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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Market Conduct Legislation and Regulation | 28% | - Insider dealing and market abuse - Financial crime, AML and CFT regulations - Disclosure and transparency obligations |
| Topic 2: Authorised Persons | 6% | - Obligations of authorized firms and individuals - Conduct of business rules - Licensing and authorization requirements |
| Topic 3: Trading | 20% | - Reporting and compliance requirements - Market integrity and surveillance - Trading rules and mechanisms |
| Topic 4: The Regulatory Infrastructure | 10% | - Regulatory bodies: SCA, CBUAE, DFSA, FSRA - Roles and powers of regulators - Legislative framework and regulatory objectives |
| Topic 5: Markets | 10% | - Trading and settlement rules - Listing and admission requirements - UAE exchanges: DFM, ADX, NASDAQ Dubai |
| Topic 6: Associated Market and Securities Legislation and Practice | 6% | - Securities laws and regulations - Market operation rules - Legal obligations of market participants |
| Topic 7: Client Protection | 20% | - Communications, reporting and complaints handling - Client identification and classification - Client assets and money protection |
CISI UAE Financial Rules and Regulations Sample Questions:
1. An obligor with a retail primary listing of Sukuk immediately notified the Authority when one of its board directors was replaced. Why was the obligor considered to be in breach of its continuing obligations?
A) The obligor failed to give 14 days' notice
B) The new director had less than 5 years' experience
C) The new director held a foreign passport
D) The obligor failed to also notify the market
2. The Authority will only grant a licence to operate a crypto fundraising platform in the UAE if the applicant is a legal person in the form of:
A) an exchange licensed by a market in the UAE
B) a company incorporated under Shariah law
C) an exchange licensed by the Authority in the UAE
D) a sophisticated trader or a qualified investor
3. What is the minimum fine that can be levied on a person found guilty of financing an illegal organisation?
A) AED 300,000
B) AED 200,000
C) AED 250,000
D) AED 150,000
4. The effectiveness of a financial institution's internal policies, controls and procedures to combat money laundering must be tested by:
A) regular operational resilience exercises
B) external consultants
C) an independent audit function
D) the audit committee
5. Where a client is a legal person, the customer due diligence obligations require verification of identity for any natural persons holding what minimum controlling ownership interest?
A) 51%
B) 25%
C) 10%
D) 3%
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |

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