The UAE side of the SCA Category 5 licence pair. 566 calibrated MCQs across all 8 chapters, walkthroughs + cram sheet + audio, mock exams. £49. Pair with ICWIM for the full Cat 5 stack.
UAE Financial Rules & Regulations is a CISI-administered qualification aligned with the UAE Securities & Commodities Authority (SCA) regulatory framework. It's specifically designed for professionals working in — or applying for — UAE-regulated financial services roles.
Together with CISI ICWIM, UAE FRR forms the standard qualification pair for the UAE SCA Category 5 licence — the licence required for most client-facing investment advisory and portfolio-management roles in the UAE (both onshore and in DIFC / ADGM contexts, subject to local variants).
Covers:
50 multiple-choice questions, 60 minutes, 70% pass mark, delivered computer-based.
| Role / Context | Why UAE FRR helps |
|---|---|
| UAE SCA Cat 5 licence applicant | Required (with ICWIM) for the standard Cat 5 stack |
| Investment adviser (UAE) | Regulatory competence for SCA-authorised advisory roles |
| Portfolio manager (UAE) | Same — required for most managed-money roles |
| DIFC / ADGM candidate | Foundation for local regulator interviews; some free-zone regimes accept it directly |
| Compliance officer (UAE-onshore) | Understanding of SCA regime + AML/CFT post-greylist reforms |
| Career-relocator to UAE finance | Fastest local-regulatory credential a foreign-qualified professional can add |
| Ch | Topic |
|---|---|
| 1 | UAE Financial Services Framework — regulators, categories, market structure |
| 2 | SCA Rules — licensing, categories, ongoing obligations |
| 3 | Market Conduct — dealing, suitability, best execution |
| 4 | AML/CFT — Federal Decree-Law 20/2018 + amendments, CDD, EDD, PEPs, reporting |
| 5 | Client Money and Assets — segregation, protection, reconciliation |
| 6 | Complaint Handling + Consumer Protection |
| 7 | Cross-Border + International Coordination |
| 8 | Recent Developments — post-greylist reforms, ESG, virtual assets, SCA modernisation |
Ch 4 (AML/CFT) is exam-heavy and rewards deep study — especially post-2022, given the UAE's grey-listing experience and the resulting regulatory tightening. Our bank has post-workbook updates flagged inline: greylist Mar 2022 → removed Feb 2024, dedicated FIU, sanctions screening reforms, DNFBP supervision, beneficial-ownership register.
Full UAE FRR bank — 566 Qs, walkthroughs, audio, cram sheet — £49 one-time. Or bundle with ICWIM at £79.
Target 80%+ across timed mocks before booking. AED-threshold questions are the most reliable easy marks — bank them.
The wealth-management side of the Cat 5 licence pair. 680 MCQs, 8 chapters.
ICWIM + UAE FRR bundled — both exams required for the UAE SCA Category 5 licence.
The international AML/CFT specialist qualification — deep on FATF, POCA, sanctions.
No — you need both CISI ICWIM and UAE FRR to satisfy the standard SCA Category 5 licence requirements. FRR alone won't do it. Bundled in our Cat 5 Pack at £79 (save £19).
The DIFC (DFSA) and ADGM (FSRA) operate separate regulatory regimes. UAE FRR is aligned with the onshore SCA framework. For DIFC/ADGM roles, check the specific competence requirements of your firm's regulator — CISI qualifications are generally recognised but you may need additional local exams.
4-5 weeks at 8-10 hours per week. Faster if you already work in UAE financial services and have day-job familiarity with SCA rules.
Our bank flags post-2022 reforms inline: greylisting March 2022 → removal February 2024, dedicated FIU-UAE, sanctions screening tightening, beneficial-ownership register, DNFBP supervision. The CISI/SCA workbook is periodically updated — our post-workbook flags cover the material developments between updates.
Our practice bank is in English. The CISI exam is available in English (and CISI has run some pilots in Arabic — check the current CISI exam booking options for the latest position).
30-day Gumroad refund. One-time payment, permanent access — no expiry, no subscription.
CISI, ICWIM and UAE FRR are trademarks of the Chartered Institute for Securities & Investment. FinStudyHub is not affiliated with CISI or the UAE Securities & Commodities Authority. Content is original preparatory material calibrated to the published UAE FRR syllabus.