Online Access Free UAE-Financial-Rules-and-Regulations Practice Test

If a Special Purpose Acquisition Company fails to complete a business combination, measures to return the funds to investors must be taken within what maximum number of business days?

• A.15
• B.10
• C.25
• D.20

Which of the following is an administrative penalty that can be imposed on financial institutions that violate the law and regulations in relation to money laundering and terrorism financing?

• A.A penalty of no less than AED 100,000 and no more than AED 10,000,000 for each violation
• B.A penalty of no less than AED 15,000 and no more than AED 5,000,000 for each violation
• C.A penalty of no less than AED 50,000 and no more than AED 5,000,000 for each violation
• D.A penalty of no less than AED 5,000 and no more than AED 1,000,000 for each violation

A failure to report suspicions, or gross negligence in implementing processes and procedures in relation to suspicions of money laundering, can result in a fine of:

• A.no less than AED 100,000 and no more than AED 1,000,000
• B.no less than AED 1,000,000 and no more than AED 10,000,000
• C.no less than AED 100,000 and no more than AED 5,000,000
• D.no less than AED 50,000 and no more than AED 1,000,000

The last trading day for an India Gold Quanto Futures contract is:

• A.the 25th calendar day of the delivery month
• B.two business days prior to the last business day of the delivery month
• C.four business days prior to the 25th calendar day of the delivery month
• D.one business day prior to the last business day of the delivery month

Which category of firm is required to provide accounts using a 'Unified Centralised Back Office System'?

• A.Category 1 - Dealing in securities
• B.Category 3 - Custody, clearing and recording
• C.Category 4 - Credit rating agencies
• D.Category 2 - Dealing in investments