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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: The Regulatory Infrastructure | 17% | - SCA Resolutions - Accounting system controls (Decision No. 13/Chairman issued 2021) - Federal Law No. 4 of 2000 - Codes of Conduct - Securities & Commodities Authority (SCA) - License categories and requirements (Decision No. 13/Chairman issued 2021) - Corporate Governance (Law No. 3 issued Jan 2020) |
| Topic 2: Markets | 11% | - General background - Disclosure and Transparency |
| Topic 3: Client Protection | 10% | |
| Topic 4: Investment Funds | 11% | - The local fund - Provisions specific to certain public funds |
| Topic 5: Trading | 11% | |
| Topic 6: Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations | 14% | - Federal Law No. 20 of 2018 |
| Topic 7: Licensed Bodies | 14% | - Licensing financial activities - Requirements of capital market institutions - General provisions |
| Topic 8: Dubai Financial Market (DFM) | 11% |
CISI UAE Financial Rules and Regulations Sample Questions:
1. When establishing a local investment fund, how much are the founders required to subscribe?
A) At least 10 million dirhams
B) At least 5 million dirhams
C) At least 20 million dirhams
D) At least 1 million dirhams
2. The whistleblowing policy submitted by an applicant for a financial activities licence must include a mechanism for:
A) disciplining staff proven to have breached rules
B) ensuring all staff have a named reporting contact
C) escalating any reports to board level
D) protecting the reporting employee
3. On the Dubai Gold & Commodities Exchange, how many delivery months are available for trading in Dubai India Quanto Crude Oil futures?
A) 6
B) 2
C) 12
D) 18
4. A fund manager is considering investing in medium-term bonds, commercial papers, and deposit certificates.
Under the regulations, which of these can be held under a cash investment fund?
A) Commercial papers and deposit certificates only
B) Deposit certificates and medium-term bonds only
C) Medium-term bonds, commercial papers and deposit certificates
D) Medium-term bonds and commercial papers only
5. Which of the following is an administrative penalty that can be imposed on financial institutions that violate the law and regulations in relation to money laundering and terrorism financing?
A) A penalty of no less than AED 15,000 and no more than AED 5,000,000 for each violation
B) A penalty of no less than AED 5,000 and no more than AED 1,000,000 for each violation
C) A penalty of no less than AED 100,000 and no more than AED 10,000,000 for each violation
D) A penalty of no less than AED 50,000 and no more than AED 5,000,000 for each violation
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |
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