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

UAE-Financial-Rules-and-Regulations real exams

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

Exam Name: CISI UAE Financial Rules and Regulations Exam

Updated: Jul 20, 2026

Q & A: 102 Questions and Answers

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

SectionObjectives
Topic 1: Financial Conduct and Compliance- Conduct of business standards
  • 1. Fair dealing and market integrity principles
    • 2. Client suitability and disclosure obligations
      - Compliance and supervision
      • 1. Internal controls and governance
        • 2. Compliance monitoring frameworks
          Topic 2: Anti-Money Laundering and Financial Crime- AML/CFT requirements in the UAE
          • 1. Customer due diligence (CDD) and KYC
            • 2. Suspicious transaction reporting
              - Financial crime prevention
              • 1. Fraud prevention controls
                • 2. Sanctions compliance obligations
                  Topic 3: Regulatory Ethics and Professional Standards- Regulatory accountability
                  • 1. Responsibilities of financial professionals
                    • 2. Regulatory reporting obligations
                      - Ethical standards in financial services
                      • 1. Professional integrity expectations
                        • 2. Conflicts of interest management
                          Topic 4: UAE Financial Regulatory Framework- Securities and investment regulation
                          • 1. Regulation of securities markets in the UAE
                            • 2. Market conduct and compliance requirements
                              - Federal financial regulation structure
                              • 1. Overview of UAE financial governance bodies
                                • 2. Roles of central financial authorities

                                  CISI UAE Financial Rules and Regulations Sample Questions:

                                  1. Which category of firm is required to provide accounts using a 'Unified Centralised Back Office System'?

                                  A) Category 4 - Credit rating agencies
                                  B) Category 1 - Dealing in securities
                                  C) Category 2 - Dealing in investments
                                  D) Category 3 - Custody, clearing and recording


                                  2. The DFM's Professional Code of Conduct requires brokerage firms to take reasonable steps to determine the identity of their clients. For natural persons, this should include:

                                  A) profession, exact address, PO Box and phone number
                                  B) nature of the entity, its legal form, type and capital
                                  C) full name of portfolio manager
                                  D) commercial register number and commercial licence


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

                                  A) When providing legal opinion with regards to legal proceedings
                                  B) When conducting real estate transactions within the UAE
                                  C) When providing services relating to beneficiaries of insurance policies
                                  D) When advising on financial transactions for politically exposed persons


                                  4. An in-kind shares evaluation report must be based on data covering what maximum period before the evaluation date?

                                  A) Three months
                                  B) Four months
                                  C) Two months
                                  D) One month


                                  5. If the two evaluators for an in-kind share transfer produce different fair value figures, what figure must be used?

                                  A) The highest one
                                  B) The average of the two amounts
                                  C) The one produced by the most experienced evaluator
                                  D) The lowest one


                                  Solutions:

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

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