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

  • Exam Code: UAE-Financial-Rules-and-Regulations
  • Exam Name: CISI UAE Financial Rules and Regulations Exam
  • Updated: Sep 02, 2025     Q & A: 102 Questions and Answers

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CISI UAE Financial Rules and Regulations Sample Questions:

1. Under what circumstances must licensed entities provide the Authority with copies of appropriateness reports issued to clients?

A) Only if a complaint is made
B) Routinely on a monthly basis
C) Only if requested by them to do so
D) Routinely on a quarterly basis


2. 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) development and implementation of policies and procedures
C) the mechanisms required to enable the compliance officer to have access to sufficient resources
D) the procedures and mechanisms required to enable the internal auditor to act independently


3. If the perpetrator of a money laundering crime is a repeat offender, what impact does this have on the minimum fine compared to a first offence?

A) It is tripled
B) It is quadrupled
C) It is increased by 50%
D) It is doubled


4. When collecting data from official authorities, evaluators of investment fund in-kind shares are required to abide by the principles of honesty, justice and:

A) confidentiality
B) equality
C) governance
D) prudence


5. If an issuer provides its shareholders with bonus shares, then the CSD Department will deposit the bonus shares issued in the account and will register them as a whole, round number. What happens in the case that there are fractions of shares?

A) The issuing company must sell them within 30 days
B) The issuing company must sell them within 45 days
C) These are also added to the shareholder's account
D) They are totalled up and put in a suspense account


Solutions:

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

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