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| Section | Weight | Objectives |
|---|---|---|
| Dubai Financial Market (DFM) | 11% | |
| Licensed Bodies | 14% | - Requirements of capital market institutions - Licensing financial activities - General provisions |
| Markets | 11% | - General background - Disclosure and Transparency |
| 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 - Accounting system controls (Decision No. 13/Chairman issued 2021) - Corporate Governance (Law No. 3 issued Jan 2020) - Securities & Commodities Authority (SCA) - Federal Law No. 4 of 2000 - License categories and requirements (Decision No. 13/Chairman issued 2021) - Codes of Conduct |
| Investment Funds | 11% | - The local fund - Provisions specific to certain public funds |
| Client Protection | 10% | |
| Trading | 11% |
1. An applicant for a license from the Authority has submitted a feasibility study and work plan. What method will be used to evaluate this?
A) Comparison with the same sector
B) A stress testing exercise
C) SWOT analysis
D) An operational risk matrix
2. Which of the following is one of the prescribed financial activities for which the Authority can issue a license?
A) Corporate planning
B) Risk management
C) Analysis
D) Promotion
3. 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%
4. The minimum price movement for a West Texas Intermediate (WTI) Light Sweet Oil Futures contract is:
A) USS 100 per barrel
B) USS 25 per barrel
C) USS 1 per barrel
D) LISS 0.01 per barrel
5. The watch list, which is monitored by an Authority-established committee, consists of which group of companies?
A) Companies in the first category
B) Companies in the second category
C) All private companies which have declared losses in the last 12 months
D) All public companies which have declared losses in the last 12 months
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: D |
Una
Alfred
Beau
Cedric
Dunn
Godfery
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