Regulatory Show What You Know!

Insurance

100

All employees are responsible to inform the Insurance Compliance Department immediately should they become aware of any market conduct issue. True or False?

TRUE

200

RBC Insurance's Policy on Accessibility includes multi-year accessibility plans to prevent and remove barriers for persons with disabilities in accordance with AODA and similar legislation in other jurisdictions. What does AODA stand for?

AODA is the "Accessibility for Ontarians with Disabilities Act"

300

Name one scenario where Telemarketing Rules do NOT apply.

Telemarketing Rules do not apply for purposes other than solicitation, including: - Emergencies - Account Collection - Collecting Information for a Survey - Conducting Market Research (any 1 of these 4 responses is correct)

Privacy & Security

100

There are tons of “free” games, quizzes and surveys on the Internet designed solely for your personal enjoyment. True or False?

FALSE Nothing is free. Many online games are designed to help collect information about you (e.g. your interests and habits, the kinds of things you like to buy, what you like to do in your spare time) for advertising or other purposes.

200

How many Canadians have their identities stolen each year? A) 6,000 B) 12,000 C) 18,000

B) 12,000

300

The initials I.P. in "IP address" stand for:

Internet Protocol

Wealth Management

100

The contributing spouse to a Spousal RRSP makes all investment decisions and decides when to redeem funds from the plan. True or False?

FALSE The other spouse (i.e. the account owner or “annuitant”) is responsible for making all investment decisions and has control over the funds once in the plan.

200

Ma and Pa would like to open an informal trust joint investment account for Junior. How should this be done? A) Open as joint investment account using Ma and Pa’s existing profiles. B) Open in sole name using a new “In Trust For” profile. C) Open jointly using two new “In Trust For” profiles—one for Ma and one for Pa. D) Too complicated—send them to BMO!

C) Open jointly using two new "In Trust For" profiles—one for Ma and one for Pa.

300

Jim names Richard as executor in his will. Denise is Richard’s Power of Attorney. Jim dies a few years after making his will, by which time Richard is incapacitated. Since Denise is Richard's Power of Attorney, she can act as executor of Jim's estate. True or False?

FALSE