- Exam Code: UAE-Financial-Rules-and-Regulations
- Exam Name: CISI UAE Financial Rules and Regulations Exam
- Certification Provider: CISI
- Corresponding Certification:Investment Operations Certificate (IOC)
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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| The Regulatory Infrastructure | 10% | - Roles and powers of regulators - Legislative framework and regulatory objectives - Regulatory bodies: SCA, CBUAE, DFSA, FSRA |
| Authorised Persons | 6% | - Licensing and authorization requirements - Obligations of authorized firms and individuals - Conduct of business rules |
| Trading | 20% | - Reporting and compliance requirements - Trading rules and mechanisms - Market integrity and surveillance |
| Associated Market and Securities Legislation and Practice | 6% | - Legal obligations of market participants - Securities laws and regulations - Market operation rules |
| Markets | 10% | - Trading and settlement rules - UAE exchanges: DFM, ADX, NASDAQ Dubai - Listing and admission requirements |
| Client Protection | 20% | - Client identification and classification - Client assets and money protection - Communications, reporting and complaints handling |
| Market Conduct Legislation and Regulation | 28% | - Financial crime, AML and CFT regulations - Disclosure and transparency obligations - Insider dealing and market abuse |
CISI UAE Financial Rules and Regulations Sample Questions:
For dual-listed companies (foreign companies) on the Dubai Financial Market (DFM), the opening price for the security on the first trading day on the DFM is based on the:
- A. Last closing price of the security in the principal market
- B. Last opening price of the security in the secondary market
- C. Last closing price of the security in the secondary market
- D. Last opening price of the security in the principal market
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When a firm applies for a licence, it is only necessary to provide an exit strategy plan covering contract termination with an outsourced party if the firm intends to:
- A. Use a service based outside the State
- B. Use cloud computing services
- C. Enter into a contract which is not legally enforceable
- D. Enter into a contract for five or more years
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The whistleblowing policy submitted by an applicant for a financial activities licence must include a mechanism for:
- A. escalating any reports to board level
- B. disciplining staff proven to have breached rules
- C. ensuring all staff have a named reporting contact
- D. protecting the reporting employee
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Which of the following is one of the prescribed financial activities for which the Authority can issue a license?
- A. Risk management
- B. Analysis
- C. Corporate planning
- D. Promotion
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A firm which intends to send advertising material directly to a client has been correctly advised that many of the financial promotion rules are inapplicable. This is because:
- A. The firm offers purely execution-only services
- B. The firm has fewer than five full-time employees
- C. The client is an eligible counterparty
- D. The client is a politically exposed person
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