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 #7

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. full name of portfolio manager

B. commercial register number and commercial licence

C. nature of the entity, its legal form, type and capital

D. profession, exact address, PO Box and phone number

Discussion 0

Correct Answer: D Vote an answer

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Question #8

If in-kind shares are provided when the fund is founded; if the subscription fails and there is no special agreement, who would bear the expenses?

A. Share providers

B. Auditors

C. Evaluators

D. Founders

Discussion 0

Correct Answer: D Vote an answer

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Question #9

The last trading day for an India Gold Quanto Futures contract is:

A. the 25th calendar day of the delivery month

B. four business days prior to the 25th calendar day of the delivery month

C. one business day prior to the last business day of the delivery month

D. two business days prior to the last business day of the delivery month

Discussion 0

Correct Answer: D Vote an answer

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Question #10

When promoting private funds, related materials must:

A. refrain from using public advertisement media of certain types, including audio and video, with the exception of read media

B. receive prior approval of the content from the Authority

C. clarify the private fund's specific nature and include the required disclaimer laid down by the Authority

D. advise that the funds cannot be transferred to a third party

Discussion 0

Correct Answer: C Vote an answer

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Question #11

During an investigation, what should a licensed body do if it discovers that any of the submitted documents or information are incorrect, misleading or have been changed?

A. Notify the concerned entity at the Authority or any of the capital market institutions within 5 working days

B. The Chair and Board of Directors should notify the Authority and tender their resignations

C. Notify the concerned entity at the Authority or any of the capital market institutions immediately

D. Call an emergency Board meeting and thereafter notify the concerned entity at the Authority

Discussion 0

Correct Answer: C Vote an answer

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Question #12

A fund manager is considering investing in medium-term bonds, commercial papers, and deposit certificates.
Under the regulations, which of these can be held under a cash investment fund?

A. Medium-term bonds and commercial papers only

B. Deposit certificates and medium-term bonds only

C. Medium-term bonds, commercial papers and deposit certificates

D. Commercial papers and deposit certificates only

Discussion 0

Correct Answer: D Vote an answer

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