Free CISI UAE-Financial-Rules-and-Regulations Exam Dumps Questions & Answers

Which of the following financial activities comes under the fifth category licence?

• A.  Dealing in securities
• B.  Arrangement and advice
• C.  Dealing in investments
• D.  Credit rating agencies

Each licence applicant must submit a risk management guide that includes:

• A.  development and implementation of policies and procedures
• B.  the procedures and mechanisms that ensure that the responsible officer shall have access to all records
• C.  the procedures and mechanisms required to enable the internal auditor to act independently
• D.  the mechanisms required to enable the compliance officer to have access to sufficient resources

The Corporate Governance Guide automatically allows board members of public joint-stock companies to accept gifts up to what maximum stated value?

• A.  AED 100
• B.  AED 200
• C.  AED 500
• D.  AED 300

If a discrepancy comes to light when conducting an external reconciliation, what must the firm do?

• A.  Immediately inform the regulator verbally and follow this up in writing
• B.  Close the client's account by close of business on the same day
• C.  Immediately suspend operations with the third party
• D.  Investigate and correct it as soon as possible

An obligor with a retail primary listing of Sukuk immediately notified the Authority when one of its board directors was replaced. Why was the obligor considered to be in breach of its continuing obligations?

• A.  The obligor failed to give 14 days' notice
• B.  The new director had less than 5 years' experience
• C.  The new director held a foreign passport
• D.  The obligor failed to also notify the market