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CISI UAE-Financial-Rules-and-Regulations Exam Overview:
| Certification Vendor: | CISI |
| Exam Name: | UAE Financial Rules and Regulations |
| Exam Number: | UAE-RR |
| Real Exam Qty: | 100 |
| Exam Format: | Multiple Choice |
| Exam Duration: | 120 minutes |
| Passing Score: | 70% |
| Available Languages: | English |
| Sample Questions: | CISI UAE-Financial-Rules-and-Regulations Sample Questions |
| Exam Way: | Computer Based Testing (CBT) |
| Official Syllabus URL: | https://www.cisi.org/go/uae-financial-rules-and-regulations |
CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations | 14% | - Federal Law No. 20 of 2018 |
| Client Protection | 10% | |
| Dubai Financial Market (DFM) | 11% | |
| Markets | 11% | - Disclosure and Transparency - General background |
| Licensed Bodies | 14% | - Licensing financial activities - Requirements of capital market institutions - General provisions |
| Investment Funds | 11% | - The local fund - Provisions specific to certain public funds |
| The Regulatory Infrastructure | 17% | - Federal Law No. 4 of 2000 - License categories and requirements (Decision No. 13/Chairman issued 2021) - SCA Resolutions - Securities & Commodities Authority (SCA) - Corporate Governance (Law No. 3 issued Jan 2020) - Codes of Conduct - Accounting system controls (Decision No. 13/Chairman issued 2021) |
| Trading | 11% |
CISI UAE Financial Rules and Regulations Sample Questions:
1. Each licence applicant must submit a risk management guide that includes:
A) the mechanisms required to enable the compliance officer to have access to sufficient resources
B) the procedures and mechanisms that ensure that the responsible officer shall have access to all records
C) development and implementation of policies and procedures
D) the procedures and mechanisms required to enable the internal auditor to act independently
2. If the two evaluators for an in-kind share transfer produce different fair value figures, what figure must be used?
A) The one produced by the most experienced evaluator
B) The highest one
C) The lowest one
D) The average of the two amounts
3. Why might employees in one part of a regulated business be permitted to withhold information from employees in another part of the business?
A) At the request of the audit function
B) To comply with a Chinese wall
C) Prevention of insider trading
D) Strict privacy of client information
4. Which category of firm is required to provide accounts using a 'Unified Centralised Back Office System'?
A) Category 1 - Dealing in securities
B) Category 4 - Credit rating agencies
C) Category 2 - Dealing in investments
D) Category 3 - Custody, clearing and recording
5. Which of the following financial activities comes under the fifth category licence?
A) Credit rating agencies
B) Dealing in securities
C) Dealing in investments
D) Arrangement and advice
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |
By Maxine
