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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section |
Weight |
Objectives |
| Client Protection |
20% |
- Client assets and money protection - Client identification and classification - Communications, reporting and complaints handling
|
| Trading |
20% |
- Market integrity and surveillance - Trading rules and mechanisms - Reporting and compliance requirements
|
| Market Conduct Legislation and Regulation |
28% |
- Financial crime, AML and CFT regulations - Disclosure and transparency obligations - Insider dealing and market abuse
|
| The Regulatory Infrastructure |
10% |
- Legislative framework and regulatory objectives - Regulatory bodies: SCA, CBUAE, DFSA, FSRA - Roles and powers of regulators
|
| Associated Market and Securities Legislation and Practice |
6% |
- Legal obligations of market participants - Securities laws and regulations - Market operation rules
|
| Markets |
10% |
- UAE exchanges: DFM, ADX, NASDAQ Dubai - Listing and admission requirements - Trading and settlement rules
|
| Authorised Persons |
6% |
- Conduct of business rules - Licensing and authorization requirements - Obligations of authorized firms and individuals
|
>> UAE-Financial-Rules-and-Regulations資訊 <<
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最新的 Investment Operations Certificate (IOC) UAE-Financial-Rules-and-Regulations 免費考試真題 (Q91-Q96):
問題 #91
If the mid-point is used to determine the theoretical auction price for a pre-closing session of the DFM, it is:
- A. rounded down to the nearest price tick
- B. rounded to one decimal place
- C. rounded up to the nearest price tick
- D. rounded to two decimal places
答案:C
解題說明:
The Dubai Financial Market (DFM) utilizes precise rules to calculate the theoretical auction price during pre- closing sessions to ensure market transparency and fairness. According to the CISI UAE Financial Rules and Regulations and DFM official trading manuals, when the mid-point price is used in price determination, it is roundedupto the nearest price tick. This rounding mechanism ensures consistency in pricing and avoids fractional pricing issues that could disrupt the matchingof buy and sell orders. The concept of a price tick is a minimum price movement allowed in trading, defined by the market's tick size schedule. By rounding up, the market supports price stability and protects sellers during the auction process. This is explicitly stated in DFM' s trading rules section regarding auction price calculation and tick size adjustments.
Reference:CISI UAE Financial Rules and Regulations - Dubai Financial Market Rules, Auction Price Determination, Section 5.2.3 (2023).
問題 #92
What does the Authority usually do before deciding to delist a company's shares?
- A. Issue an improvement notice of 30 days
- B. Consult with the relevant firm
- C. Consult with the relevant market
- D. Issue a fine for payment within 30 days
答案:A
解題說明:
Before deciding to delist a company's shares, the regulatory authority typically follows a procedure designed to ensure that the company has an opportunity to rectify any issues. According to the CISI UAE Financial Rules and Regulations, the Authority usually issues an improvement notice of 30 days to the company. This notice outlines the deficiencies or non-compliance issues that the company needs to address in order to avoid delisting. The 30-day period allows the company time to correct the issues, such as failure to meet financial reporting requirements, governance standards, or other operational obligations. This approach ensures fairness and transparency before taking any drastic actions like delisting.
Reference: CISI UAE Financial Rules and Regulations - Delisting Procedures, Section 2.5.3 (2023).
問題 #93
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
答案:D
解題說明:
Promotional materials for private funds in the UAE must clearly clarify the fund's specific nature and include the required disclaimer as prescribed by the Authority. This requirement ensures that potential investors receive accurate and compliant information about the private fund's characteristics, risks, and restrictions. The disclaimer serves to limit investor expectations and legal liabilities. While certain media restrictions and content approvals may apply in some jurisdictions, the key regulatory focus is on transparency and proper disclosure within promotional materials to protect investor interests.
Reference: CISI UAE Financial Rules and Regulations - Investment Funds Promotion and Disclosure Requirements, Section 6.3.9 (2023).
問題 #94
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. full name of portfolio manager
- C. commercial register number and commercial licence
- D. nature of the entity, its legal form, type and capital
答案:A
解題說明:
The Dubai Financial Market (DFM) Professional Code of Conduct mandates that brokerage firms perform thorough customer due diligence to confirm client identities. For natural persons, this includes obtaining detailed personal information such as profession, exact residential address, PO Box, and phone number. This comprehensive identification requirement supports anti-money laundering (AML) and know-your-customer (KYC) policies by enabling firms to verify clients accurately and assess their risk profiles effectively.
Commercial registration details and legal entity information apply to corporate clients, not individuals.
Collecting detailed contact and occupational data also facilitates ongoing monitoring and communication, fulfilling regulatory obligations to maintain transparent client records.
Reference: CISI UAE Financial Rules and Regulations - Client Protection and DFM Professional Code of Conduct, Section 4.1.3 (2023).
問題 #95
For all local funds, a semi-annual report on the public fund's performance must be prepared no later than:
- A. 30 days from the end of the financial year
- B. 45 days from the end of the semi-annual period
- C. 2 months from the end of the semi-annual period
- D. 2 months from the end of the financial year
答案:C
解題說明:
Per CISI UAE Financial Rules and Regulations governing investment funds, a semi-annual report on the public fund's performance must be prepared no later than 2 months from the end of the semi-annual period.
This reporting timeline ensures timely disclosure to investors and regulators, providing transparency about fund performance, investment activities, and compliance with regulatory standards. The semi-annual report serves as a key accountability mechanism, enabling investors to make informed decisions and maintain confidence in the fund management. The requirement for a two-month deadline aligns with global best practices in fund reporting.
Reference: CISI UAE Financial Rules and Regulations - Investment Funds Reporting Requirements, Section
6.5.4 (2023).
問題 #96
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