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CELE SQE1 模拟练习

Examination Timing: 00H00M01S

You are approached by a client interested in investment trust savings schemes. You refer the client to an investment bank authorised by the FCA to provide advice on these schemes. Your supervisor reminds you to comply with rule 5(1) of the SRA Financial Services (Scope) Rules 2001 ("Scope Rules"), which states that "A firm must not recommend, or make arrangements for, a client to buy a retail investment product." Which of the following best describes the principle of rule 5(1) of the Scope Rules?

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Rule 5(1) of the Scope Rules prohibits a firm from recommending or making arrangements for a client to buy a retail investment product. However, obtaining advice from an Authorised Third Person (ATP) is not restricted, provided the ATP gives the advice and the solicitor does not endorse it. Similarly, advising on or arranging the sale of retail investment products is not restricted, nor is arranging for the assignment of a client's rights.

Key Point: This question assesses understanding of rule 5(1) of the SRA Financial Services (Scope) Rules 2001, crucial for ensuring that solicitors comply with restrictions on recommending and arranging retail investment products.



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