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Updated: Jun 20, 2026

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CISI UAE Financial Rules and Regulations Sample Questions:

1. For all local funds, a semi-annual report on the public fund's performance must be prepared no later than:

A) 45 days from the end of the semi-annual period
B) 2 months from the end of the financial year
C) 2 months from the end of the semi-annual period
D) 30 days from the end of the financial year


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

A) regular operational resilience exercises
B) external consultants
C) an independent audit function
D) the audit committee


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) within 24 hours of accepting the client
C) on receipt of a complaint
D) on request


4. In order to be authorised to deal in investments, which of the following professional roles would the Authority expect to see within the firm?

A) Operations Manager
B) Trading Manager
C) Broker Representative
D) Compliance Officer


5. In cases where securities are bought and sold during the same trading session, the client must have in its cash account enough:

A) credit to cover the value of purchase
B) securities to the value of purchase
C) credit to cover the value of sale
D) credit to cover the value of any losses


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: A

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