Free CISI UAE-Financial-Rules-and-Regulations Practice Test & Real Exam Questions

Exam Code/Number: UAE-Financial-Rules-and-Regulations
Exam Name/Title: CISI UAE Financial Rules and Regulations Exam
Certification Provider: CISI
Corresponding Certification: Investment Operations Certificate (IOC)

Exam Questions: 102
Updated On: Jul 05, 2026

Question #13

Which category of firm is required to provide accounts using a 'Unified Centralised Back Office System'?

A. Category 3 - Custody, clearing and recording

B. Category 1 - Dealing in securities

C. Category 4 - Credit rating agencies

D. Category 2 - Dealing in investments

Discussion 0

Correct Answer: A Vote an answer

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Question #14

When updating their money laundering compliance framework, firms involved in crypto assets are required to take into account the recommendations of which body?

A. Bank for International Settlements

B. Financial Action Task Force

C. World Bank

D. United Nations Office on Drugs and Crime

Discussion 0

Correct Answer: B Vote an answer

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Question #15

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. 3%

C. 51%

D. 25%

Discussion 0

Correct Answer: D Vote an answer

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Question #16

An error was made by a broker which led to a trade being conducted using the wrong trading account number.
If the trader submitted a request to have the number amended 40 minutes after the end of the trading session, the amendment would only be made if:

A. an impact assessment gives acceptable results

B. the circumstances are considered to be exceptional

C. the correction is within a 5% error margin

D. an alteration fee is paid at the same time

Discussion 0

Correct Answer: B Vote an answer

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Question #17

The disclosure of a licensed body's legal status, including the fact that it is licensed by the Authority, is important because:

A. it forces firms to disclose their regulatory status and that they are subject to the Authority's control and supervision

B. it enables those that might suffer from perceived or actual misbehaviour at the hands of a firm to raise their concerns with the regulator

C. it ensures that no clients suffer from perceived or actual misbehaviour at the hands of a firm which is regulated

D. it allows third party firms to use, utilise, or copy the Authority's logo for any reason and this reassures clients

Discussion 0

Correct Answer: B Vote an answer

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Question #18

The Board of a securities market wished to suspend a rule relating to the operations of that market, why was it unable to do so?

A. A 30-day notice was not provided

B. The majority of the board was not present

C. An Authority penalty was pending

D. It failed to seek permission from the Authority

Discussion 0

Correct Answer: D Vote an answer

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