as:  \n(a) Insolvency  \n(b) Bankruptcy  \n(c) Dissolution  \n(d) Intestacy  \n7. Which of the following will require Part 4A authorisation if carrying out a regulated act","cbCaieG5jgDVONtp","https://ap.wps.com/l/cbCaieG5jgDVONtp","pdf",446701,23,"English","# Exam overview\n## Question allocation by content area\n## Other information regarding this unit\n# Practice questions\n## Multiple-choice questions (1-12)","[{\"question\":\"What is the exam format and how many questions are included?\",\"answer\":\"The exam format includes 85 questions. Testing is online using standard multiple choice, item sets and gap-fill style questions.\"},{\"question\":\"How long is the exam and what are the grading results?\",\"answer\":\"Candidates are allowed 1 hour and 40 minutes. Results are Pass or fail.\"},{\"question\":\"Which syllabus content areas are weighted in Version 13?\",\"answer\":\"Version 13 provides weighting across financial markets and institutions, ethics, regulation and legal concepts, client advice, and taxation in the UK.\"}]","IMC Unit 1 - The Investment Environment - Mock Exam Two - Version 13 | PDF",1790754730,58]