Free CISI UAE FRR Mock Exam Questions 2026: 5 Sample Questions with Answers
Test your readiness with 5 free CISI UAE FRR mock exam questions covering the Regulatory Infrastructure, Licensed Bodies, Investment Funds, Client Protection, and the DFM — each with a detailed explanation.
The best way to gauge whether you are ready for the CISI UAE Financial Rules and Regulations (FRR) exam is to test yourself with realistic questions. With a pass rate of just 35%, honest self-assessment before exam day is essential — and choosing the right study materials makes all the difference.
Below are 5 free CISI UAE FRR mock questions spanning five different chapters. Try to answer each one before revealing the explanation.
🧠How to use these questions
Attempt each question first, then read the explanation — even for the ones you get right. The FRR exam tests how well you understand why an answer is correct, not just whether you can recognise it.
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Question 1: The Regulatory Infrastructure (Chapter 1)
In what form must each securities and commodities market in the UAE be established?
A) A sole proprietorship
B) A local public establishment or a public joint-stock company
C) A private limited company
D) A partnership
Explanation: Each market must take the form of a local public establishment or a public joint-stock company licensed by the SCA.
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Question 2: Licensed Bodies (Chapter 2)
The initial-approval condition of 'honesty and integrity' includes consideration of which of the following?
A) The applicant's marketing budget
B) The applicant's office size
C) The absence of lawsuits, investigations or judgments concerning honesty, fraud or deception
D) The number of branches planned
Explanation: Honesty and integrity requires valid and complete information and the absence of any lawsuits, reports, investigations or judgments over honesty, fraud or deception.
ExamPrep.ae's Instant Feedback and Explanations feature helps you understand the concepts better and improve your score.
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Question 3: Investment Funds (Chapter 3)
What is required for in-kind shares to be used to subscribe for units in a local fund?
A) Nothing specific
B) The shares must be consistent with the prospectus, capable of being liquidated, free of legal dispute and third-party charges, and valued by two evaluators at fair value
C) They must be valued by the fund's own auditor
D) They must be unlisted only
Explanation: In-kind shares must fit the prospectus/investment policy, be liquidatable, be free of dispute or third-party charges, and be valued by two evaluators at fair value (taking the lower value).
ExamPrep.ae's Practice by Chapter mode lets you drill each FRR chapter individually.
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Question 4: Client Protection (Chapter 6)
For registered investments held in custody, the registered title is typically in the name of:
A) The firm's CEO
B) A random third party
C) The regulator
D) The client, or a nominee or trust company holding for the client's benefit
Explanation: For registered investments, title is typically in the name of the client, or in the name of a nominee or trust company holding the investments for the client's benefit.
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Question 5: Dubai Financial Market (Chapter 8)
For a listed company's director, what is the 'closed period' before the disclosure of financial statements?
A) 15 days
B) 30 days
C) 10 days
D) 5 days
Explanation: The closed period is the ten days leading up to the announcement of material information, or the 15 days leading up to the disclosure of financial statements.
ExamPrep.ae's Performance by Chapter mode tracks your accuracy per chapter so you know exactly where you stand against the 70% pass mark.
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How Did You Do?
If you found these questions challenging, you are not alone — this is exactly the level of detail the real exam demands, and it is why the pass rate sits at just 35%. Five questions is only a taste; the full exam has 100 questions across all 8 chapters.
💡 Want hundreds more questions like these?
ExamPrep.ae's CISI UAE FRR question bank covers all 8 chapters with detailed explanations, full timed simulations, and an AI Weakness Engine that targets your weak spots.
👉 Start CISI UAE FRR PracticeYour Next Steps
- Learn the full strategy — Read our complete CISI UAE FRR study guide
- Understand the difficulty — See why the pass rate is only 35%
- Practise the full bank — Start practising with ExamPrep.ae
ExamPrep.ae's Review Questions mode helps you review the questions you got wrong and understand the concepts better.
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