Exam ICWIM Topic 1 Question 121 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 121
Topic #: 1
An execution-only sale usually means a sale where there is an absence of:

Suggested Answer: B Vote an answer

An execution-only sale occurs when a broker executes a trade without providing financial advice.
* Key Features of Execution-Only Trading:
* The client chooses the investment without guidance.
* The broker only executes the trade (no suitability checks).
* Typically used by experienced investors.
* Regulatory Implications:
* Under FCA rules, execution-only firms are not responsible for investment suitability.
* Clients must confirm they are not receiving advice before execution.
# Reference: FCA Handbook (COBS 10 - Execution-Only Transactions), CISI Wealth & Investment Management.

by Venus at Oct 10, 2025, 01:04 AM

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