Securities Regulations Quiz
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Questions and Answers

What is the consequence of transactions in securities not recorded according to the regulations?

  • They are subject to review by the board.
  • They can be reinstated at any time.
  • They are considered null and void. (correct)
  • They must be reported to the SCA.

    • What must happen for the market's board to suspend trading?

  • A majority of the board members must be present. (correct)
  • The majority of market participants must consent.
  • All members of the board must agree.
  • Only the market director must approve.

    • Which step is the first in the sanctions process imposed by the SCA on a market?

  • Suspension of operations.
  • Warning for violation. (correct)
  • Notice to rectify.
  • Levying a penalty.

    • What is required of the issuer of securities regarding the transfer of ownership?

    <p>They need to complete the transfer without delay.</p> Signup and view all the answers

    Which of the following is NOT a sanction listed for market violations?

    <p>Public announcement.</p> Signup and view all the answers

    Under Federal Law No. 4, what is one duty related to the display of securities price information?

    <p>Prices need to align with the market's regulations.</p> Signup and view all the answers

    In what situation can the market's board decide to suspend or reinstate rules?

    <p>When the majority of board members are present.</p> Signup and view all the answers

    What duration is given to a market to rectify a violation after receiving notice from the SCA?

    <p>30 days.</p> Signup and view all the answers

    What is the primary focus of Chapter One in the workbook?

    <p>Regulatory infrastructure and federal law.</p> Signup and view all the answers

    Which section directly follows the topic of Trading in the workbook?

    <p>Dubai Financial Market (DFM)</p> Signup and view all the answers

    How many hours of study time are estimated to complete the workbook?

    <p>100 hours</p> Signup and view all the answers

    Which of the following topics is included in the section about Anti-Money Laundering?

    <p>Regulatory Reporting Requirements</p> Signup and view all the answers

    What is indicated by the inclusion of a Glossary in the workbook?

    <p>Easy reference for financial terms.</p> Signup and view all the answers

    Which two topics appear consecutively in the workbook?

    <p>Investment Funds and Markets</p> Signup and view all the answers

    What is the primary subject of the 'Client Protection' section?

    <p>Protocols to safeguard investor interests.</p> Signup and view all the answers

    In which section is the topic of 'Markets' presented?

    <p>After Investment Funds.</p> Signup and view all the answers

    What does the company need to establish as part of its administrative by-laws to promote reporting of violations?

    <p>A whistleblowing policy</p> Signup and view all the answers

    Which of the following is NOT a task that can be outsourced by licensed firms?

    <p>Corporate governance</p> Signup and view all the answers

    What must the company ensure regarding whistleblowers according to the policy?

    <p>They are not harmed</p> Signup and view all the answers

    What document must be provided to the SCA before outsourcing tasks?

    <p>Copy of the outsourcing agreement</p> Signup and view all the answers

    What is required for outsourcing agreements according to the regulations?

    <p>A Service Level Agreement</p> Signup and view all the answers

    Which entity typically oversees the application of the whistleblowing policy?

    <p>Senior management and the SCA</p> Signup and view all the answers

    What type of outsourcing is defined by firms authorizing third parties to conduct business on their behalf?

    <p>Cross-border outsourcing</p> Signup and view all the answers

    Under which condition can functions related to mutual funds be outsourced?

    <p>Provided it does not transfer all management functions</p> Signup and view all the answers

    What is the primary purpose of the UAE Financial Rules and Regulations workbook?

    <p>To serve as an educational resource for exam preparation</p> Signup and view all the answers

    What does the abbreviation SCA stand for in the context of UAE regulations?

    <p>Securities and Commodities Authority</p> Signup and view all the answers

    What is the consequence of unauthorized use of material from the publication?

    <p>Civil claims for damages and criminal prosecution</p> Signup and view all the answers

    What should practitioners do to maintain their knowledge according to the content?

    <p>Actively seek updates on industry practices and regulations</p> Signup and view all the answers

    Which of the following statements about the workbook is correct?

    <p>It is designed to help consolidate learning chapter by chapter</p> Signup and view all the answers

    What is emphasized as a key element for individuals engaging in financial activities?

    <p>Keeping updated with changes in legislation and technology</p> Signup and view all the answers

    What is the contact method for inquiries related to the syllabus?

    <p>Calling the Customer Support Centre</p> Signup and view all the answers

    What is the importance of the learning map included in the workbook?

    <p>It outlines the full syllabus that students are expected to study</p> Signup and view all the answers

    What is the main responsibility of the chairman during meetings?

    <p>To direct the proceedings and maintain order</p> Signup and view all the answers

    In what circumstances can the chairman make a decision without the board?

    <p>When quick decisions are required and a board meeting is not possible</p> Signup and view all the answers

    What is required for the creation of a committee by the board?

    <p>The board must determine the committee's competencies and how it is created</p> Signup and view all the answers

    What is the role of outside experts invited to board meetings?

    <p>To provide their experience and knowledge without voting rights</p> Signup and view all the answers

    What information is recorded in the minutes of each board meeting?

    <p>Names of present and absent members, resolutions, and attendance excuses</p> Signup and view all the answers

    Who reports directly to the chairman of the board?

    <p>The chief executive</p> Signup and view all the answers

    What authority does the chief executive hold regarding personnel matters?

    <p>Responsible for appointment, promotion, and termination of employees of the second grade and below</p> Signup and view all the answers

    What regulatory aspects can board committees focus on?

    <p>Regulations necessary to combat fraud and market influences</p> Signup and view all the answers

    What is the main responsibility of the Securities and Commodities Authority regarding the Corporate Governance Guide?

    <p>To supervise the guide and ensure compliance</p> Signup and view all the answers

    Which of the following is NOT one of the main pillars of corporate governance according to the guide?

    <p>Innovation</p> Signup and view all the answers

    In which month must public joint-stock companies submit their annual financial statements to the SCA?

    <p>March</p> Signup and view all the answers

    What does the OECD Principles of Corporate Governance emphasize as an essential relationship?

    <p>Between management, board, shareholders, and stakeholders</p> Signup and view all the answers

    Which element is specifically introduced to promote accountability in public joint-stock companies as per the chairman's resolution?

    <p>Corporate Governance Guide for Public Joint-Stock Companies</p> Signup and view all the answers

    Which fiscal year does the market operate within?

    <p>January 1 to December 31</p> Signup and view all the answers

    What does the Corporate Governance Guide aim to ensure within company management?

    <p>Institutional discipline in company relations and management</p> Signup and view all the answers

    Which of the following is a responsibility outlined in the Corporate Governance Guide?

    <p>Protecting shareholders' rights and other stakeholders' interests</p> Signup and view all the answers

    Study Notes

    UAE Financial Rules and Regulations SCA & CISI

    • This workbook relates to syllabus version 3.0
    • Covers exams up to 30 April 2023
    • Published by: Chartered Institute for Securities & Investment

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    Related Documents

    UAE Financial Rules and Regulations Ed3 PDF 2021

    Description

    Test your knowledge on securities regulations and compliance as outlined under Federal Law No. 4. This quiz covers various aspects such as transaction recording, trading suspension, and sanctions processes related to the market's board. Discover the essential responsibilities of issuers and the significance of regulation adherence in the securities industry.

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