CISI UAE Financial Rules and Regulations Exam (UAE-Financial-Rules-and-Regulations) Free Practice Test

Question 1

When licence applicants submit behaviour regulations including a professional code of ethics, this falls under the category of:

A. governance regulation

B. administration regulation

C. technical system

D. employee regulation

Correct Answer: A

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Question 2

A public real estate investment fund must distribute at least what percentage of the achieved net profits every year, to the holders of its units?

A. 75%

B. 80%

C. 50%

D. 100%

Correct Answer: B

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Question 3

The minimum paid-up capital requirement for ranking and advice firms is:

A. AED 50 million

B. AED 5 million

C. none

D. AED 30 million

Correct Answer: B

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Question 4

Why would a transaction to purchase securities be declared null and void?

A. The investor has a conviction of an offence of dishonour

B. It was the result of a rumour being spread

C. The Authority has levied a penalty for delay of payment

D. The individual is a former employee

Correct Answer: B

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Question 5

The Authority will only grant a licence to operate a crypto fundraising platform in the UAE if the applicant is a legal person in the form of:

A. an exchange licensed by a market in the UAE

B. a sophisticated trader or a qualified investor

C. an exchange licensed by the Authority in the UAE

D. a company incorporated under Shariah law

Correct Answer: C

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Question 6

A public joint-stock company is automatically prevented by the regulations from executing a buyback transaction if it:

A. was incorporated in the last three years

B. issued shares in a public offer in the last six months

C. is formally classed as an insurance company

D. has been designated a company of State importance

Correct Answer: B

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Question 7

If a Special Purpose Acquisition Company fails to complete a business combination, measures to return the funds to investors must be taken within what maximum number of business days?

A. 15

B. 20

C. 25

D. 10

Correct Answer: B

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Question 8

Where a client is a legal person, the customer due diligence obligations require verification of identity for any natural persons holding what minimum controlling ownership interest?

A. 10%

B. 51%

C. 3%

D. 25%

Correct Answer: D

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CISI UAE Financial Rules and Regulations (UAE-Financial-Rules-and-Regulations) Free Practice Test