CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Client Protection | 20% | - Client identification and classification - Client assets and money protection - Communications, reporting and complaints handling |
| Markets | 10% | - UAE exchanges: DFM, ADX, NASDAQ Dubai - Listing and admission requirements - Trading and settlement rules |
| Associated Market and Securities Legislation and Practice | 6% | - Market operation rules - Securities laws and regulations - Legal obligations of market participants |
| The Regulatory Infrastructure | 10% | - Regulatory bodies: SCA, CBUAE, DFSA, FSRA - Legislative framework and regulatory objectives - Roles and powers of regulators |
| Trading | 20% | - Trading rules and mechanisms - Market integrity and surveillance - Reporting and compliance requirements |
| Market Conduct Legislation and Regulation | 28% | - Financial crime, AML and CFT regulations - Disclosure and transparency obligations - Insider dealing and market abuse |
| Authorised Persons | 6% | - Conduct of business rules - Licensing and authorization requirements - Obligations of authorized firms and individuals |
CISI UAE Financial Rules and Regulations Sample Questions:
Question #1
A licensed body submitted a requested document to the Authority and a short time later noticed that it was incomplete. How soon must it notify the Authority of this issue?
A. Immediately
B. Within a maximum of 72 hours
C. Within a maximum of 48 hours
D. By the end of that working week
Question #2
Each licence applicant must submit a risk management guide that includes:
A. the procedures and mechanisms that ensure that the responsible officer shall have access to all records
B. the mechanisms required to enable the compliance officer to have access to sufficient resources
C. development and implementation of policies and procedures
D. the procedures and mechanisms required to enable the internal auditor to act independently
Question #3
The compliance regulation guide, submitted by an applicant for a license from the Authority, must set out procedures and mechanisms which will ensure that the compliance officer:
A. can report confidentially to the regulator
B. is able to suspend operations in an emergency
C. has access to sufficient resources
D. can appoint a deputy during an unplanned absence
Question #4
Why would a transaction to purchase securities be declared null and void?
A. The investor has a conviction of an offence of dishonour
B. The Authority has levied a penalty for delay of payment
C. The individual is a former employee
D. It was the result of a rumour being spread
Question #5
What happens if a listed company has its shares suspended for six months or more?
A. They are moved to a second category of listing
B. They face a potential fine from the Authority
C. They are placed under greater regulatory scrutiny
D. They are moved to a first category of listing
Solutions:
| Question #1 Correct Answer: A | Question #2 Correct Answer: C | Question #3 Correct Answer: C | Question #4 Correct Answer: D | Question #5 Correct Answer: A |
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