Get full access to tutorial and mock exam papers to help pass your CMFAS exams.
Get full access to tutorial and mock exam papers to help you pass your CMFAS exams.
CMFAS - M5
Rules and Regulations for Financial Advisory Services
CMFAS - M8
Collective Investment Schemes
CMFAS - M8A
Collective Investment Schemes II
CMFAS - M9
Life Insurance and Investment-Linked Policies
CMFAS - M9A
Life Insurance and Investment-Linked Policies II
HEALTH INSURANCE - HI
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Capital Markets and Financial Advisory Services (CMFAS) Examinations
The CMFAS Examinations are the licensing examinations required for the capital markets and financial advisory services in Singapore under FAA-N13: Notice on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers from a Licensed Financial Advisor.
After successfully completing the relevant examination modules, potential financial advisers/representatives must lodge a notification with the Monetary Authority of Singapore (MAS) before they can carry out regulated activities.
|Module||Structure||Duration||Minimum Passing Grade||Result Slip|
|M5 - Rules and Regulations for Financial Advisory Services||100 MCQ||2 hrs||75%||YES|
|M8 - Collective Investment Schemes||50 MCQ||1 hr||70%||YES|
|M8A - Collective Investment Schemes II||50 MCQ||1 hr||70%||YES|
|M9 - Life Insurance and Investment-Linked Policies||100 MCQ||2 hrs||70%||YES|
|M9A - Life Insurance and Investment-Linked Policies II||50 MCQ||1 hr||70%||YES|
|HI - Health Insurance||50 MCQ||1 hr 15 mins||70%||YES|
- All CMFAS Examinations are closed-book and computer-based.
- There is no limit on the number of retakes for an examination.
- For a list of approved exemptions, please refer directly to MAS website at http://www.mas.gov.sg under MAS Notice No. FAA-N13: Notice on Minimum Entry and Examination Requirements for Representatives for Financial Advisers and Exempt Financial Advisers.