Certified Regulatory Compliance Manager (CRCM) — Question 196

Following institutions comes under the heading of ________________:
"¢ Institutions subject to the commodity Futures Trading Commission
"¢ The Federal Agriculture Mortgage Corporation or institutions charted and operating under the Farm credit Act
"¢ Institutions charted by Congress to engage in securitizations, secondary market sales, or similar transactions, provided that the institution does not sell or transfer nonpublic personal information to nonaffiliated third parties

Answer options

• A. Consumers
• B. Financial institutions
• C. Non-financial institutions
• D. Regulatory authorities

Correct answer: C

Explanation

The correct answer is C, as the listed institutions operate in areas that do not involve traditional financial services but instead focus on specific market activities. Options A and D do not apply as they refer to different sectors, while B is incorrect since these entities are categorized as non-financial institutions.