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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Markets | 10% | - Listing and admission requirements - UAE exchanges: DFM, ADX, NASDAQ Dubai - Trading and settlement rules |
| Topic 2: Trading | 20% | - Market integrity and surveillance - Reporting and compliance requirements - Trading rules and mechanisms |
| Topic 3: Associated Market and Securities Legislation and Practice | 6% | - Securities laws and regulations - Market operation rules - Legal obligations of market participants |
| Topic 4: The Regulatory Infrastructure | 10% | - Roles and powers of regulators - Regulatory bodies: SCA, CBUAE, DFSA, FSRA - Legislative framework and regulatory objectives |
| Topic 5: Market Conduct Legislation and Regulation | 28% | - Insider dealing and market abuse - Financial crime, AML and CFT regulations - Disclosure and transparency obligations |
| Topic 6: Client Protection | 20% | - Communications, reporting and complaints handling - Client assets and money protection - Client identification and classification |
| Topic 7: Authorised Persons | 6% | - Licensing and authorization requirements - Obligations of authorized firms and individuals - Conduct of business rules |
1. 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) A written complaint is made relating to a market activity
C) It transpires that the spouse of a board member is a director of that entity
D) It does not have the technical equipment necessary to conduct its activity electronically
2. 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) Share providers
B) Evaluators
C) Founders
D) Auditors
3. Where a brokerage firm on the DFM has a client with a debit balance, the regulations prevent the firm from:
A) providing investment advice to the client
B) paying any cash to the client
C) selling securities on the client's behalf
D) accepting new orders from the client
4. Following a public subscription, what must a Special Purpose Acquisition Company do with the proceeds?
A) Deposit not less than 90% of the public subscription proceeds within one business day of receipt
B) Deposit not less than 90% of the public subscription proceeds within two business days of receipt
C) Deposit not less than 100% of the public subscription proceeds within one business day of receipt
D) Deposit not less than 100% of the public subscription proceeds within two business days of receipt
5. The Corporate Governance Guide automatically allows board members of public joint-stock companies to accept gifts up to what maximum stated value?
A) AED 300
B) AED 200
C) AED 500
D) AED 100
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
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