Qatar Financial Markets Authority Regulations – Quiz 07

Last Updated: June 2024

Table of Contents

CISI – Qatar Financial Markets Authority Regulations Quiz 7 is covered –
ELEMENT 3
INTERNAL CONTROLS:
Monitoring Compliance – (1-4 )
Monitoring Compliance – Know the issues which the Compliance function must assess independently of the operating administration (Article 8 (1)) • Regulatory requirements • Best practice • Risk of financial crime
Monitoring Compliance – Know the requirement for Compliance to have “necessary resources”
Monitoring Compliance – Know the specific requirements and restrictions incumbent upon Compliance employees

Risk Management – (5-24)
Risk Management – Understand the governing principle behind the formulation of a risk management policy (Article 9) • Nature and complexity of business • Volume of trades
Risk Management – Know the essential information to be included in a risk management policy
Risk Management – Know the purpose of the risk management team (Article 10) • Policy implementation • Provide advice and management information • Provide periodic reports for auditors
Risk Management – Understand the reasons why the risk management team should maintain independence from the risk bearing areas of a company

Personal account dealing On completion, the cand – (25-30)
Personal account dealing On completion, the cand – Understand the scope of personal account dealing procedures (Article 11) • Employees, spouses and relatives until 2nd degree • Agents
Personal account dealing On completion, the cand – Know the purpose of personal account dealing procedures
Personal account dealing On completion, the cand – Understand the rules relating to personal account dealing (Article 13) • Written procedures (1) • Contract of employment (2) • Restricted lists (3) • Permitted activity (4) • Record keeping requirements (5)
Personal account dealing On completion, the cand – Know those individuals who are identified within the rulebook as being exposed to inside information and/or potential conflicts of interest during the performance of their duties (Article12) • Senior management • Agents of brokers • Corporate finance • Portfolio managers • Compliance Officer

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