Question: The correct answer is: a. II and IV are correct According to the Financial Markets Act (2012) and the Financial Advisory and Intermediary Services (FAIS)

The correct answer is: a. II and IV are correct According to the Financial Markets Act (2012) and the Financial Advisory and Intermediary Services (FAIS) Act, an authorized user: Prohibited Actions: II. Borrow against pledged securities an amount in excess of the outstanding balance: Exceeding lent amount. IV. Repledge securities without the written consent of the pledger: Repledging without explicit written approval

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