🇸🇦 Capital Markets Compliance

CME-4B: Saudi Capital Market Rules and Regulations – Asset Managers

Official CISI Accredited Training Partner

Prepare for the Saudi CME-4B examination covering investment funds, real estate investment funds and market conduct for asset managers.

125 Practice Questions Detailed Study Notes Realistic Mock Exams

Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.

Exactly what is included

125 practice questions across 5 mock exams · unlimited retakes
Focus Learn · key areas, pitfalls, exam traps & key numbers
Flashcards · fun, fast and effective recall
Exam cheat sheet · key facts, rules and numbers by chapter
Audio Learning · every chapter in audio
AI Analyzer & Mentor · pinpoints your weak areas
Study Mode Exams · learn while you train
AI Chat trained specifically for this exam
Study material organised by syllabus

Full Chapter Audio Lessons New

Listen to extended lessons covering the examinable rules, numbers and traps in every chapter.

🎧 Audio

* This is a chapter sample. All audio is available in the full version.

CME-4B exam preparation for asset managers

Study the three official syllabus elements through focused summaries, rapid-recall resources and five timed practice papers. Every mock uses the official 25-question, 30-minute format, the central 14/8/3 element weighting and the published raw pass boundary of 17 correct answers (68%).

The 125 practice questions across five mocks cover investment fund regulation, public and private funds, custody, real estate investment funds, REITFs and market conduct. The fifth paper is a mixed review sampled from the first four. This course is an independent revision companion to the official workbook, not a reproduction of live examination questions.

Key Benefits

Five Full Exam Simulators

Practise under the official 25-question and 30-minute conditions.

✓ Every paper uses the central 14/8/3 element weighting.
✓ The exact raw pass boundary is 17 correct answers (68%).
✓ Foundations, applied, advanced, final-practice and mixed papers.

125 Practice Questions

125 practice questions across five 25-question mock exams, including a mixed review.

✓ Every official learning objective is represented.
✓ Scenario-based questions test application as well as recall.
✓ Every answer includes a clear explanation.

Full Chapter Audio Lessons New

Study all three English chapters through extended taught lessons while travelling or revising away from a screen.

✓ Separate female and male narration choices.
✓ Lessons retain the examinable rules, distinctions, numbers and traps from the written teaching.
✓ Each chapter is taught in depth rather than reduced to a three-minute recap.
✓ Designed for flexible revision on mobile devices.

Listen to a sample

AI-Powered Study Assistant

Ask questions against the CME-4B course knowledge base while you study.

✓ Clarifies investment-fund and market-conduct rules.
✓ Available throughout the learning experience.
✓ Answers are grounded in the course material.

Rapid-Recall Revision Tools

Use 75 flashcards and 85 reference entries for focused final revision.

✓ Critical thresholds and reporting timelines.
✓ Clear distinctions between public, private and real estate funds.
✓ Mobile-ready for short study sessions.

Syllabus

Module 1: Investment Fund Regulations 14 marks out of 25

🎧 Audio

Chapter 1

• Fund Management and Custody
• Public, Private and Foreign Funds
• Subscription, Pricing, Valuation and Redemption
• Closed-Ended Investment Traded Funds

Module 2: Real Estate Investment Funds Regulations (Public Real Estate Funds) 8 marks out of 25

Chapter 2

• Organisation, Governance and Fund Management
• Assets, Custody, Valuation and Reporting
• Restrictions and Real Estate Investment Traded Funds

Module 3: Market Conduct Regulations 3 marks out of 25

Chapter 3

• Market Manipulation and Insider Trading
• Direct and Indirect Trading and Liability
• Investment Research and Recommendations

Student Reviews

4.5

★★★★★

Based on12reviews

5 stars

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First-party learner feedback

Submitted directly to CISI Academy. These testimonials are not presented as independently verified by Trustpilot, Google, or another third-party platform.

Recent Reviews

Raed F.

· Oct 12, 2025

★

CISI Academy learner feedback

Excellent Saudi AM prep

The Saudi asset management rules are explained well. Got 81% on my first attempt!

Response from CISI Academy

Appreciate the kind words! Congrats on passing!

Mia L.

· Aug 2, 2026

★

CISI Academy learner feedback

Passed with confidence

Helped a lot to clear my doubts and gain more confidence before the actual exam day. The progress tracker kept me accountable.

Sofia S.

· Jul 31, 2026

★

CISI Academy learner feedback

Very realistic questions

The questions are very similar to the real test. I was worried about the time limit, but practicing with these mocks helped me manage my pace. Highly recommended!

Abdulaziz S.

· Jul 31, 2026

★

CISI Academy learner feedback

Very realistic questions

The questions are very similar to the real test. I was worried about the time limit, but practicing with these mocks helped me manage my pace. Highly recommended!

Fahad A.

· Jan 22, 2026

★

CISI Academy learner feedback

Passed my Saudi exam!

I passed my Saudi exam today. The flashcards are great for memorizing rules. Highly recommend!

Adnan B.

· Jan 18, 2026

★

CISI Academy learner feedback

Saudi mutual funds simplified

The Saudi mutual fund and licensing regulations are explained simply. Helped me pass!

Frequently Asked Questions

It is mapped to syllabus version 1.0 and the English workbook version 1.10 dated August 2026, valid for examinations through 31 December 2026.

Yes. Each mock contains 25 multiple-choice questions, lasts 30 minutes, requires 17 correct answers (68%) and uses the central official weighting of 14 Investment Funds, 8 Real Estate Investment Funds and 3 Market Conduct questions.

The course includes 125 practice questions across five timed mock exams with unlimited retakes. The fifth paper is a mixed review drawn from the first four.

The English learning material and practice bank are grounded in the current official Financial Academy/CISI workbook and the current Financial Academy exam specification.

You get lifetime access and can study at your own pace.

Yes. Use the official workbook as the primary source and this course for active recall, timed practice, explanations and focused revision.

Yes! Test your knowledge and review detailed explanations with the free CME-4B: Saudi Capital Market Rules and Regulations – Asset Managers Mock Exam Preview below. It contains 15 exam-style questions from one named syllabus topic; the full course provides complete mock exams and syllabus coverage.

Interactive preview

Free CME-4B: Saudi Capital Market Rules and Regulations – Asset Managers Practice Questions & Exam Preview

Try 15 CME-4B: Saudi Capital Market Rules and Regulations – Asset Managers practice questions from Real Estate Investment Funds and REITFs

Practice CME-4B: Saudi Capital Market Rules and Regulations – Asset Managers exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.

Exam Preview

Real Estate Investment Funds and REITFs

Question 1 of 15

Which entity is legally responsible for maintaining the original title deeds, material contracts, and accredited valuers' reports for a public real estate fund?

1 / 15

Flashcards

Card 1 of 10Investment Fund Regulations

Question

What is the fund manager's primary duty to unitholders?

Tap to reveal answer

Focus Learn

Key Examinable Areas10

Fund manager duties: fiduciary duty, act in best interest, liable for fraud/negligence/misconduct/wilful default.
Financial statements: Arabic, semi-annual (reviewed) and annual (audited) per SOCPA standards.
Fund termination: 21 days' notice before planned open-ended termination; 5 days to notify if event triggers termination; 70 days for final report; 12 months to liquidate unsold assets and distribute from fund expiry under amended Article 23(i); workbook v1.10 says six months.
Custodian independence: must not be affiliate of fund manager; must be CMA-licensed for custody.
Asset ownership: unitholders own collectively — not custodian, not fund manager.
Asset segregation: separate bank account per fund; real estate registered in custodian's fully owned subsidiary.
Real estate pledging: only to licensed lender that extended a loan TO the fund.
Public fund board: minimum 3 directors, at least 2 or 1/3 independent; meets twice annually with the compliance committee or compliance officer.
Public-fund limits: 10% single issuer, 10% illiquid, 15% leverage and 15% derivatives; a holding must not represent more than 20% of another fund's NAV, while no more than 25% of the public fund's own NAV may be invested in one fund or funds from the same CMI.
Open-ended funds: minimum 2 dealing days per week; NAV-based redemption; 4 decimal places for unit prices.

Common Pitfalls to Avoid7

Exam Traps8

Key Numbers10

Chapter 1: Investment Fund Regulations

The Investment Fund Regulations make the fund manager primarily responsible for managing the fund, offering its units and keeping its terms and conditions clear, complete, accurate and not misleading. The manager acts in a fiduciary capacity, puts unitholders' interests first, exercises care and skill and remains liable for loss caused by fraud, negligence, misconduct or wilful default. Delegating work never reduces that responsibility. The manager performs at least annual risk assessments and maintains a compliance monitoring programme for each fund. Financial statements are prepared in Arabic, whose text prevails if a translation conflicts. Public funds and private real estate funds prepare half-year statements reviewed under SOCPA standards and annual statements audited under those stan…

Unlock all Focus Learn

Open every chapter’s key areas, pitfalls, exam traps and key numbers.

Adaptive study tools

Focus weak topics, learn with feedback, then switch to exam conditions.

Practice modes

Learn first. Then prove you’re ready.

Learn with feedback, then switch to exam conditions.

Study Mode

Instant feedback & explanations

See the answer and explanation after each choice.

Exam Mode

Realistic exam simulation

Use the timer, keep answers hidden, then review your result.

Who Is This For?

✓ Asset managers operating in Saudi Arabia

✓ Fund structuring, operations and compliance professionals

✓ Candidates preparing for the CME-4B examination

✓ Finance professionals applying Saudi fund regulations

★★★★★ 4.5 (189 global students)