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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| The Regulatory Infrastructure | 10% | - Regulatory bodies: SCA, CBUAE, DFSA, FSRA - Roles and powers of regulators - Legislative framework and regulatory objectives |
| Trading | 20% | - Market integrity and surveillance - Reporting and compliance requirements - Trading rules and mechanisms |
| Market Conduct Legislation and Regulation | 28% | - Financial crime, AML and CFT regulations - Insider dealing and market abuse - Disclosure and transparency obligations |
| Authorised Persons | 6% | - Obligations of authorized firms and individuals - Conduct of business rules - Licensing and authorization requirements |
| Associated Market and Securities Legislation and Practice | 6% | - Legal obligations of market participants - Market operation rules - Securities laws and regulations |
| Markets | 10% | - UAE exchanges: DFM, ADX, NASDAQ Dubai - Trading and settlement rules - Listing and admission requirements |
| Client Protection | 20% | - Client assets and money protection - Communications, reporting and complaints handling - Client identification and classification |
CISI UAE Financial Rules and Regulations Sample Questions:
1. An application submitted to the ADX by the brokerage company to enable it to supply E-Trading services will result in a decision to approve or reject the application within:
A) 2 days
B) 10 days
C) 30 days
D) 5 days
2. When updating their money laundering compliance framework, firms involved in crypto assets are required to take into account the recommendations of which body?
A) World Bank
B) Bank for International Settlements
C) Financial Action Task Force
D) United Nations Office on Drugs and Crime
3. The minimum price movement for a West Texas Intermediate (WTI) Light Sweet Oil Futures contract is:
A) USS 100 per barrel
B) USS 25 per barrel
C) LISS 0.01 per barrel
D) USS 1 per barrel
4. If a discrepancy comes to light when conducting an external reconciliation, what must the firm do?
A) Immediately inform the regulator verbally and follow this up in writing
B) Immediately suspend operations with the third party
C) Investigate and correct it as soon as possible
D) Close the client's account by close of business on the same day
5. The statement in a suitability report giving reasons for the recommendation must also indicate:
A) the client's ability to bear any risks and losses
B) why the next best product or service was disregarded
C) the extent to which the author is qualified to make this judgement
D) whether or not the client has accepted this guidance
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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