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CISI UAE Financial Rules and Regulations Sample Questions:
1. What proportion of the market value of securities owned by a brokerage company are used to increase the value of its guarantee?
A) 70%
B) 60%
C) 50%
D) 80%
2. A brokerage firm's records include client agreements, selling orders and accounts. Under the Professional Code of Conduct, which of these does the DFM have the right to access and review?
A) Selling orders and accounts only
B) Accounts and client agreements only
C) Client agreements and selling orders only
D) Client agreements, selling orders and accounts
3. The contract size for trading in Silver Futures on the Dubai Gold & Commodities Exchange is 1,000 troy ounces of refined silver, plus or minus what prescribed margin?
A) 2%
B) 10%
C) 1%
D) 5%
4. Where a brokerage firm on the DFM has a client with a debit balance, the regulations prevent the firm from:
A) selling securities on the client's behalf
B) paying any cash to the client
C) providing investment advice to the client
D) accepting new orders from the client
5. In order to be authorised to deal in investments, which of the following professional roles would the Authority expect to see within the firm?
A) Compliance Officer
B) Broker Representative
C) Operations Manager
D) Trading Manager
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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