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CISI UAE Financial Rules and Regulations : UAE-Financial-Rules-and-Regulations

UAE-Financial-Rules-and-Regulations

Exam Code: UAE-Financial-Rules-and-Regulations

Exam Name: CISI UAE Financial Rules and Regulations Exam

Updated: Aug 20, 2026

Q & A: 102 Questions and Answers

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

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

CISI UAE Financial Rules and Regulations Sample Questions:

1. If in-kind shares are provided when the fund is founded; if the subscription fails and there is no special agreement, who would bear the expenses?

A) Evaluators
B) Auditors
C) Founders
D) Share providers


2. Each licence applicant must submit a risk management guide that includes:

A) development and implementation of policies and procedures
B) the procedures and mechanisms that ensure that the responsible officer shall have access to all records
C) the mechanisms required to enable the compliance officer to have access to sufficient resources
D) the procedures and mechanisms required to enable the internal auditor to act independently


3. Following a public subscription, what must a Special Purpose Acquisition Company do with the proceeds?

A) Deposit not less than 90% of the public subscription proceeds within one business day of receipt
B) Deposit not less than 90% of the public subscription proceeds within two business days of receipt
C) Deposit not less than 100% of the public subscription proceeds within two business days of receipt
D) Deposit not less than 100% of the public subscription proceeds within one business day of receipt


4. 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 impact assessment gives acceptable results
B) the circumstances are considered to be exceptional
C) the correction is within a 5% error margin
D) an alteration fee is paid at the same time


5. If an issuer provides its shareholders with bonus shares, then the CSD Department will deposit the bonus shares issued in the account and will register them as a whole, round number. What happens in the case that there are fractions of shares?

A) These are also added to the shareholder's account
B) The issuing company must sell them within 45 days
C) The issuing company must sell them within 30 days
D) They are totalled up and put in a suspense account


Solutions:

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

Related Certifications
CISI level 3 Certificate
Investment Funds in Canada
Investment Operations Certificate (IOC)
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