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CISI UAE Financial Rules and Regulations Sample Questions:
1. Unless otherwise agreed, a broker must submit to the client a statement of account that outlines the client's balance of securities and cash, and all transactions executed every:
A) 6 months
B) 12 months
C) month
D) 3 months
2. DFM brokerage firms are required to ensure that employees have appropriate professional experience if they:
A) are new to the company or the industry
B) are employed to operate an electronic trading or clearing system
C) are employed to deal with clients or on their behalf
D) are on full-time or substantial part-time contracts
3. The policies of a firm applying for a financial activities licence must include arrangements to provide a copy of its complaints handling procedure to clients:
A) within 48 hours of accepting the client
B) on receipt of a complaint
C) within 24 hours of accepting the client
D) on request
4. When licence applicants submit behaviour regulations including a professional code of ethics, this falls under the category of:
A) employee regulation
B) governance regulation
C) technical system
D) administration regulation
5. When a company applies to become a Special Purpose Acquisition Company, its sponsors must prepare proposals to:
A) identify potential money laundering
B) reduce the risk to investors
C) manage conflicts of interest
D) deal with succession planning
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: C |
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