Exam Name: CISI UAE Financial Rules and Regulations Exam
Certification Provider: CISI
Corresponding Certification: Investment Operations Certificate (IOC)
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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Anti-Money Laundering and Financial Crime | - AML/CFT requirements in the UAE
|
| Topic 2: UAE Financial Regulatory Framework | - Securities and investment regulation
|
| Topic 3: Regulatory Ethics and Professional Standards | - Ethical standards in financial services
|
| Topic 4: Financial Conduct and Compliance | - Conduct of business standards
|
CISI UAE Financial Rules and Regulations Sample Questions:
1. Where an applicant for a financial activities licence uses a cloud-based server, they must set out provisions to ensure the outsourced party can operate with zero data loss for what stated period?
A) Three years
B) Five years
C) Ten years
D) Seven years
2. Which of the following financial activities comes under the fifth category licence?
A) Dealing in investments
B) Credit rating agencies
C) Dealing in securities
D) Arrangement and advice
3. Which of the following customer due diligence measures should be taken if a client is a foreign politically exposed person?
A) Conduct a prescribed risk / benefit analysis
B) Attempt to establish the source of the funds
C) Examine the latest Interpol watch list
D) Seek Authority approval to proceed
4. As part of its obligations under the Authority regulations, a commodities CCP carries out periodic back tests.
Why are these tests required?
A) To establish the extreme limits of default-fund tolerance
B) To ensure stress-test scenarios are adequate
C) To avoid the need for regular stress testing
D) To find the correct level of default-fund contributions
5. Each licence applicant must submit a risk management guide that includes:
A) the procedures and mechanisms that ensure that the responsible officer shall have access to all records
B) the procedures and mechanisms required to enable the internal auditor to act independently
C) the mechanisms required to enable the compliance officer to have access to sufficient resources
D) development and implementation of policies and procedures
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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