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

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

CISI UAE Financial Rules and Regulations Sample Questions:

1. Designated non-financial businesses and professions are banned under the regulations from dealing with which type of organisation?

A) Mutual co-operatives
B) Non-profit organisations
C) Shell banks
D) Benefit corporations


2. Where the fund prospectus for an investment fund discloses the provision of in-kind shares, it must also state the:

A) Specific legislation under which this is permitted
B) Alternative assets that were considered
C) Possibility of subsequent fluctuations in their value
D) Reason why an evaluation report was not required


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


4. An introducer approved by the Authority is obliged to obtain further approval before:

A) Approaching legal entities to arrange an introduction
B) Receiving any commission payments
C) Asking clients to provide new business referrals
D) Conducting any introduction business outside the UAE


5. In what circumstances can the requirement for licensed bodies to disclose their legal status be waived?

A) A significant market correction is taking place
B) A takeover bid for the licensed body has been launched
C) A court case against the licensed body is in progress
D) An emergency has been notified to the Authority


Solutions:

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

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