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Exam UAE-Financial-Rules-and-Regulations Topic 1 Question 9 Discussion

Actual exam question for CISI's UAE-Financial-Rules-and-Regulations exam
Question #: 9
Topic #: 1
A good-till-cancelled order on the DFM will remain available for execution unless it is cancelled by:

Suggested Answer: A Vote an answer

On the Dubai Financial Market (DFM), a good-till-cancelled (GTC) order remains active and available for execution until explicitly cancelled by the investor who placed it. This means the investor maintains control over the order's lifespan, allowing it to persist through trading sessions unless they choose to withdraw it.
Brokers or clearing members do not have authority to unilaterally cancel GTC orders, ensuring investor autonomy. The market committee also does not intervene in the cancellation of individual orders under normal circumstances. This design supports investor flexibility and orderly market functioning.
Reference: CISI UAE Financial Rules and Regulations - Trading Rules and Order Management, Section
7.3.2 (2023).

by Adelaide at Jan 19, 2026, 09:45 AM

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