Pass Your CISI UAE-Financial-Rules-and-Regulations Exam with Correct 102 Questions and Answers [Q55-Q77]

Q55. Establishing a local investment fund requires the approval of the Authority, for a public fund this will either be granted or rejected within:

Q56. When establishing a local investment fund, how much are the founders required to subscribe?

Q57. 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?

Q58. Anyone who notifies or warns a person in relation to suspicions, or reveals any transaction under review in relation to suspicions, is guilty of:

Q59. A vote carried out by the board of the Authority resulted in a tie. What happens in these circumstances?

Q60. The watch list, which is monitored by an Authority-established committee, consists of which group of companies?

Q61. What is the maximum term of imprisonment that can be imposed on a person who attempts to commit the crime of money laundering?

Q62. The disclosure of a licensed body’s legal status, including the fact that it is licensed by the Authority, is important because:

Q63. If the two evaluators for an in-kind share transfer produce different fair value figures, what figure must be used?

Q64. Where a local investment fund is established by an entity licensed to conduct family investment management, what minimum proportion of the units must be owned by family members?

Q65. When a company applies to become a Special Purpose Acquisition Company, its sponsors must prepare proposals to:

Q66. 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:

Q67. An obligor with a retail primary listing of Sukuk immediately notified the Authority when one of its board directors was replaced. Why was the obligor considered to be in breach of its continuing obligations?

Q68. Why would the Authority board resolve temporarily to halt trading in the shares of any company?

Q69. The minimum price movement for a West Texas Intermediate (WTI) Light Sweet Oil Futures contract is:

Q70. DFM brokerage firms are required to ensure that employees have appropriate professional experience if they:

Q71. In order to be authorised to deal in investments, which of the following professional roles would the Authority expect to see within the firm?

Q72. 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?

Q73. Where an applicant for a financial activities licence uses a cloud-based server, they must set out provisions to ensure the outsourced party can operate with zero data loss for what stated period?

Q74. When collecting data from official authorities, evaluators of investment fund in-kind shares are required to abide by the principles of honesty, justice and:

Q75. Which of the following is a sanction available to the Authority in the event of a violation of its provisions?

Q76. Following a public subscription, what must a Special Purpose Acquisition Company do with the proceeds?

Q77. When debt securities are offered through a public subscription, the offeror will be required to announce any replacement of the trustee: