Securities were recently traded on behalf of the 14 year old son of an SCA board member. What disclosure, if any, must the board member make relating to this transaction?
Select one:
What administrative sanction can be imposed on the authorized employees of a licensed body for a violation?
What should be included in the guide for technical systems provided by licence applicants?
What should licence applicants provide regarding internal audit processes?
How should licence applicants deal with complaints filed by clients, according to the Complaints Handling section?
What should be included in the procedures for outsourcing to a party outside the State?
What is required regarding recordkeeping procedures for licence applicants?
What does the Complaints Handling section emphasize regarding complainant notification?
The Authority may cancel the license of the licensed body or cancel the approval to practice the financial activity in all of the following cases, EXCEPT
A broker must be licensed by the SCA and practice through a company with paid up capital of not less than:
Which of the following is one of the Securities and Commodities Authority's principal objectives?
In order to comply with the corporate governance code, a joint stock company must do which one of the following?
A claimant requests arbitration in a dispute involving the trading of securities. According to the SCA regulations, which of the following is true?
A public joint stock company fails to comply with the UAE corporate governance code. The SCA can impose all of the following penalties, EXCEPT:
In addition to owning securities, and entering into commercial activities, which of the following is NOT permitted of the Securities and Commodities Authority?
A commodities market is applying for a licence to operate in the UAE. It is a public company with an appropriately equipped building from which to operate. What else is expected for the application to be successful?
What is the primary objective of the Corporate Governance Guide for Public Joint Stock Companies?
What obligations do members of the Chartered Institute for Securities & Investment (CISI) have regarding compliance with laws and regulations?
According to the CISI's Code of Conduct, when faced with a decision, what considerations should professionals take into account?
Which CISI Principle emphasizes the importance of treating all counterparties and business partners with respect to maintain mutual trust?
What is the minimum capital requirement for a corporate person to establish a self-managed fund?
What must be submitted to the Authority within 30 days of closing subscriptions for final approval of a local fund?
Which of the following is a restriction on transferring title to private fund units?
What is the consequence of acting based only on the initial approval for a local fund's activity?
What is a private equity fund's minimum requirement for incorporation agreement?
Which of the following details must be included in the prospectus for an exchange-traded fund?
A fund must disclose the following in its investments policy, except
Which of the following reports to be submitted by a Fund to SCA, within 45 days?
What key factor dictates whether a venture capital fund has a regulatory obligation to appoint risk management officer?
If the bought-back shares not sold within 2 years of the date of the last buyback, the buyback transaction will be considered as:
Which of the following types of financial instrument is normally covered by the insider trading rules?
The suitability standards need to be considered when:
What conditions must a brokerage company meet to gain approval for providing E-Trading services on the ADX?
When do price limits not apply to shares on their very first trading session on the DFM?
During the preopening session, what cannot be done in the final five minutes?
What happens to unexecuted orders at the end of the preopening session?
How are buying or selling orders executed if entered at an equal or higher/lower price than the opposite side during the trading session?
What happens if a Market Order is partially executed?
What is an Immediate or Cancel order?
What is a characteristic of Fill or Kill (FOK) Orders?
If multiple orders are entered at the same price on DFM, how are they arranged based on timing priority?
According to DFM rules, if an order has been traded, what happens to the order cancellation?
In the prioritization of orders on DFM, what is given priority when multiple orders are entered at the same price?
How is the arrangement of buying and selling orders done on DFM based on price priority?
According to DFM rules, what happens to an order if its validity duration is changed?
What is the order handling priority given to on DFM if orders are entered during the previous trading session?
What is one of the obligations of a brokerage company when providing E-Trading services?
What is a central requirement for foreign brokerage companies to gain remote access to the ADX?
How often must a foreign brokerage company submit a compliance report to the ADX?
To act as CCP, which of the following conditions must be fulfilled?
A. The applicant must be a PJSC incorporated within the UAE.
B. Shareholders’ funds must not be less than AED 50 million.
C. The licence fee of AED 200,000 must be paid to the SCA in advance
D. Of the BOD, at least 3 members, must be independent
The last trading day for which of the following commodities traded on the Dubai Gold & Commodities Exchange is two business days prior to the last business day of the delivery month?
In line with standard procedures, by what LATEST time on the settlement day must the amounts shown in the settlement report be transferred to the Abu Dhabi Securities Exchange settlement account?
When a pledge request relating to a mortgage is submitted to the Clearing, Settlement and Depository Department, the application form must include which of the following details?
A bonus share allocation added to shares deposited in an account with the Clearing, Settlement and Depository Department includes a half share. How will this half share be dealt with?
What must brokerage companies operating on the Abu Dhabi Securities Exchange provide within 45 days of the end of each specified fiscal period?
What does the difference between the clean and dirty prices of debt instruments shown on the E-Trading system represent?
What is the MINIMUM price movement for India Gold Quanto Futures contracts on the Dubai Gold & Commodities Exchange?
West Texas intermediate Mini crude oil future contract on DGCE, how many delivery months available for trading?
In the benchmark reference gold future price is not available on the last trading day for India Gold Future on the DGCE. How will the final cash settlement price be determined?
When a big block deal is executed through E-trading system of ADX, the amount traded will be what minimum proportion of the issuer’s capital?
Complex’ financial products are those products:
Whether a client is experienced is measured by:
Suitability report must include the following, except
Appropriateness standard is required to assess if the complex product is suitable, when:
Factors except which of the following is considered to assess if a complex product is appropriate for the client or not?
When promoting any financial product, the promoter must notify SCA of the promotion and SCA may within …………..days of the date of such notice, may stop all promotions, if in the public interest.
When promoting units in investment funds, the promoter must notify SCA AND the SCA may approve or reject the application within ………………Days of the date of submitting the application.
If the foreign fund is a private offering, then the promotion should comply with:
How frequently are periodic reports normally expected from an investment manager to its retail clients?
Which of the following investments is covered by the insider dealing legislation?
For foreign PEPs, which of the following is incorrect?
Financial institutions and DNFBPs must retain all records for a period of?
There are hefty penalty and imprisonment provisions for using funds for terrorist financing. Which of the following is correct?
Which one of the following best describes the purpose of the SCA's Disclosure and Transparency regulations?
Which one of the following is true in relation to best practice involving inducements?
Which of the following measures are taken related to delisting the company?
Which of the following criteria must be fulfilled by a corporate person to be termed as qualified investors?
For a debt security to be listed, which of the following conditions are required to be met?
Who is responsible for setting the fee charged to an investor requesting a statement of account from the Depository Centre?
The rule that subscribers to shares in newly incorporated public joint-stock companies must be qualified investors is automatically waived in cases where:
To comply with the regulations, the operator of a crypto assets exchange must provide all its users with a risk statement prepared in line with:
What event would cause a listed company to automatically lose its position in the first category of listing?
Where a client wishes to exchange crypto assets for which the transaction history cannot be traced, what action should a licensed firm take?
When Islamic securities are offered, which of the following details must be included in the offering document or prospectus?
The issuer of debt must inform the SCA and the stock exchange immediately after approval by the board of directors or managers the following information, Except: Select one:
What is the minimum required aggregate value of debt securities to be listed? Select one:
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