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CISI UAE Financial Rules and Regulations Sample Questions:
1. What proportion of the market value of securities owned by a brokerage company are used to increase the value of its guarantee?
A) 80%
B) 70%
C) 60%
D) 50%
2. Which of the following is a sanction available to the Authority in the event of a violation of its provisions?
A) Suspend the licensed body for a period of two years
B) Suspend any financial activity practised during an investigation
C) Impose a financial fine of not more than AED 100,000
D) Impose a financial fine of not less than AED 100,000
3. If in-kind shares are provided when the fund is founded; if the subscription fails and there is no special agreement, who would bear the expenses?
A) Founders
B) Share providers
C) Auditors
D) Evaluators
4. Membership of an Authority regulated market is obligatory for which of the following entities?
A) Licensed brokers
B) Listed joint-stock companies and licensed brokers
C) Listed joint-stock companies, licensed brokers and any other type of business entity
D) Listed joint-stock companies, licensed brokers and other listed entities
5. Where a local investment fund is established by an entity licensed to conduct family investment management, what minimum proportion of the units must be owned by family members?
A) 100%
B) 90%
C) 75%
D) 51%
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
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