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| Section | Weight | Objectives |
|---|---|---|
| Dubai Financial Market (DFM) | 11% | |
| Markets | 11% | - General background - Disclosure and Transparency |
| Investment Funds | 11% | - The local fund - Provisions specific to certain public funds |
| Trading | 11% | |
| Client Protection | 10% | |
| Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations | 14% | - Federal Law No. 20 of 2018 |
| The Regulatory Infrastructure | 17% | - SCA Resolutions - Codes of Conduct - Federal Law No. 4 of 2000 - Securities & Commodities Authority (SCA) - Corporate Governance (Law No. 3 issued Jan 2020) - License categories and requirements (Decision No. 13/Chairman issued 2021) - Accounting system controls (Decision No. 13/Chairman issued 2021) |
| Licensed Bodies | 14% | - Licensing financial activities - General provisions - Requirements of capital market institutions |
1. Where a pledge request is submitted to the CSD Department, the details provided on the relevant form must include:
A) The reason for the arrangement
B) The party entitled to the profits
C) The duration of the arrangement
D) The agreed default option
2. What proportion of the market value of securities owned by a brokerage company are used to increase the value of its guarantee?
A) 80%
B) 60%
C) 70%
D) 50%
3. What rule applies to a foreign brokerage company applying for remote access to the ADX if it has previously been refused a licence by a regulator equivalent to the Authority?
A) The company will be required to provide additional collateral
B) The application will be reviewed by the board of the ADX
C) The application will automatically be rejected
D) The company will only be granted limited privileges
4. Where a trust agreement is established in connection with a primary listing of Sukuk, a key function of this agreement is to ensure that:
A) The Sukuk holders do not suffer from any conflict of interest
B) The Sukuk holders receive a guaranteed level of income
C) The trustees have the right to obtain all the necessary information
D) The trustees have a contractual relationship with the regulator
5. Where debt instruments are held by cash investment funds, the credit rating of these instruments must reach what minimum threshold?
A) BB+
B) BBB
C) BBB+
D) BB
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
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