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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Dubai Financial Market (DFM) | 11% | |
| Topic 2: Trading | 11% | |
| Topic 3: Markets | 11% | - General background - Disclosure and Transparency |
| Topic 4: The Regulatory Infrastructure | 17% | - Corporate Governance (Law No. 3 issued Jan 2020) - Accounting system controls (Decision No. 13/Chairman issued 2021) - SCA Resolutions - Federal Law No. 4 of 2000 - Codes of Conduct - Securities & Commodities Authority (SCA) - License categories and requirements (Decision No. 13/Chairman issued 2021) |
| Topic 5: Licensed Bodies | 14% | - Requirements of capital market institutions - General provisions - Licensing financial activities |
| Topic 6: Investment Funds | 11% | - The local fund - Provisions specific to certain public funds |
| Topic 7: Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations | 14% | - Federal Law No. 20 of 2018 |
| Topic 8: Client Protection | 10% |
1. A licensed person who conducts financial activities related to security tokens is required to carry out a suitability check only if:
A) the licensed person has less than 3 years' relevant experience
B) the amount being invested exceeds AED 100,000
C) the client is not a qualified investor
D) the token falls into the high risk category
2. Establishing a local investment fund requires the approval of the Authority, for a public fund this will either be granted or rejected within:
A) 5 working days
B) 30 working days
C) 10 working days
D) 20 working days
3. The Depository Centre must periodically report to the Authority on shareholders who hold more than what threshold percentage of equity in the Centre's capital?
A) 10%
B) 3%
C) 5%
D) 15%
4. If the mid-point is used to determine the theoretical auction price for a pre-closing session of the DFM, it is:
A) rounded to two decimal places
B) rounded down to the nearest price tick
C) rounded up to the nearest price tick
D) rounded to one decimal place
5. When a company applies to become a Special Purpose Acquisition Company, its sponsors must prepare proposals to:
A) reduce the risk to investors
B) manage conflicts of interest
C) identify potential money laundering
D) deal with succession planning
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: B |
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