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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 # 21

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?

Options:

A.  

The obligor failed to give 14 days' notice

B.  

The obligor failed to also notify the market

C.  

The new director held a foreign passport

D.  

The new director had less than 5 years' experience

Discussion 0
Question # 22

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?

Options:

A.  

Client agreements and selling orders only

B.  

Selling orders and accounts only

C.  

Accounts and client agreements only

D.  

Client agreements, selling orders and accounts

Discussion 0
Question # 23

If there is a material change in the nature of the relevant software, the regulations state that investors who have accepted an offer of crypto assets must be notified:

Options:

A.  

promptly in advance

B.  

immediately after implementation

C.  

within no less than 7 days

D.  

within no less than 14 days

Discussion 0
Question # 24

A vote carried out by the board of the Authority resulted in a tie. What happens in these circumstances?

Options:

A.  

The vote for the resolution is automatically carried

B.  

The vote against the resolution is automatically carried

C.  

The chairman or their deputy is granted the casting vote

D.  

The decision is postponed until another vote can be taken

Discussion 0
Question # 25

In which circumstances might lawyers, notary publics, other legal stakeholders and independent legal auditors be exempt from suspicious transaction reporting requirements?

Options:

A.  

When providing legal opinion with regards to legal proceedings

B.  

When advising on financial transactions for politically exposed persons

C.  

When conducting real estate transactions within the UAE

D.  

When providing services relating to beneficiaries of insurance policies

Discussion 0
Question # 26

Where a financial analyst wants to conduct a personal transaction which relates to investment research being undertaken, what additional requirement is normally imposed?

Options:

A.  

Signing of a non-conflict disclaimer

B.  

Approval from the firm’s legal or compliance department

C.  

Approval from the Authority or Central Bank

D.  

Signing of a guarantee undertaking

Discussion 0
Question # 27

Which of the following customer due diligence measures should be taken if a client is a foreign politically exposed person?

Options:

A.  

Conduct a prescribed risk / benefit analysis

B.  

Seek Authority approval to proceed

C.  

Examine the latest Interpol watch list

D.  

Attempt to establish the source of the funds

Discussion 0
Question # 28

On the Dubai Gold & Commodities Exchange, how many delivery months are available for trading in Dubai India Quanto Crude Oil futures?

Options:

A.  

2

B.  

6

C.  

12

D.  

18

Discussion 0
Question # 29

A public joint-stock company is automatically prevented by the regulations from executing a buyback transaction if it:

Options:

A.  

is formally classed as an insurance company

B.  

has been designated a company of State importance

C.  

issued shares in a public offer in the last six months

D.  

was incorporated in the last three years

Discussion 0
Question # 30

A real estate investment fund may borrow no more than what percentage of its total assets value?

Options:

A.  

10%

B.  

25%

C.  

50%

D.  

75%

Discussion 0
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