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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Associated Market and Securities Legislation and Practice | 6% | - Market operation rules - Legal obligations of market participants - Securities laws and regulations |
| Topic 2: The Regulatory Infrastructure | 10% | - Regulatory bodies: SCA, CBUAE, DFSA, FSRA - Legislative framework and regulatory objectives - Roles and powers of regulators |
| Topic 3: Client Protection | 20% | - Client identification and classification - Communications, reporting and complaints handling - Client assets and money protection |
| Topic 4: Authorised Persons | 6% | - Conduct of business rules - Obligations of authorized firms and individuals - Licensing and authorization requirements |
| Topic 5: Trading | 20% | - Market integrity and surveillance - Trading rules and mechanisms - Reporting and compliance requirements |
| Topic 6: Market Conduct Legislation and Regulation | 28% | - Financial crime, AML and CFT regulations - Insider dealing and market abuse - Disclosure and transparency obligations |
| Topic 7: Markets | 10% | - Listing and admission requirements - Trading and settlement rules - UAE exchanges: DFM, ADX, NASDAQ Dubai |
1. When a company applies to become a Special Purpose Acquisition Company, its sponsors must prepare proposals to:
A) deal with succession planning
B) identify potential money laundering
C) manage conflicts of interest
D) reduce the risk to investors
2. The role of the authorised agent of the exchange-traded fund (ETF) is to:
A) ensure that the transfer of ownership of units is completed
B) regularly announce the indicative value of the net value of assets
C) announce the net value of the unit's assets on a daily basis
D) update sell and buy orders
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) Share providers
B) Evaluators
C) Founders
D) Auditors
4. When establishing a local investment fund, how much are the founders required to subscribe?
A) At least 20 million dirhams
B) At least 10 million dirhams
C) At least 5 million dirhams
D) At least 1 million dirhams
5. Where a client is a legal person, the customer due diligence obligations require verification of identity for any natural persons holding what minimum controlling ownership interest?
A) 25%
B) 3%
C) 51%
D) 10%
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A |
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