CISI UAE Financial Rules and Regulations Exam: UAE-Financial-Rules-and-Regulations Exam


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  • Exam Code: UAE-Financial-Rules-and-Regulations
  • Exam Name: CISI UAE Financial Rules and Regulations Exam
  • Total Questions: 102

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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:

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

CISI UAE Financial Rules and Regulations Sample Questions:

1. Where self-fund founders intend to accept in-kind shares, the fund prospectus must state whether these shares:

A) are to be valued subjectively
B) are consistent with the fund's investment strategy
C) will be held as capital assets of the fund
D) may subsequently be disposed of


2. The contract size for an MSCI India Index Futures (INR) contract is:

A) 25 index points x price
B) 20 index points x price
C) 50 index points x price
D) 5 index points x price


3. Anyone who notifies or warns a person in relation to suspicions, or reveals any transaction under review in relation to suspicions, is guilty of:

A) tipping off
B) collusion
C) money laundering
D) layering


4. If a discrepancy comes to light when conducting an external reconciliation, what must the firm do?

A) Investigate and correct it as soon as possible
B) Immediately inform the regulator verbally and follow this up in writing
C) Immediately suspend operations with the third party
D) Close the client's account by close of business on the same day


5. An error was made by a broker which led to a trade being conducted using the wrong trading account number.
If the trader submitted a request to have the number amended 40 minutes after the end of the trading session, the amendment would only be made if:

A) an alteration fee is paid at the same time
B) an impact assessment gives acceptable results
C) the circumstances are considered to be exceptional
D) the correction is within a 5% error margin


Solutions:

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

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