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| Section | Weight | Objectives |
|---|---|---|
| Markets | 10% | - Trading and settlement rules - Listing and admission requirements - UAE exchanges: DFM, ADX, NASDAQ Dubai |
| Market Conduct Legislation and Regulation | 28% | - Disclosure and transparency obligations - Insider dealing and market abuse - Financial crime, AML and CFT regulations |
| Associated Market and Securities Legislation and Practice | 6% | - Legal obligations of market participants - Market operation rules - Securities laws and regulations |
| Trading | 20% | - Reporting and compliance requirements - Market integrity and surveillance - Trading rules and mechanisms |
| The Regulatory Infrastructure | 10% | - Legislative framework and regulatory objectives - Roles and powers of regulators - Regulatory bodies: SCA, CBUAE, DFSA, FSRA |
| Authorised Persons | 6% | - Licensing and authorization requirements - Conduct of business rules - Obligations of authorized firms and individuals |
| Client Protection | 20% | - Communications, reporting and complaints handling - Client identification and classification - Client assets and money protection |
1. If an error in the final cash settlement price of an equity index comes to the attention of the Exchange more than 30 minutes after the publication of the final cash settlement price, what happens?
A) Liability is apportioned
B) It will be re-determined
C) The provider will correct it
D) No correction will be made
2. On the Dubai Gold & Commodities Exchange, how many delivery months are available for trading in Dubai India Quanto Crude Oil futures?
A) 2
B) 6
C) 18
D) 12
3. Which of the following features of a previous order can be changed with the order remaining valid?
A) Share category
B) Volume
C) Order type
D) Market
4. Following a public subscription, what must a Special Purpose Acquisition Company do with the proceeds?
A) Deposit not less than 100% of the public subscription proceeds within one business day of receipt
B) Deposit not less than 90% of the public subscription proceeds within one business day of receipt
C) Deposit not less than 100% of the public subscription proceeds within two business days of receipt
D) Deposit not less than 90% of the public subscription proceeds within two business days of receipt
5. The whistleblowing policy submitted by an applicant for a financial activities licence must include a mechanism for:
A) protecting the reporting employee
B) disciplining staff proven to have breached rules
C) escalating any reports to board level
D) ensuring all staff have a named reporting contact
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
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