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 #19

A licensed person who conducts financial activities related to security tokens is required to carry out a suitability check only if:

A. the token falls into the high risk category

B. the amount being invested exceeds AED 100,000

C. the client is not a qualified investor

D. the licensed person has less than 3 years' relevant experience

Discussion 0

Correct Answer: C Vote an answer

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Question #20

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. equality

B. prudence

C. confidentiality

D. governance

Discussion 0

Correct Answer: C Vote an answer

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Question #21

Membership of an Authority regulated market is obligatory for which of the following entities?

A. Licensed brokers

B. Listed joint-stock companies and licensed brokers

C. Listed joint-stock companies, licensed brokers and other listed entities

D. Listed joint-stock companies, licensed brokers and any other type of business entity

Discussion 0

Correct Answer: C Vote an answer

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Question #22

For all local funds, a semi-annual report on the public fund's performance must be prepared no later than:

A. 45 days from the end of the semi-annual period

B. 2 months from the end of the semi-annual period

C. 2 months from the end of the financial year

D. 30 days from the end of the financial year

Discussion 0

Correct Answer: B Vote an answer

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Question #23

A failure to report suspicions, or gross negligence in implementing processes and procedures in relation to suspicions of money laundering, can result in a fine of:

A. no less than AED 1,000,000 and no more than AED 10,000,000

B. no less than AED 100,000 and no more than AED 5,000,000

C. no less than AED 50,000 and no more than AED 1,000,000

D. no less than AED 100,000 and no more than AED 1,000,000

Discussion 0

Correct Answer: B Vote an answer

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Question #24

Which of the following is an administrative penalty that can be imposed on financial institutions that violate the law and regulations in relation to money laundering and terrorism financing?

A. A penalty of no less than AED 5,000 and no more than AED 1,000,000 for each violation

B. A penalty of no less than AED 50,000 and no more than AED 5,000,000 for each violation

C. A penalty of no less than AED 15,000 and no more than AED 5,000,000 for each violation

D. A penalty of no less than AED 100,000 and no more than AED 10,000,000 for each violation

Discussion 0

Correct Answer: B Vote an answer

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