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CISI UAE Financial Rules and Regulations Sample Questions:
1. The minimum paid-up capital requirement for ranking and advice firms is:
A) AED 50 million
B) AED 5 million
C) AED 30 million
D) none
2. Membership of an Authority regulated market is obligatory for which of the following entities?
A) Licensed brokers
B) Listed joint-stock companies, licensed brokers and any other type of business entity
C) Listed joint-stock companies and licensed brokers
D) Listed joint-stock companies, licensed brokers and other listed entities
3. Which of the following financial activities comes under the fifth category licence?
A) Dealing in securities
B) Arrangement and advice
C) Credit rating agencies
D) Dealing in investments
4. What does the Authority usually do before deciding to delist a company's shares?
A) Issue an improvement notice of 30 days
B) Consult with the relevant market
C) Issue a fine for payment within 30 days
D) Consult with the relevant firm
5. Why might employees in one part of a regulated business be permitted to withhold information from employees in another part of the business?
A) To comply with a Chinese wall
B) At the request of the audit function
C) Strict privacy of client information
D) Prevention of insider trading
Solutions:
Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |