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SCA Cheat Sheet 2026

The 20 highest-yield SCA facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

SCA exam key facts

  • The UAE Financial Rules and Regulations exam (CMA/SCA and CISI) is a computer-based multiple-choice exam with 100 questions, and it may include up to 10% additional trial questions. Source
  • Candidates get 2 hours (120 minutes) for the UAE Financial Rules and Regulations exam. Source
  • The pass mark for the UAE Financial Rules and Regulations exam is 70%, and CISI reports a current pass rate of 36%. Source
  • Booking the UAE Financial Rules and Regulations exam through the CMA Training Centre costs AED 1,000, which covers the exam and the PDF workbook. Source
  • Candidates may make up to 6 attempts at the UAE Financial Rules and Regulations exam in any one year, under CISI's Multiple Sittings Policy. Source
  • Edition 4 of the UAE Financial Rules and Regulations workbook (syllabus version 4.0) covers exams taken from 10 September 2023 to 31 December 2026. Source
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  1. Under UAE law, which entities are subject to SCA regulation? → Companies listed on UAE exchanges, brokers, and investment service providers
  2. What is the maximum penalty under UAE law for insider trading? → Imprisonment and/or fines
  3. What is the standard settlement cycle for equity securities traded on SCA-regulated UAE financial markets? → T+2 (two business days after trade date)
  4. What is the SCA's requirement regarding record-keeping for licensed entities? → Records must be kept for at least 5 years as specified by SCA regulations
  5. What does 'Delivery versus Payment' (DvP) mean in the context of securities settlement? → Securities are transferred and cash is paid simultaneously, eliminating principal risk
  6. What is the relationship between bond prices and interest rates? → They move in opposite directions — when rates rise, bond prices fall
  7. What is the SCA's minimum capital requirement for a licensed broker? → Determined based on activities and set by SCA Board Decision
  8. What is the primary federal law governing the UAE securities market? → Federal Law No. 4/2000
  9. What is the role of the compliance officer in an SCA-licensed firm? → To ensure the firm operates in accordance with all applicable laws and SCA regulations
  10. What are the three stages of money laundering? → Placement, layering, and integration
  11. What type of license does a company need from the SCA to provide brokerage services in the UAE? → An SCA brokerage license
  12. What is money laundering? → The process of making illegally obtained money appear to come from a legitimate source
  13. What is the main objective of the SCA under Federal Law No. 4/2000? → To regulate and develop the securities and commodities markets in the UAE
  14. Which year was Federal Law No. 4/2000 substantially amended by Federal Law No. 4/2002? → 2002
  15. What does CFT stand for in the context of AML/CFT? → Countering the Financing of Terrorism
  16. What is an 'insider' under UAE securities regulations? → A person who has access to non-public, price-sensitive information about a listed company
  17. Which of the following best describes the concept of 'market manipulation' under UAE law? → Deliberately creating artificial prices or trading volumes to deceive investors
  18. What does AML stand for in financial regulation? → Anti-Money Laundering
  19. How often must SCA-licensed firms submit financial reports to the SCA? → Monthly and annually, as required by SCA regulations
  20. What are the main securities exchanges regulated by the SCA? → Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM)
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How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy

Sources & references

Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy

  1. uaecma.gov.ae — Eligibility, fees, retake fee · verified Oct 2026
  2. cisi.org — Score validity, test delivery, exam format, passing score, retake policy, time limit, score release, exam information · verified Oct 2026