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UAE-Financial-Rules-and-Regulations PDF Practice Q&A's

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

SectionWeightObjectives
Topic 1: Dubai Financial Market (DFM)11%
Topic 2: Client Protection10%
Topic 3: Licensed Bodies14%- Requirements of capital market institutions
- General provisions
- Licensing financial activities
Topic 4: Markets11%- General background
- Disclosure and Transparency
Topic 5: Investment Funds11%- The local fund
- Provisions specific to certain public funds
Topic 6: Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations14%- Federal Law No. 20 of 2018
Topic 7: Trading11%
Topic 8: The Regulatory Infrastructure17%- License categories and requirements (Decision No. 13/Chairman issued 2021)
- Securities & Commodities Authority (SCA)
- Codes of Conduct
- Federal Law No. 4 of 2000
- SCA Resolutions
- Accounting system controls (Decision No. 13/Chairman issued 2021)
- Corporate Governance (Law No. 3 issued Jan 2020)

CISI UAE Financial Rules and Regulations Sample Questions:

Question 1

For all local funds, a semi-annual report on the public fund's performance must be prepared no later than:

A. 2 months from the end of the semi-annual period
B. 30 days from the end of the financial year
C. 2 months from the end of the financial year
D. 45 days from the end of the semi-annual period


Question 2

The minimum price movement for a West Texas Intermediate (WTI) Light Sweet Oil Futures contract is:

A. USS 25 per barrel
B. LISS 0.01 per barrel
C. USS 100 per barrel
D. USS 1 per barrel


Question 3

The Authority is permitted to cancel the licence of a licensed body if it fails to practise any financial activity within what prescribed period after obtaining the category licence?

A. 24 months
B. 6 months
C. 18 months
D. 12 months


Question 4

What happens if a listed company has its shares suspended for six months or more?

A. They are placed under greater regulatory scrutiny
B. They face a potential fine from the Authority
C. They are moved to a second category of listing
D. They are moved to a first category of listing


Question 5

The minimum price movement for an MSCI India Index Futures (INR) contract is:

A. 0.25 index points
B. 0.5 index points
C. US$1.00
D. US$0.01


Solutions:

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

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