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CISI UAE Financial Rules and Regulations Sample Questions:
1. The role of the authorised agent of the exchange-traded fund (ETF) is to:
A) announce the net value of the unit's assets on a daily basis
B) update sell and buy orders
C) regularly announce the indicative value of the net value of assets
D) ensure that the transfer of ownership of units is completed
2. When collecting data from official authorities, evaluators of investment fund in-kind shares are required to abide by the principles of honesty, justice and:
A) governance
B) prudence
C) confidentiality
D) equality
3. Establishing a local investment fund requires the approval of the Authority, for a public fund this will either be granted or rejected within:
A) 5 working days
B) 20 working days
C) 30 working days
D) 10 working days
4. The whistleblowing policy submitted by an applicant for a financial activities licence must include a mechanism for:
A) disciplining staff proven to have breached rules
B) escalating any reports to board level
C) ensuring all staff have a named reporting contact
D) protecting the reporting employee
5. For all local funds, a semi-annual report on the public fund's performance must be prepared no later than:
A) 30 days from the end of the financial year
B) 2 months from the end of the financial year
C) 45 days from the end of the semi-annual period
D) 2 months from the end of the semi-annual period
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |






