Under the regulator's qualifications-led licensing regime, every approved function requires UAE Financial Rules & Regulations (FRR) — then one more exam for your specific job. This is the FRR half, done properly: 680 calibrated MCQs across all 8 chapters, timed mocks at the real 100-question format, narrated walkthroughs, rule drills and a cram sheet.
One-time access. No subscription. Free sample questions before checkout.
UAE FRR is the local regulatory paper behind every CMA-approved function. Whichever second exam your role requires, this is the half you cannot skip.
FRR rewards exact rule memory. The bank puts those day-counts, thresholds and approval steps into repeatable practice.
Question coverage across all 8 chapters, weighted to match the current CISI syllabus.
Exam-style 100-question mocks with pacing for the 2-hour paper and 70% pass mark.
Focused repetition for approval windows, reporting deadlines, ownership thresholds and sanctions.
Narrated concept cards and an A4 last-week review for the most frequent facts.
Every question carries an explanation that teaches the rule, not just the answer. This one is a trap most candidates walk into.
A board member of a UAE listed company receives a gift of jewellery worth AED 400 from a prospective vendor while a procurement contract is under discussion. Under the Corporate Governance Guide, may the board member accept the gift?
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One-time access to the UAE FRR question bank, mocks, walkthroughs, audio cards and cram sheet.
Get full UAE FRR access For advisory, portfolio and promotion roles, pair this with ICWIM in the Cat 5 Pack.Each chapter gets visible coverage because the marks are spread widely across the UAE rulebook.
UAE Financial Rules & Regulations is a CISI-administered qualification aligned with the UAE Capital Market Authority (CMA, formerly the Securities & Commodities Authority) regulatory framework. It's specifically designed for professionals working in — or applying for — UAE-regulated financial services roles.
The CMA sets exam requirements by job function, and UAE FRR is required for every licensed role. Most roles add a second CISI exam: the International Certificate in Wealth & Investment Management (ICWIM) for portfolio managers, financial analysts and promotion managers, Combating Financial Crime for compliance heads, Risk in Financial Services for risk roles. See the full role table, sourced from the regulator's licensing chart. (This applies onshore; DIFC and ADGM run their own regimes.)
Covers:
100 multiple-choice questions, 2 hours, 70% pass mark, delivered computer-based.
| Role / Context | Why UAE FRR helps |
|---|---|
| Any CMA-licensed role (UAE onshore) | Required for every licensed job function, from broker representative to director |
| Portfolio manager / financial analyst / promotion manager | Required, paired with ICWIM |
| Head of compliance / chief compliance officer | Required, paired with Combating Financial Crime (CFC) |
| Risk and credit-rating roles | Required, paired with Risk in Financial Services |
| Career-relocator to UAE finance | Fastest local-regulatory credential a foreign-qualified professional can add |
| Ch | Topic | Exam weight |
|---|---|---|
| 1 | The Regulatory Infrastructure — SCA (now CMA) establishment, board, powers and limits, sanctions on markets | 11 / 100 |
| 2 | Licensed Bodies — licensing, head office and branches, disclosure, inspections | 14 / 100 |
| 3 | Investment Funds — the heaviest chapter — local and foreign funds, family and self-managed funds, founders, lock-ins | 15 / 100 |
| 4 | Markets — the Depository Centre, listing, IPOs, issuer reporting, capital changes | 14 / 100 |
| 5 | AML/CFT — predicate offences, beneficial ownership, the FIU, DNFBPs, reporting | 14 / 100 |
| 6 | Client Protection — suitability, complex products, periodic statements | 10 / 100 |
| 7 | Trading (ADX & DGCX) — e-trading approvals and controls, foreign brokerage | 11 / 100 |
| 8 | Dubai Financial Market (DFM) — brokerage rules, trading sessions, settlement, Shariah principles | 11 / 100 |
Ch 3 (Investment Funds) is the heaviest chapter at 15 questions, and it's detail-dense — fund categories, who can found them, subscription and lock-in rules. Beyond that the weight is spread evenly (10-14 per chapter), so FRR punishes skipping chapters more than most exams. It's also rule-heavy rather than conceptual: specific day-counts, percentages and approval steps decide a lot of questions.
Full UAE FRR bank — 680 Qs, walkthroughs, audio, cram sheet — £49 one-time. Or bundle with ICWIM at £79.
Target 80%+ across timed mocks before booking. The deadlines, percentages and approval rules are the most reliable marks on the paper — bank them.
The second exam for portfolio managers, financial analysts and promotion managers. 678 MCQs, 8 chapters.
ICWIM + UAE FRR bundled — the CMA exam pair for advisory and portfolio roles.
The international AML/CFT specialist qualification — deep on FATF, POCA, sanctions.
Only for directors and heads of category. Every other licensed role pairs UAE FRR with a second exam — ICWIM for advisory and portfolio roles (bundled in our Cat 5 Pack at £79), CFC for compliance heads. See the role table.
The DIFC (DFSA) and ADGM (FSRA) operate separate regulatory regimes. UAE FRR is aligned with the onshore CMA 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.
5-6 weeks at 8-10 hours per week. It's 100 questions across 8 evenly weighted chapters, so there's no shortcut chapter to skip. Faster if you already work in UAE financial services and know the CMA rules from the day job.
It was built on the CISI Edition 4 workbook and is aligned to the current CISI syllabus, v4.2 (workbook v4.5, February 2026). v4.2 keeps the same 8 elements and the same question allocations. Questions track the rules as examined, chapter by chapter, weighted to match the real paper.
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).
One-time payment, permanent access — no expiry, no subscription. Purchases aren't refundable once the licence key is issued, except where something is faulty or not as described — you can try free questions in every chapter before you buy.
CISI, ICWIM and UAE FRR are trademarks of the Chartered Institute for Securities & Investment. FinStudyHub is not affiliated with CISI or the UAE Capital Market Authority (formerly the Securities & Commodities Authority). Content is original preparatory material calibrated to the published UAE FRR syllabus.