UAE Financial Rules and Regulations Exam Free Dumps

dumps2025-10-04T11:40:22+08:00

UAE Financial Rules and Regulations exam is easy to take now. It is the first step for you to study UAE Financial Rules and Regulations exam information in your preparation. There are 100 multiple-choice questions in real UAE Financial Rules and Regulations exam, and you have 2 hours to answer all the questions. The required passing mark is 70%. We provide the latest UAE Financial Rules and Regulations exam dumps, which can ensure you pass the test easily. Free UAE Financial Rules and Regulations exam dumps are available below.

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1. An applicant for a license from the Authority has submitted a feasibility study and work plan.

What method will be used to evaluate this?

An operational risk matrix

Comparison with the same sector

A stress testing exercise

SWOT analysis

2. 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:

on request

within 24 hours of accepting the client

within 48 hours of accepting the client

on receipt of a complaint

3. Where a brokerage firm on the DFM has a client with a debit balance, the regulations prevent the firm from:

accepting new orders from the client

providing investment advice to the client

paying any cash to the client

selling securities on the client’s behalf

4. Customer due diligence measures require management approval if the natural person involved is:

under the age of 21

registered as disabled

normally resident outside the State

a politically exposed person

5. A failure to report suspicions, or gross negligence in implementing processes and procedures in relation to suspicions of money laundering, can result in a fine of:

no less than AED 50,000 and no more than AED 1,000,000

no less than AED 100,000 and no more than AED 1,000,000

no less than AED 100,000 and no more than AED 5,000,000

no less than AED 1,000,000 and no more than AED 10,000,000

6. What is the minimum fine that can be levied on a person found guilty of financing an illegal organisation?

AED 150,000

AED 200,000

AED 250,000

AED 300,000

7. In which circumstances might lawyers, notary publics, other legal stakeholders and independent legal auditors be exempt from suspicious transaction reporting requirements?

When providing legal opinion with regards to legal proceedings

When advising on financial transactions for politically exposed persons

When conducting real estate transactions within the UAE

When providing services relating to beneficiaries of insurance policies

8. 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?

It is increased by 50%

It is doubled

It is tripled

It is quadrupled

9. If there is a material change in the nature of the relevant software, the regulations state that investors who have accepted an offer of crypto assets must be notified:

promptly in advance

immediately after implementation

within no less than 7 days

within no less than 14 days

10. Why might employees in one part of a regulated business be permitted to withhold information from employees in another part of the business?

At the request of the audit function

Prevention of insider trading

To comply with a Chinese wall

Strict privacy of client information

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11. The Corporate Governance Guide automatically allows board members of public joint-stock companies to accept gifts up to what maximum stated value?

AED 100

AED 200

AED 300

AED 500

12. A public joint-stock company is automatically prevented by the regulations from executing a buyback transaction if it:

is formally classed as an insurance company

has been designated a company of State importance

issued shares in a public offer in the last six months

was incorporated in the last three years

13. The Board of a securities market wished to suspend a rule relating to the operations of that market, why was it unable to do so?

It failed to seek permission from the Authority

An Authority penalty was pending

A 30-day notice was not provided

The majority of the board was not present

14. A licensed person who conducts financial activities related to security tokens is required to carry out a suitability check only if:

the token falls into the high risk category

the amount being invested exceeds AED 100,000

the client is not a qualified investor

the licensed person has less than 3 years' relevant experience

15. Which of the following acts is considered to constitute the crime of money laundering?

Investigating internal reports where concerns of illegal activities are raised by staff

Transferring or moving proceeds or conducting any transaction with the aim of highlighting or opening their source to scrutiny

Investigating or checking on the true nature, source or location of proceeds as well as the method involving their ownership

Acquiring, possessing or using proceeds from an unverified source

16. The role of the authorised agent of the exchange-traded fund (ETF) is to:

announce the net value of the unit’s assets on a daily basis

regularly announce the indicative value of the net value of assets

update sell and buy orders

ensure that the transfer of ownership of units is completed

17. When collecting data from official authorities, evaluators of investment fund in-kind shares are required to abide by the principles of honesty, justice and:

confidentiality

governance

equality

prudence

18. Each licence applicant must submit a risk management guide that includes:

development and implementation of policies and procedures

the mechanisms required to enable the compliance officer to have access to sufficient resources

the procedures and mechanisms required to enable the internal auditor to act independently

the procedures and mechanisms that ensure that the responsible officer shall have access to all records

19. If an existing company wants to offer shares after conversion into a public joint-stock company, it must have released audited financial statements for what minimum number of fiscal years prior to the request to offer shares?

Two

Three

Four

Five

20. Why would a transaction to purchase securities be declared null and void?

It was the result of a rumour being spread

The individual is a former employee

The Authority has levied a penalty for delay of payment

The investor has a conviction of an offence of dishonour

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21. During an investigation, what should a licensed body do if it discovers that any of the submitted documents or information are incorrect, misleading or have been changed?

The Chair and Board of Directors should notify the Authority and tender their resignations

Notify the concerned entity at the Authority or any of the capital market institutions within 5 working days

Call an emergency Board meeting and thereafter notify the concerned entity at the Authority

Notify the concerned entity at the Authority or any of the capital market institutions immediately

22. The effectiveness of a financial institution’s internal policies, controls and procedures to combat money laundering must be tested by:

an independent audit function

regular operational resilience exercises

external consultants

the audit committee

23. The watch list, which is monitored by an Authority-established committee, consists of which group of companies?

Companies in the first category

Companies in the second category

All private companies which have declared losses in the last 12 months

All public companies which have declared losses in the last 12 months

24. Establishing a local investment fund requires the approval of the Authority, for a public fund this will either be granted or rejected within:

5 working days

10 working days

20 working days

30 working days

25. 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?

Medium-term bonds and commercial papers only

Commercial papers and deposit certificates only

Deposit certificates and medium-term bonds only

Medium-term bonds, commercial papers and deposit certificates

26. Which category of firm is required to provide accounts using a ‘Unified Centralised Back Office System’?

Category 1 - Dealing in securities

Category 2 - Dealing in investments

Category 3 - Custody, clearing and recording

Category 4 - Credit rating agencies

27. The contract size for an MSCI India Index Futures (INR) contract is:

5 index points x price

20 index points x price

25 index points x price

50 index points x price

28. Which of the following is a sanction available to the Authority in the event of a violation of its provisions?

Impose a financial fine of not more than AED 100,000

Impose a financial fine of not less than AED 100,000

Suspend the licensed body for a period of two years

Suspend any financial activity practised during an investigation

29. Which of the following is one of the prescribed financial activities for which the Authority can issue a license?

Analysis

Promotion

Corporate planning

Risk management

30. Where a private equity fund is to be incorporated, the incorporation agreement must include a statement indicating:

who will be appointed auditor for the fund

who bears main responsibility for regulatory compliance

whether the investment management will be outsourced

whether the limited partners can influence investment management

UAE Financial Rules and Regulations Exam Free Dumps

UAE Financial Rules and Regulations Exam Free Dumps

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