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CISI UAE Financial Rules and Regulations Sample Questions:
1. A vote carried out by the board of the Authority resulted in a tie. What happens in these circumstances?
A) The vote against the resolution is automatically carried
B) The vote for the resolution is automatically carried
C) The decision is postponed until another vote can be taken
D) The chairman or their deputy is granted the casting vote
2. When promoting private funds, related materials must:
A) clarify the private fund's specific nature and include the required disclaimer laid down by the Authority
B) advise that the funds cannot be transferred to a third party
C) receive prior approval of the content from the Authority
D) refrain from using public advertisement media of certain types, including audio and video, with the exception of read media
3. What does the Authority usually do before deciding to delist a company's shares?
A) Consult with the relevant firm
B) Issue an improvement notice of 30 days
C) Consult with the relevant market
D) Issue a fine for payment within 30 days
4. Why might employees in one part of a regulated business be permitted to withhold information from employees in another part of the business?
A) Strict privacy of client information
B) Prevention of insider trading
C) At the request of the audit function
D) To comply with a Chinese wall
5. 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) Evaluators
B) Auditors
C) Share providers
D) Founders
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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