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CISI UAE Financial Rules and Regulations Sample Questions:
1. Under what circumstances, if any, is an introducer allowed to provide an investor with financial analysis?
A) Under no circumstances
B) Only if the client proactively requests one
C) Only if it is licensed to do so
D) Only if no recommendations are made
2. When establishing a local investment fund, how much are the founders required to subscribe?
A) At least 10 million dirhams
B) At least 20 million dirhams
C) At least 5 million dirhams
D) At least 1 million dirhams
3. The conciliation process allows the Authority to impose what alternative to criminal prosecution?
A) Referral to the Central Bank
B) Negotiated out-of-court settlement
C) Suspension of activities for a specified period
D) Payment of a prescribed amount of money
4. 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
5. The compliance regulation guide, submitted by an applicant for a license from the Authority, must set out procedures and mechanisms which will ensure that the compliance officer:
A) has access to sufficient resources
B) can appoint a deputy during an unplanned absence
C) is able to suspend operations in an emergency
D) can report confidentially to the regulator
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |








