Podcast
Questions and Answers
What is the primary function of the Securities and Commodities Authority (SCA)?
What is the primary function of the Securities and Commodities Authority (SCA)?
- To regulate the securities and commodities market in the UAE (correct)
- To provide financial assistance to brokerage firms
- To trade securities on behalf of the government
- To issue licenses to individual investors
Which law established the Securities and Commodities Authority (SCA)?
Which law established the Securities and Commodities Authority (SCA)?
- Decision No.(05/Chairman) of 2020
- Federal Law No. 4 of 2000 (correct)
- Federal Law No. 2 of 2017
- Resolution No.(01/Chairman) of 2022
What is the purpose of the Professional Code of Conduct (DFM)?
What is the purpose of the Professional Code of Conduct (DFM)?
- To oversee the clearing and settlement of securities
- To set standards for the conduct of brokerage firms (correct)
- To regulate the trading of securities on the DFM
- To license individual investors
What is the main purpose of the Regulations for Special Purpose Acquisition Companies (Resolution No.(01/Chairman) of 2022)?
What is the main purpose of the Regulations for Special Purpose Acquisition Companies (Resolution No.(01/Chairman) of 2022)?
What is the main purpose of the Clearing, Depository and Registry Rules?
What is the main purpose of the Clearing, Depository and Registry Rules?
What is the purpose of the Client Communications, Reporting, Financial Promotions and Advertising Accepted Practice in the UAE?
What is the purpose of the Client Communications, Reporting, Financial Promotions and Advertising Accepted Practice in the UAE?
What is the main purpose of the Broker and Trading Rules of the ADX?
What is the main purpose of the Broker and Trading Rules of the ADX?
What is the purpose of the Disclosure and Transparency requirements under Federal Law No. 4 of 2000?
What is the purpose of the Disclosure and Transparency requirements under Federal Law No. 4 of 2000?
Which of the following laws is related to Corporate Governance in the UAE?
Which of the following laws is related to Corporate Governance in the UAE?
What is the primary objective of the Securities & Commodities Authority (SCA)?
What is the primary objective of the Securities & Commodities Authority (SCA)?
Which of the following types of investment funds is characterized by investing in cash and cash equivalents?
Which of the following types of investment funds is characterized by investing in cash and cash equivalents?
What is the primary purpose of the Central Depository?
What is the primary purpose of the Central Depository?
Which of the following is a requirement for licensed bodies in the UAE?
Which of the following is a requirement for licensed bodies in the UAE?
What is the primary purpose of the Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations (Federal Law No. 20 of 2018)?
What is the primary purpose of the Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations (Federal Law No. 20 of 2018)?
What is the primary purpose of the Suspicious Transaction Reports (STRs)?
What is the primary purpose of the Suspicious Transaction Reports (STRs)?
Which of the following is a type of investment fund that is characterised by investing in real estate?
Which of the following is a type of investment fund that is characterised by investing in real estate?
Flashcards
Securities & Commodities Authority (SCA)
Securities & Commodities Authority (SCA)
The regulatory body in the UAE responsible for overseeing securities and commodities markets.
Federal Law No. 4 of 2000
Federal Law No. 4 of 2000
UAE law establishing the Securities & Commodities Authority (SCA) and outlining key regulations.
Investment Funds
Investment Funds
Collections of money invested in various assets (e.g., stocks, bonds).
Central Depository
Central Depository
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Market Abuse
Market Abuse
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Client Protection
Client Protection
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Abu Dhabi Securities Market (ADX)
Abu Dhabi Securities Market (ADX)
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Dubai Financial Market (DFM)
Dubai Financial Market (DFM)
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Anti-Money Laundering
Anti-Money Laundering
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Client Suitability/Appropriateness
Client Suitability/Appropriateness
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Study Notes
Element 1: The Regulatory Infrastructure
- Federal Law No. 4 of 2000 established the Securities & Commodities Authority (SCA)
- SCA's functions include:
- Incorporation
- Organizing its membership
- Managing financial affairs
- SCA's roles in the securities and commodities market:
- Establishing and administering the market
- Overseeing clearing, settlement, transfer of ownership, and custody
- Federal Law No. 4 of 2000 (Part 2, Chapter 5) regulates:
- Disclosure and Transparency
- Board's powers
- Price sensitive information
- Dealings by the chairman, directors, and staff
- Inside information
Element 2: Licensed Bodies
- General provisions for licensed bodies
- Licensing financial activities
- Requirements for capital market institutions
Element 3: Investment Funds
- The local fund
- Provisions specific to certain public investment funds
- Cash Investment Funds
- Exchange Traded Funds
- Real Estate Funds
- Evaluation of In-Kind Shares of Investment Funds (Decision No. (63/R.T) of 2019)
Element 4: Markets
- The Central Depository (Decision No. (19/R.M) of 2018)
- Issuing and offering shares in public joint-stock companies
- Procedures for dealing with listed troubled joint-stock companies (Decision No. (13) of 2020)
- Conciliation
- Debt Securities (Decision No. (17) of 2014)
- Islamic Securities
- Derivatives
- Crypto Assets (Decision No. (23) of 2020)
Element 5: Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations
- Offences
- The Role of the Financial Services Industry
- Prohibitions
- Politically Exposed Persons (PEPs)
- Suspicious Transaction Reports (STRs)
- Practical Measures
- Record Keeping Requirements
- Penalties
- Market Abuse and Market Conduct Accepted Practice in the UAE
- Conflicts of Interest Accepted Practice in the UAE
Element 6: Client Protection
- Suitability Standards (Suitability and Appropriateness Standards (Decision No. (05/Chairman) of 2020))
- Appropriateness Standards (Suitability and Appropriateness Standards (Decision No. (05/Chairman) of 2020))
- Client Assets Accepted Practice in the UAE
- Client Communications, Reporting, Financial Promotions, and Advertising Accepted Practice in the UAE
- The Organization of Promotion and Introduction (Decision No. (3/R.M) of 2017)
- Regulations for Special Purpose Acquisition Companies (Resolution No. (01/Chairman) of 2022)
Element 7: Trading
- Abu Dhabi Securities Market (ADX)
- Broker and Trading Rules of the ADX
- Clearing, Depository, and Registry Rules
- Clearing Operations in Commodities Markets
- Dubai Gold & Commodities Exchange
Element 8: Dubai Financial Market (DFM)
- Brokerage Firms
- Rules of Securities Trading in the DFM
- The Professional Code of Conduct (DFM)
- Online Trading Regulations (DFM)
- Order Types (DFM)
- Order Handling (DFM)
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Description
This quiz covers the regulatory infrastructure of the UAE, including federal laws, securities and commodities authority, corporate governance, and licensed bodies.
