CISI UAE FRR Cheat Sheet 2026

The 30 highest-yield CISI UAE FRR facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. What information must be disclosed in a UAE credit card agreement under consumer protection rules? → Annual fees, interest rates, minimum payment requirements, and late payment charges
2. What is the minimum paid-up capital requirement for a newly licensed national bank in the UAE? → AED 2 billion
3. What is 'structuring' in the context of UAE AML regulations? → Breaking up large cash transactions to avoid reporting thresholds
4. Under FSRA regulations, which category of client receives the highest level of regulatory protection? → Retail clients
5. The CBUAE's regulation on 'responsible lending' requires banks to: → Assess customer affordability before approving credit
6. What does the UAE's 'goAML' system facilitate? → Electronic submission of Suspicious Transaction Reports to the UAEFIU
7. Under CBUAE guidance, 'Interest Rate Risk in the Banking Book' (IRRBB) includes which sub-type of risk? → Repricing risk, yield curve risk, basis risk, and optionality risk
8. What is the minimum number of qualified Sharia scholars required on an Internal Sharia Supervision Committee (ISSC) under CBUAE standards for Islamic banks? → Three qualified Sharia scholars
9. The 'three lines of defence' model in UAE financial institution risk management consists of: → Business lines, risk/compliance functions, and internal audit
10. UAE securities regulations require investment research analysts to: → Disclose conflicts of interest, including holdings in recommended securities
11. Under the UAE Central Bank's licensing framework, which category of licence covers retail banking activities? → Category 1 – National Bank
12. Which UAE regulatory authority primarily supervises Takaful operators in the onshore UAE market following the 2020 regulatory restructuring? → Central Bank of the UAE (CBUAE), which absorbed the former Insurance Authority
13. What does 'de-risking' mean in the context of UAE banking regulation? → Banks exiting relationships with entire categories of customers deemed high-risk
14. What is the purpose of the investor protection fund maintained by UAE exchanges? → To compensate investors for losses caused by broker default or fraud
15. Under UAE regulations, what is the maximum period for retaining customer identification records after the business relationship ends? → 5 years
16. Which sanction is the CBUAE empowered to impose for serious regulatory breaches? → Revocation of a banking licence
17. Which authority serves as the central bank and primary financial regulator in the UAE? → Central Bank of the UAE (CBUAE)
18. The FATF's Mutual Evaluation of the UAE resulted in: → Placement on the 'Grey List' in 2022 and removal in 2024 after significant reforms
19. Under DFSA rules, an Authorised Firm must notify the DFSA of: → Material changes to its business, significant events, and regulatory breaches promptly
20. The CBUAE's Financial Consumer Protection Framework emphasises which principle regarding product suitability? → Products must be designed and sold only to customers for whom they are appropriate
21. Which Islamic finance contract is specifically designed for financing construction or manufacturing projects where delivery occurs in the future? → Istisna, a manufacturing or construction contract with installment payments
22. The CBUAE requires banks to make their schedules of charges: → Publicly available and easily accessible to customers
23. What distinguishes NASDAQ Dubai from the Dubai Financial Market (DFM)? → NASDAQ Dubai operates within the DIFC under DFSA regulation, while DFM is SCA-regulated
24. How are Investment Account Holders (IAH) treated under CBUAE Islamic banking standards regarding capital protection? → IAH funds participate in profit and loss sharing with no guarantee of capital return
25. The 'right to be forgotten' in the UAE credit bureau context allows customers to: → Request removal of negative credit information after legally specified periods
26. The ADGM's 'Regulatory Sandbox' (RegLab) has a maximum duration of: → 2 years (extendable in exceptional circumstances)
27. Under UAE AML law, 'self-dealing' by a bank officer handling AML investigations refers to: → An officer tipping off a customer about an STR in exchange for personal benefit
28. Which CBUAE framework requires banks to conduct Internal Capital Adequacy Assessment Process (ICAAP)? → Pillar 2 of the Basel III framework
29. ADGM's Arbitration Centre provides dispute resolution under which rules? → ADGM Arbitration Rules (based on UNCITRAL Model Law)
30. Under CBUAE regulations, when must a financial institution disclose all fees applicable to a product? → Before or at the time of signing the agreement