CISI UAE FRR CBUAE & FSRA Regulations

Question 1

The Financial Services Regulatory Authority (FSRA) is the regulator for which UAE jurisdiction?

Accepted Answer

Abu Dhabi Global Market (ADGM)

Answer

Dubai International Financial Centre (DIFC)

Answer

Onshore Abu Dhabi

Answer

Sharjah Financial Centre

Question 2

Which CBUAE regulation governs the licensing and supervision of finance companies in the UAE?

Accepted Answer

Finance Companies Regulation (2018)

Answer

Banking Law No. 14 of 2018

Answer

SCA Decision No. 3 of 2020

Answer

CBUAE Notice 1016/2018

Question 3

The FSRA's regulatory framework for ADGM is based on which legal system?

Accepted Answer

English common law

Answer

UAE civil law

Answer

Islamic Shariah law

Answer

French civil law

Question 4

Which CBUAE requirement sets limits on large exposures to single counterparties?

Accepted Answer

Large Exposure Regulations (LER)

Answer

Liquidity Coverage Ratio

Answer

Basel III Capital Framework

Answer

Consumer Protection Regulation

Question 5

Under CBUAE regulations, what is the maximum loan-to-value ratio for a UAE national purchasing a first home valued above AED 5 million?

Accepted Answer

70%

Answer

80%

Answer

90%

Answer

60%

Question 6

The CBUAE's Governance Standards for banks require the Risk Committee to consist of:

Accepted Answer

Majority non-executive directors with relevant risk expertise

Answer

A majority of executive directors

Answer

Only independent directors

Answer

Equal numbers of executives and non-executives