CISI UAE-Financial-Rules-and-Regulations Q&A - in .pdf

  • Exam Code: UAE-Financial-Rules-and-Regulations
  • Exam Name: CISI UAE Financial Rules and Regulations Exam
  • Q & A: 188 Questions and Answers
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  • Exam Code: UAE-Financial-Rules-and-Regulations
  • Exam Name: CISI UAE Financial Rules and Regulations Exam
  • Q & A: 188 Questions and Answers
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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:

SectionWeightObjectives
The Regulatory Infrastructure17%- SCA Resolutions
- License categories and requirements (Decision No. 13/Chairman issued 2021)
- Accounting system controls (Decision No. 13/Chairman issued 2021)
- Federal Law No. 4 of 2000
- Corporate Governance (Law No. 3 issued Jan 2020)
- Codes of Conduct
- Securities & Commodities Authority (SCA)
Licensed Bodies14%- Licensing financial activities
- Requirements of capital market institutions
- General provisions
Markets11%- Disclosure and Transparency
- General background
Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations14%- Federal Law No. 20 of 2018
Client Protection10%
Investment Funds11%- Provisions specific to certain public funds
- The local fund
Trading11%
Dubai Financial Market (DFM)11%

CISI UAE Financial Rules and Regulations Sample Questions:

1. What minimum level of annual income must a natural person classed as a qualified investor receive?

A) AED 4 million
B) AED 1 million
C) AED 3 million
D) AED 2 million


2. The last trading day for an India Gold Quanto Futures contract is:

A) two business days prior to the last business day of the delivery month
B) the 25th calendar day of the delivery month
C) four business days prior to the 25th calendar day of the delivery month
D) one business day prior to the last business day of the delivery month


3. A good-till-cancelled order on the DFM will remain available for execution unless it is cancelled by:

A) the broker
B) the clearing member
C) the investor
D) the market committee


4. A key purpose of customer due diligence measures is to address the risk of:

A) Cybercrime
B) Insider dealing
C) Embezzlement
D) Money laundering


5. Why might employees in one part of a regulated business be permitted to withhold information from employees in another part of the business?

A) At the request of the audit function
B) Prevention of insider trading
C) To comply with a Chinese wall
D) Strict privacy of client information


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: C

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