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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Authorised Persons | 6% | - Obligations of authorized firms and individuals - Licensing and authorization requirements - Conduct of business rules |
| Market Conduct Legislation and Regulation | 28% | - Financial crime, AML and CFT regulations - Disclosure and transparency obligations - Insider dealing and market abuse |
| The Regulatory Infrastructure | 10% | - Legislative framework and regulatory objectives - Roles and powers of regulators - Regulatory bodies: SCA, CBUAE, DFSA, FSRA |
| Trading | 20% | - Trading rules and mechanisms - Market integrity and surveillance - Reporting and compliance requirements |
| Associated Market and Securities Legislation and Practice | 6% | - Securities laws and regulations - Legal obligations of market participants - Market operation rules |
| Client Protection | 20% | - Client assets and money protection - Client identification and classification - Communications, reporting and complaints handling |
| Markets | 10% | - UAE exchanges: DFM, ADX, NASDAQ Dubai - Trading and settlement rules - Listing and admission requirements |
CISI UAE Financial Rules and Regulations Sample Questions:
1. When a company applies to become a Special Purpose Acquisition Company, its sponsors must prepare proposals to:
A) identify potential money laundering
B) reduce the risk to investors
C) deal with succession planning
D) manage conflicts of interest
2. Why would the Authority board resolve temporarily to halt trading in the shares of any company?
A) It transpires that the spouse of a board member is a director of that entity
B) A threat to the proper and regular working of that market arises
C) A written complaint is made relating to a market activity
D) It does not have the technical equipment necessary to conduct its activity electronically
3. The contract size for an India Gold Quanto Futures contract is:
A) 1,000 grammes
B) 1,000 troy ounces
C) 32 troy ounces
D) One lot
4. The founders of a local investment fund must not dispose of the investment units owned by them for a period of at least:
A) 12 months from the date of foundation
B) 18 months from the date of foundation
C) 9 months from the date of foundation
D) 6 months from the date of foundation
5. 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) It was the result of a rumour being spread
D) The investor has a conviction of an offence of dishonour
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: C |
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