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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Client Protection20%- Client assets and money protection
- Communications, reporting and complaints handling
- Client identification and classification
Topic 2: Associated Market and Securities Legislation and Practice6%- Market operation rules
- Securities laws and regulations
- Legal obligations of market participants
Topic 3: Trading20%- Trading rules and mechanisms
- Market integrity and surveillance
- Reporting and compliance requirements
Topic 4: Market Conduct Legislation and Regulation28%- Insider dealing and market abuse
- Financial crime, AML and CFT regulations
- Disclosure and transparency obligations
Topic 5: Authorised Persons6%- Licensing and authorization requirements
- Conduct of business rules
- Obligations of authorized firms and individuals
Topic 6: The Regulatory Infrastructure10%- Regulatory bodies: SCA, CBUAE, DFSA, FSRA
- Roles and powers of regulators
- Legislative framework and regulatory objectives
Topic 7: Markets10%- Trading and settlement rules
- UAE exchanges: DFM, ADX, NASDAQ Dubai
- Listing and admission requirements

CISI UAE Financial Rules and Regulations Sample Questions:

1. Applicants for an Authority licence must supply details covering the retention of employee data for what minimum period from the date of the last update?

A) Five years
B) Seven years
C) Ten years
D) Three years


2. Under what circumstances, if any, may financial analysts commit to providing favourable research coverage to issuers of securities?

A) Only if the issuer belongs to the same parent group as the analyst's company
B) Only if the research is provided free or for a nominal charge
C) Only if the analyst signs a non-disclosure agreement with the issuer
D) Not under any circumstances


3. A key reason why the regulator applies financial promotion rules is to ensure that:

A) the impact of operational risk is avoided
B) the customers are treated fairly
C) the market is kept competitive
D) the available product range is maximised


4. 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) refrain from using public advertisement media of certain types, including audio and video, with the exception of read media
D) clarify the private fund's specific nature and include the required disclaimer laid down by the Authority


5. Firms providing investment management services must provide periodic statements to retail clients, in normal circumstances at least every:

A) 3 months
B) month
C) 12 months
D) 6 months


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: D

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