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CISI UAE Financial Rules and Regulations Sample Questions:
1. 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 new director had less than 5 years' experience
B) The obligor failed to also notify the market
C) The obligor failed to give 14 days' notice
D) The new director held a foreign passport
2. Under what circumstances must licensed entities provide the Authority with copies of appropriateness reports issued to clients?
A) Only if requested by them to do so
B) Routinely on a quarterly basis
C) Routinely on a monthly basis
D) Only if a complaint is made
3. When licence applicants submit behaviour regulations including a professional code of ethics, this falls under the category of:
A) employee regulation
B) technical system
C) administration regulation
D) governance regulation
4. Where an applicant for a financial activities licence uses a cloud-based server, they must set out provisions to ensure the outsourced party can operate with zero data loss for what stated period?
A) Three years
B) Five years
C) Seven years
D) Ten years
5. A vote carried out by the board of the Authority resulted in a tie. What happens in these circumstances?
A) The decision is postponed until another vote can be taken
B) The vote for the resolution is automatically carried
C) The chairman or their deputy is granted the casting vote
D) The vote against the resolution is automatically carried
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: C |




