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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Trading | 11% | |
| Topic 2: The Regulatory Infrastructure | 17% | - Accounting system controls (Decision No. 13/Chairman issued 2021) - Codes of Conduct - License categories and requirements (Decision No. 13/Chairman issued 2021) - Federal Law No. 4 of 2000 - Corporate Governance (Law No. 3 issued Jan 2020) - Securities & Commodities Authority (SCA) - SCA Resolutions |
| Topic 3: Licensed Bodies | 14% | - General provisions - Requirements of capital market institutions - Licensing financial activities |
| Topic 4: Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations | 14% | - Federal Law No. 20 of 2018 |
| Topic 5: Markets | 11% | - General background - Disclosure and Transparency |
| Topic 6: Client Protection | 10% | |
| Topic 7: Dubai Financial Market (DFM) | 11% | |
| Topic 8: Investment Funds | 11% | - Provisions specific to certain public funds - The local fund |
CISI UAE Financial Rules and Regulations Sample Questions:
1. The conciliation process allows the Authority to impose what alternative to criminal prosecution?
A) Suspension of activities for a specified period
B) Payment of a prescribed amount of money
C) Negotiated out-of-court settlement
D) Referral to the Central Bank
2. The effectiveness of a financial institution's internal policies, controls and procedures to combat money laundering must be tested by:
A) an independent audit function
B) external consultants
C) the audit committee
D) regular operational resilience exercises
3. Why would a transaction to purchase securities be declared null and void?
A) The Authority has levied a penalty for delay of payment
B) The individual is a former employee
C) The investor has a conviction of an offence of dishonour
D) It was the result of a rumour being spread
4. If the two evaluators for an in-kind share transfer produce different fair value figures, what figure must be used?
A) The average of the two amounts
B) The highest one
C) The lowest one
D) The one produced by the most experienced evaluator
5. In order for the contents of a financial promotion which quotes yield figures to satisfy the clear, fair, and not misleading rule, it should:
A) ensure all monetary examples are calculated to at least two decimal places
B) make the promotion available simultaneously in printed form and online
C) give a balanced impression of both short and long term prospects
D) always assume the communication is intended for a retail client
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: C |
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