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UAE-Financial-Rules-and-Regulations CISI UAE Financial Rules and Regulations Exam is now Stable and With Pass Result | Test Your Knowledge for Free

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UAE-Financial-Rules-and-Regulations Practice Questions

CISI UAE Financial Rules and Regulations Exam

Last Update 4 days ago
Total Questions : 100

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Question # 11

If a Special Purpose Acquisition Company fails to complete a business combination, measures to return the funds to investors must be taken within what maximum number of business days?

Options:

A.  

10

B.  

15

C.  

20

D.  

25

Discussion 0
Question # 12

If the mid-point is used to determine the theoretical auction price for a pre-closing session of the DFM, it is:

Options:

A.  

rounded to one decimal place

B.  

rounded to two decimal places

C.  

rounded up to the nearest price tick

D.  

rounded down to the nearest price tick

Discussion 0
Question # 13

The conciliation process allows the Authority to impose what alternative to criminal prosecution?

Options:

A.  

Suspension of activities for a specified period

B.  

Payment of a prescribed amount of money

C.  

Referral to the Central Bank

D.  

Negotiated out-of-court settlement

Discussion 0
Question # 14

Where a private equity fund is to be incorporated, the incorporation agreement must include a statement indicating:

Options:

A.  

who will be appointed auditor for the fund

B.  

who bears main responsibility for regulatory compliance

C.  

whether the investment management will be outsourced

D.  

whether the limited partners can influence investment management

Discussion 0
Question # 15

Which of the following is a sanction available to the Authority in the event of a violation of its provisions?

Options:

A.  

Impose a financial fine of not more than AED 100,000

B.  

Impose a financial fine of not less than AED 100,000

C.  

Suspend the licensed body for a period of two years

D.  

Suspend any financial activity practised during an investigation

Discussion 0
Question # 16

The contract size for an MSCI India Index Futures (INR) contract is:

Options:

A.  

5 index points x price

B.  

20 index points x price

C.  

25 index points x price

D.  

50 index points x price

Discussion 0
Question # 17

When updating their money laundering compliance framework, firms involved in crypto assets are required to take into account the recommendations of which body?

Options:

A.  

Bank for International Settlements

B.  

Financial Action Task Force

C.  

World Bank

D.  

United Nations Office on Drugs and Crime

Discussion 0
Question # 18

The role of the authorised agent of the exchange-traded fund (ETF) is to:

Options:

A.  

announce the net value of the unit’s assets on a daily basis

B.  

regularly announce the indicative value of the net value of assets

C.  

update sell and buy orders

D.  

ensure that the transfer of ownership of units is completed

Discussion 0
Question # 19

If an error in the final cash settlement price of an equity index comes to the attention of the Exchange more than 30 minutes after the publication of the final cash settlement price, what happens?

Options:

A.  

No correction will be made

B.  

The provider will correct it

C.  

It will be re-determined

D.  

Liability is apportioned

Discussion 0
Question # 20

Membership of an Authority regulated market is obligatory for which of the following entities?

Options:

A.  

Licensed brokers

B.  

Listed joint-stock companies and licensed brokers

C.  

Listed joint-stock companies, licensed brokers and other listed entities

D.  

Listed joint-stock companies, licensed brokers and any other type of business entity

Discussion 0
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