Podcast
Questions and Answers
What are the objectives of the SCA?
What are the objectives of the SCA?
Objectives of the SCA
With the exception of the chief executive, how long is the period that SCA board members hold the roles when appointed?
With the exception of the chief executive, how long is the period that SCA board members hold the roles when appointed?
Period that SCA board members hold the role when appointed
How often should the board of directors report on the markets' activities to the Cabinet of Ministers?
How often should the board of directors report on the markets' activities to the Cabinet of Ministers?
Frequency of board reporting on markets' activities to the Cabinet of Ministers
Where does the funding for the SCA come from?
Where does the funding for the SCA come from?
What is the aim of the disclosure and transparency rules?
What is the aim of the disclosure and transparency rules?
What are the powers of the SCA?
What are the powers of the SCA?
What documents need to accompany an application from a market?
What documents need to accompany an application from a market?
How quickly does the board decide on an application from a market?
How quickly does the board decide on an application from a market?
What conditions must be satisfied before a market is granted a license by the SCA?
What conditions must be satisfied before a market is granted a license by the SCA?
How is a special order defined in terms of trading?
How is a special order defined in terms of trading?
List four of the aims of the Corporate Governance Guide.
List four of the aims of the Corporate Governance Guide.
Who has the responsibility of ensuring the implementation of the Corporate Governance Guide?
Who has the responsibility of ensuring the implementation of the Corporate Governance Guide?
What should the Insiders Register include in relation to temporary insiders?
What should the Insiders Register include in relation to temporary insiders?
What is the obligation imposed on members of the CISI to uphold alongside the rules in relation to compliance?
What is the obligation imposed on members of the CISI to uphold alongside the rules in relation to compliance?
Name the stakeholders under Principle 7 - Respect Others and the Environment?
Name the stakeholders under Principle 7 - Respect Others and the Environment?
List the five SCA license categories.
List the five SCA license categories.
How do the capital adequacy requirements differ between the five license categories?
How do the capital adequacy requirements differ between the five license categories?
What are the two functions that are required in all of the five license categories?
What are the two functions that are required in all of the five license categories?
What are the main functions that are expected in a firm provided with a first category license ‘dealing in securities'?
What are the main functions that are expected in a firm provided with a first category license ‘dealing in securities'?
What is the term used for the accounting system that must be in place for firms providing license category 1 services (dealing in securities).
What is the term used for the accounting system that must be in place for firms providing license category 1 services (dealing in securities).
Flashcards
Objectives of the SCA
Objectives of the SCA
To regulate, control, and develop securities markets in the UAE.
SCA Board Member Term Length
SCA Board Member Term Length
Four years.
Frequency of Board Reporting to Cabinet of Ministers
Frequency of Board Reporting to Cabinet of Ministers
The board must report on the markets' activities to the Cabinet of Ministers at least quarterly.
SCA Funding Sources
SCA Funding Sources
Signup and view all the flashcards
Aim of Disclosure and Transparency Rules
Aim of Disclosure and Transparency Rules
Signup and view all the flashcards
Powers of the SCA
Powers of the SCA
Signup and view all the flashcards
Documents Required for Market Application
Documents Required for Market Application
Signup and view all the flashcards
Board Decision Time on Market Application
Board Decision Time on Market Application
Signup and view all the flashcards
Conditions for Market Licence
Conditions for Market Licence
Signup and view all the flashcards
Definition of a Special Order
Definition of a Special Order
Signup and view all the flashcards
Aims of the Corporate Governance Guide
Aims of the Corporate Governance Guide
Signup and view all the flashcards
Responsibility for Implementing Corporate Governance Guide
Responsibility for Implementing Corporate Governance Guide
Signup and view all the flashcards
Information Included for Temporary Insiders on the Insiders Register
Information Included for Temporary Insiders on the Insiders Register
Signup and view all the flashcards
Obligation of CISI Members
Obligation of CISI Members
Signup and view all the flashcards
Stakeholders Under Principle: Respect Others and the Environment
Stakeholders Under Principle: Respect Others and the Environment
Signup and view all the flashcards
SCA Licence Categories
SCA Licence Categories
Signup and view all the flashcards
Capital Adequacy Differences Between Licence Categories
Capital Adequacy Differences Between Licence Categories
Signup and view all the flashcards
Functions Required in All SCA Licence Categories
Functions Required in All SCA Licence Categories
Signup and view all the flashcards
Main Functions - First Category License ('Dealing in Securities')
Main Functions - First Category License ('Dealing in Securities')
Signup and view all the flashcards
Accounting System for Category 1 License Firms
Accounting System for Category 1 License Firms
Signup and view all the flashcards
Study Notes
-
The following are questions related to Chapter 1: The Regulatory Infrastructure
-
What are the objectives of the SCA? (Section 1.1)
-
How long is the period that SCA board members hold the role when appointed, with the exception of the chief executive? (Section 1.1.1)
-
How often should the board of directors report on the markets' activities to the Cabinet of Ministers? (Section 1.1.2)
-
Where does the funding for the SCA come from? (Section 1.1.3)
-
What is the aim of the disclosure and transparency rules? (Section 1.4)
-
What are the powers of the SCA? (Section 2.1.1)
-
What documents need to accompany an application from a market? (Section 2.2.2)
-
How quickly does the board decide on an application from a market? (Section 2.2.3)
-
What conditions must be satisfied before a market is granted a licence by the SCA? (Section 3.1.1)
-
How is a special order defined in terms of trading? (Section 3.1.4)
-
List four of the aims of the Corporate Governance Guide. (Section 4.1.1)
-
Who has the responsibility of ensuring the implementation of the Corporate Governance Guide? (Section 4.1.2)
-
What should the Insiders Register include in relation to temporary insiders? (Section 4.2.3)
-
What is the obligation imposed on members of the CISI to uphold alongside the rules in relation to compliance? (Section 5)
-
Name the stakeholders under Principle 7 - Respect Others and the Environment? (Section 5)
-
List the five SCA licence categories. (Section 6)
-
How do the capital adequacy requirements differ between the five licence categories? (Section 6)
-
What are the two functions that are required in all of the five licence categories? (Section 6)
-
What are the main functions that are expected in a firm provided with a first category licence ‘dealing in securities'? (Section 6.1)
-
What is the term used for the accounting system that must be in place for firms providing licence category 1 services (dealing in securities)? (Section 7)
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Questions related to Chapter 1: The Regulatory Infrastructure. Topics covered include the objectives of the SCA, powers of the SCA, conditions for a market license. Also covers aims of the Corporate Governance Guide.
