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CISI UAE-Financial-Rules-and-Regulations Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Regulatory Ethics and Professional Standards | - Regulatory accountability
- 1. Regulatory reporting obligations
- 2. Responsibilities of financial professionals
- Ethical standards in financial services
- 1. Professional integrity expectations
- 2. Conflicts of interest management
|
| Topic 2: Anti-Money Laundering and Financial Crime | - Financial crime prevention
- 1. Sanctions compliance obligations
- 2. Fraud prevention controls
- AML/CFT requirements in the UAE
- 1. Suspicious transaction reporting
- 2. Customer due diligence (CDD) and KYC
|
| Topic 3: 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. Roles of central financial authorities
- 2. Overview of UAE financial governance bodies
|
| Topic 4: Financial Conduct and Compliance | - Compliance and supervision
- 1. Compliance monitoring frameworks
- 2. Internal controls and governance
- Conduct of business standards
- 1. Client suitability and disclosure obligations
- 2. Fair dealing and market integrity principles
|
CISI UAE Financial Rules and Regulations Sample Questions:
1. The watch list, which is monitored by an Authority-established committee, consists of which group of companies?
A) All public companies which have declared losses in the last 12 months
B) Companies in the first category
C) Companies in the second category
D) All private companies which have declared losses in the last 12 months
2. Unless otherwise agreed, a broker must submit to the client a statement of account that outlines the client's balance of securities and cash, and all transactions executed every:
A) 6 months
B) 12 months
C) month
D) 3 months
3. The policies of a firm applying for a financial activities licence must include arrangements to provide a copy of its complaints handling procedure to clients:
A) within 48 hours of accepting the client
B) within 24 hours of accepting the client
C) on receipt of a complaint
D) on request
4. In order for the contents of a financial promotion which quotes yield figures to satisfy the clear, fair, and not misleading rule, it should:
A) ensure all monetary examples are calculated to at least two decimal places
B) always assume the communication is intended for a retail client
C) make the promotion available simultaneously in printed form and online
D) give a balanced impression of both short and long term prospects
5. Which of the following customer due diligence measures should be taken if a client is a foreign politically exposed person?
A) Attempt to establish the source of the funds
B) Conduct a prescribed risk / benefit analysis
C) Examine the latest Interpol watch list
D) Seek Authority approval to proceed
Solutions:
Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |