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| Section | Objectives |
|---|---|
| Topic 1: Financial Conduct and Compliance | - Conduct of business standards
|
| Topic 2: Regulatory Ethics and Professional Standards | - Regulatory accountability
|
| Topic 3: UAE Financial Regulatory Framework | - Federal financial regulation structure
|
| Topic 4: Anti-Money Laundering and Financial Crime | - AML/CFT requirements in the UAE
|
1. Each licence applicant must submit a risk management guide that includes:
A) the mechanisms required to enable the compliance officer to have access to sufficient resources
B) the procedures and mechanisms required to enable the internal auditor to act independently
C) development and implementation of policies and procedures
D) the procedures and mechanisms that ensure that the responsible officer shall have access to all records
2. If the perpetrator of a money laundering crime is a repeat offender, what impact does this have on the minimum fine compared to a first offence?
A) It is doubled
B) It is tripled
C) It is quadrupled
D) It is increased by 50%
3. If the mid-point is used to determine the theoretical auction price for a pre-closing session of the DFM, it is:
A) rounded to one decimal place
B) rounded down to the nearest price tick
C) rounded up to the nearest price tick
D) rounded to two decimal places
4. A fund manager is considering investing in medium-term bonds, commercial papers, and deposit certificates.
Under the regulations, which of these can be held under a cash investment fund?
A) Commercial papers and deposit certificates only
B) Medium-term bonds, commercial papers and deposit certificates
C) Deposit certificates and medium-term bonds only
D) Medium-term bonds and commercial papers only
5. Why would the Authority board resolve temporarily to halt trading in the shares of any company?
A) A threat to the proper and regular working of that market arises
B) It transpires that the spouse of a board member is a director of that entity
C) It does not have the technical equipment necessary to conduct its activity electronically
D) A written complaint is made relating to a market activity
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |
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