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CISI UAE-Financial-Rules-and-Regulations Exam Overview:
| Certification Vendor: | CISI (Chartered Institute for Securities & Investment) |
|---|---|
| Exam Name: | UAE Financial Rules and Regulations |
| Exam Number: | UAE-Financial-Rules-and-Regulations |
| Related Certifications: | CISI Investment Operations Certificate CISI Capital Markets Programme |
| Available Languages: | English |
| Exam Duration: | 60 minutes |
| Exam Format: | Scenario-based questions, Computer-Based Testing, Multiple Choice Questions |
| Exam Price: | £150 - £190 GBP / $190 - $240 USD |
| Passing Score: | 70% |
| Real Exam Qty: | 50 |
| Certificate Validity Period: | Valid for 3 years |
| Recommended Training: | CISI E-learning CISI Official Study Text |
| Exam Registration: | CISI Official Registration Pearson VUE Test Centres |
| Sample Questions: | CISI UAE-Financial-Rules-and-Regulations Sample Questions |
| Exam Way: | Computer-based at Pearson VUE test centres or remote online proctored |
| Pre Condition: | No mandatory prerequisites; recommended for finance professionals working in UAE regulated environment |
| Official Syllabus URL: | https://www.cisi.org/qualifications/uae-financial-rules-and-regulations |
CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Markets | 10% | - UAE exchanges: DFM, ADX, NASDAQ Dubai - Trading and settlement rules - Listing and admission requirements |
| Topic 2: Associated Market and Securities Legislation and Practice | 6% | - Market operation rules - Securities laws and regulations - Legal obligations of market participants |
| Topic 3: The Regulatory Infrastructure | 10% | - Legislative framework and regulatory objectives - Regulatory bodies: SCA, CBUAE, DFSA, FSRA - Roles and powers of regulators |
| Topic 4: Client Protection | 20% | - Client assets and money protection - Communications, reporting and complaints handling - Client identification and classification |
| Topic 5: Authorised Persons | 6% | - Licensing and authorization requirements - Obligations of authorized firms and individuals - Conduct of business rules |
| Topic 6: Trading | 20% | - Reporting and compliance requirements - Trading rules and mechanisms - Market integrity and surveillance |
| Topic 7: Market Conduct Legislation and Regulation | 28% | - Insider dealing and market abuse - Financial crime, AML and CFT regulations - Disclosure and transparency obligations |
CISI UAE Financial Rules and Regulations Sample Questions:
Question 1
An error was made by a broker which led to a trade being conducted using the wrong trading account number.
If the trader submitted a request to have the number amended 40 minutes after the end of the trading session, the amendment would only be made if:
A. an alteration fee is paid at the same time
B. the correction is within a 5% error margin
C. the circumstances are considered to be exceptional
D. an impact assessment gives acceptable results
Question 2
Anyone who notifies or warns a person in relation to suspicions, or reveals any transaction under review in relation to suspicions, is guilty of:
A. money laundering
B. tipping off
C. layering
D. collusion
Question 3
A firm which intends to send advertising material directly to a client has been correctly advised that many of the financial promotion rules are inapplicable. This is because:
A. The firm has fewer than five full-time employees
B. The client is a politically exposed person
C. The client is an eligible counterparty
D. The firm offers purely execution-only services
Question 4
What minimum level of annual income must a natural person classed as a qualified investor receive?
A. AED 3 million
B. AED 4 million
C. AED 2 million
D. AED 1 million
Question 5
When promoting private funds, related materials must:
A. receive prior approval of the content from the Authority
B. advise that the funds cannot be transferred to a third party
C. clarify the private fund's specific nature and include the required disclaimer laid down by the Authority
D. refrain from using public advertisement media of certain types, including audio and video, with the exception of read media
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: C |
By Nelly
