Capital Markets and Financial Advisory Services (CMFAS) Examinations
The CMFAS Examinations are the licensing examinations for the capital markets and financial advisory services in Singapore.
After successfully completing the relevant examination modules, candidates must lodge a notification with the Monetary Authority of Singapore (MAS) before they can carry out regulated activities.
Find Out Relevant CMFAS Examinations Module(s)
My specialisation is in:
Advising on Corporate Finance
Relevant Modules
Rules, Ethics and Skills Module
Rules, Ethics and Skills Module(s) to take:
Exam Syllabus
- The Capital Markets and Corporate Finance Industry in Singapore
- Raising Capital
- Getting Listed
- Post Listing Obligations and Considerations
- Overview of Singapore Code on Take-overs and Mergers
- Market Conduct
- Ethics, Codes and Standards of Professional Conduct for Corporate Finance
- Corporate Finance Practices and Skills
- Prevention of Financial Crimes
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Member: S$250.70
Non-Corporate Member: S$294.30
Exemptions
There are no exemptions for RES 4 because it is a Rules, Ethics and Skills exam.
Dealing in Capital Markets Products (CMP) that are exchange-traded derivatives contracts, over-the counter derivatives contracts, and/or spot foreign exchange contracts for the purposes of leveraged foreign exchange trading for a principal who is a member of the Singapore Exchange Derivatives Trading Ltd (SGX-DT)
Relevant Modules
Rules, Ethics and Skills Module
Product Knowledge Module
Dealing in Capital Markets Products (CMP) that are exchange-traded derivatives contracts, over-the counter derivatives contracts, and/or spot foreign exchange contracts for the purposes of leveraged foreign exchange trading for a principal who is a member of the Asia Pacific Exchange (APEX).
Relevant Modules
Rules, Ethics and Skills Module
Product Knowledge Module
Dealing in Capital Markets Products (CMP) that are exchange-traded derivatives contracts, over-the counter derivatives contracts, and/or spot foreign exchange contracts for the purposes of leveraged foreign exchange trading for a principal who is a member of the Intercontinental Exchange (ICE) Futures Singapore
Relevant Modules
Rules, Ethics and Skills Module
Product Knowledge Module
Rules, Ethics and Skills Module(s) I need to take:
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Licensing and Business Operations
- Market Conduct
- Trading Systems and Infrastructure
- Ethics, Codes and Standards of Professional Conduct for Derivatives Dealing
- Derivatives Dealing Practices and Skills
- Prevention of Financial Crimes
Exam Format
Format
100 MCQs (computer based)
Duration
2.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Member: S$250.70
Non-Corporate Member: S$294.30
Exemptions
There are no exemptions for RES 2A because it is a Rules, Ethics and Skills exam.
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Licensing and Business Operations
- Market Conduct
- Over-the-Counter Derivatives
- Ethics, Codes and Standards of Professional Conduct for Derivatives Dealing
- Derivatives Dealing Practices and Skills
- Prevention of Financial Crimes
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemptions
There are no exemptions for RES 2B because it is a Rules, Ethics and Skills exam.
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Singapore Exchange Derivatives Trading Ltd (SGX-DT) Membership and Business Operations
- Market Conduct under the Singapore Exchange Derivatives Trading Ltd (SGX-DT) Rules
- Singapore Exchange Derivatives Trading Ltd (SGX-DT) Trading System and Infrastructure
Exam Format
Format
40 MCQs (computer based)
Duration
1 hour
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees:
Corporate Members: S$109.00
Non-Corporate Members: S$130.80
Exemptions
There are no exemptions for RES 2BE1 because it is a Rules, Ethics and Skills exam.
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Membership and Business Operations
- Market Conduct
- IFSG Trading System and Infrastructure
Exam Format
Format
40 MCQs (computer based)
Duration
1 hour
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: $109.00
Non-Corporate Members: $130.80
Exemptions
There are no exemptions for RES 2BE2 because it is a Rules, Ethics and Skills exam.
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Membership and Business Operations
- Market Conduct
- APEX Trading System and Infrastructure
Exam Format
Format
40 MCQs (computer based)
Duration
1 hour
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: $109.00
Non-Corporate Members: $130.80
Exemptions
There are no exemptions for RES 2BE3 because it is a Rules, Ethics and Skills exam.
Exam Syllabus
This is a combined Module of Modules RES 1B and RES 2B. There is no separate study guide for RES 12B. Please refer to the respective study guides for RES 1B and RES 2B for the exam syllabus.
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$414.20
Non-Corporate Members: S$501.40
Exemptions
There are no exemptions for RES 12B because it is a Rules, Ethics and Skills exam.
Product Knowledge Module(s) I need to take:
Exam Syllabus
- Overview of Derivatives
- Futures, Forwards and Swaps
- Futures Strategies
- Options
- Structured Warrants and Daily Leveraged Certificates
- Barrier Options, Binary Options and Callable Contracts
- Structured Deposits and Other Structured Products
- Structured Notes
- Structured Funds
- Contracts for Differences (CFDs)
- Key Product and Investment Risks for Derivatives and Structured Products
- Case Studies
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemption
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-SIP exam.
Exam Syllabus
- Introduction to Investing, Investments and Financial Markets
- Risk, Return and Time Value Calculations
- Key Drivers of Market Movements and Asset Values
- Foreign Exchange
- Company Analysis and Understanding Financial Statements
- Equity Securities
- Deposits and Fixed-Income Securities
- Portfolio Management
- Exchange Traded Funds (ETFs), Unit Trusts, Real Estate Investment Trusts (REITs) and Insurance
- Warrants
- Technical Analysis and Quantitative Analysis
- Case Studies
Exam Format
Format
90 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemptions
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-EIP exam.
Exam Syllabus
This is a combined Module of Modules CM-EIP and CM-SIP. There is no separate study guide for CM-CMP. Please refer to the respective study guides for CM-EIP and CM-SIP for the exam syllabus.
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$414.20
Non-Corporate Members: S$501.40
Exemptions
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-CMP exam.
Dealing in Capital Markets Products (CMP) that are exchange-traded derivatives contracts, over-the counter derivatives contracts, and/or spot foreign exchange contracts for the purposes of leveraged foreign exchange trading for a principal who is not a member of an Approved Exchange
Relevant Modules
Product Knowledge Module
Rules, Ethics and Skills Module(s) I need to take:
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Licensing and Business Operations
- Market Conduct
- Over-the-Counter Derivatives
- Ethics, Codes and Standards of Professional Conduct for Derivatives Dealing
- Derivatives Dealing Practices and Skills
- Prevention of Financial Crimes
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemptions
There are no exemptions for RES 2B because it is a Rules, Ethics and Skills exam.
Exam Syllabus
This is a combined Module of Modules RES 1B and RES 2B. There is no separate study guide for RES 12B. Please refer to the respective study guides for RES 1B and RES 2B for the exam syllabus.
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$414.20
Non-Corporate Members: S$501.40
Exemptions
There are no exemptions for RES 12B because it is a Rules, Ethics and Skills exam.
Product Knowledge Module(s) I need to take:
Exam Syllabus
- Overview of Derivatives
- Futures, Forwards and Swaps
- Futures Strategies
- Options
- Structured Warrants and Daily Leveraged Certificates
- Barrier Options, Binary Options and Callable Contracts
- Structured Deposits and Other Structured Products
- Structured Notes
- Structured Funds
- Contracts for Differences (CFDs)
- Key Product and Investment Risks for Derivatives and Structured Products
- Case Studies
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemption
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-SIP exam.
Exam Syllabus
- Introduction to Investing, Investments and Financial Markets
- Risk, Return and Time Value Calculations
- Key Drivers of Market Movements and Asset Values
- Foreign Exchange
- Company Analysis and Understanding Financial Statements
- Equity Securities
- Deposits and Fixed-Income Securities
- Portfolio Management
- Exchange Traded Funds (ETFs), Unit Trusts, Real Estate Investment Trusts (REITs) and Insurance
- Warrants
- Technical Analysis and Quantitative Analysis
- Case Studies
Exam Format
Format
90 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemptions
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-EIP exam.
Exam Syllabus
This is a combined Module of Modules CM-EIP and CM-SIP. There is no separate study guide for CM-CMP. Please refer to the respective study guides for CM-EIP and CM-SIP for the exam syllabus.
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$414.20
Non-Corporate Members: S$501.40
Exemptions
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-CMP exam.
Fund Management
Rules, Ethics and Skills Module(s) I need to take:
Exam Syllabus
- The Capital Markets and Fund Management Industry in Singapore
- Fund Management Rules, Regulations and Guidelines
- Licensing Requirements for Fund Management
- The Conduct of Business for Fund Management
- Market Conduct
- Collective Investment Schemes (CIS)
- Guidelines on the Product Highlights Sheet (PHS)
- Central Provident Fund Investment Scheme (CPFIS) Requirements
- Ethics, Codes and Standards of Professional Conduct for Fund Management
- Fund Management Practices and Skills
- Prevention of Financial Crimes
Exam Format
Format
100 MCQs (computer based)
Duration
2.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$250.70
Non-Corporate Members: S$294.30
Exemptions
There are no exemptions for RES 3 because it is a Rules, Ethics and Skills exam.
Product Knowledge Module(s) I need to take:
Exam Syllabus
- Introduction to Investing, Investments and Financial Markets
- Risk, Return and Time Value Calculations
- Key Drivers of Market Movements and Asset Values
- Foreign Exchange
- Company Analysis and Understanding Financial Statements
- Equity Securities
- Deposits and Fixed-Income Securities
- Portfolio Management
- Exchange Traded Funds (ETFs), Unit Trusts, Real Estate Investment Trusts (REITs) and Insurance
- Warrants
- Technical Analysis and Quantitative Analysis
- Case Studies
Exam Format
Format
90 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemptions
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-EIP exam.
Real Estate Investment Trust (REIT) Management
Relevant Modules
Rules, Ethics and Skills Module
Rules, Ethics and Skills Module(s) I need to take:
Exam Syllabus
- Introduction to Externally Managed Singapore Real Estate Investment Trusts (S-REITs)
- Introduction to the Property Market
- Due Diligence in Property
- Property Valuation and Investment Analysis
- REIT Management
- Ethics, Codes and Standards of Professional Conduct for REIT Management
- Key Ratios and Performance Measures
- Capital Structure and Management of S-REITs
- Valuation and Pricing of S-REITs
- Legal Framework of S-REITs
- Regulatory Requirements relating to Offer of Units in S-REITs
- Conduct of Business in REIT Management
- Ongoing Listing and Compliance Requirements
- Differences Between Real Estate Investment Trusts and Business Trusts
- Market Conduct
- Prevention of Financial Crimes
Exam Format
Format
100 MCQs (computer based)
Duration
2.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$348.80
Non-Corporate Members: S$414.20
Exemptions
There are no exemptions for RESP 10 because it is a Rules, Ethics, Skills and Product Knowledge exam.
Dealing in Capital Markets Products (CMP) that are securities and/or units in a collective investment scheme for a principal who is a member of the Singapore Exchange Securities Trading Ltd (SGX-ST)
Relevant Modules
Rules, Ethics and Skills Module
Product Knowledge Module
Rules, Ethics and Skills Module(s) I need to take:
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Licensing and Business Operations
- The Trading System and Infrastructure
- Market Conduct
- Ethics, Codes and Standards of Professional Conduct for Securities Dealing
- Securities Dealing Practices and Skills
- Central Provident Fund Investment Scheme (CPFIS)
- Prevention of Financial Crimes
Exam Format
Format
80 MCQs (computer based)
Duration
2 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemptions
There are no exemptions for RES 1A because it is a Rules, Ethics and Skills exam.
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Licensing and Business Operations
- Market Conduct
- Ethics, Codes and Standards of Professional Conduct for Securities Dealing
- Securities Dealing Practices and Skills
- Central Provident Fund Investment Scheme (CPFIS)
- Prevention of Financial Crimes
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemptions
There are no exemptions for RES 1B because it is a Rules, Ethics and Skills exam.
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Licensing and Business Operations under the SGX-ST Rules
- Market Conduct under the SGX-ST Rules
- SGX-ST Trading System and Infrastructure
Exam Format
Format
40 MCQs (computer based)
Duration
1 hour
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST)
Corporate Members: $109.00
Non-Corporate Members: $130.80
Exemptions
There are no exemptions for RES 1BE1 because it is a Rules, Ethics and Skills exam.
Exam Syllabus
This is a combined Module of Modules RES 1B and RES 2B. There is no separate study guide for RES 12B. Please refer to the respective study guides for RES 1B and RES 2B for the exam syllabus.
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$414.20
Non-Corporate Members: S$501.40
Exemptions
There are no exemptions for RES 12B because it is a Rules, Ethics and Skills exam.
Product Knowledge Module(s) I need to take:
Exam Syllabus
- Overview of Derivatives
- Futures, Forwards and Swaps
- Futures Strategies
- Options
- Structured Warrants and Daily Leveraged Certificates
- Barrier Options, Binary Options and Callable Contracts
- Structured Deposits and Other Structured Products
- Structured Notes
- Structured Funds
- Contracts for Differences (CFDs)
- Key Product and Investment Risks for Derivatives and Structured Products
- Case Studies
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemption
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-SIP exam.
Exam Syllabus
- Overview of Derivatives
- Futures, Forwards and Swaps
- Futures Strategies
- Options
- Structured Warrants and Daily Leveraged Certificates
- Barrier Options, Binary Options and Callable Contracts
- Structured Deposits and Other Structured Products
- Structured Notes
- Structured Funds
- Contracts for Differences (CFDs)
- Key Product and Investment Risks for Derivatives and Structured Products
- Case Studies
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemption
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-SIP exam.
Exam Syllabus
This is a combined Module of Modules CM-EIP and CM-SIP. There is no separate study guide for CM-CMP. Please refer to the respective study guides for CM-EIP and CM-SIP for the exam syllabus.
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST)
Corporate Members: $414.20
Non-Corporate Members: $501.40
Exemptions
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-CMP exam.
Dealing in Capital Markets Products (CMP) that are securities and/or units in a collective investment scheme for a principal who is not a member of an Approved Exchange
Relevant Modules
Product Knowledge Module
Rules, Ethics and Skills Module(s) I need to take:
Exam Syllabus
- The Capital Markets Industry in Singapore and Participants in the Capital Markets
- Licensing and Business Operations
- Market Conduct
- Ethics, Codes and Standards of Professional Conduct for Securities Dealing
- Securities Dealing Practices and Skills
- Central Provident Fund Investment Scheme (CPFIS)
- Prevention of Financial Crimes
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST)
Corporate members: $207.10
Non-Corporate members: $250.70
Exemptions
There are no exemptions for RES 1B because it is a Rules, Ethics and Skills exam.
Exam Syllabus
This is a combined Module of Modules RES 1B and RES 2B. There is no separate study guide for RES 12B. Please refer to the respective study guides for RES 1B and RES 2B for the exam syllabus.
Exam Format
Format
60 MCQs (computer based)
Duration
1.5 hours
Pass mark
75%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST)
Corporate Members: $414.20
Non-Corporate Members: $501.40
Exemptions
There are no exemptions for RES 12B because it is a Rules, Ethics and Skills exam.
Product Knowledge Module(s) I need to take:
Exam Syllabus
- Overview of Derivatives
- Futures, Forwards and Swaps
- Futures Strategies
- Options
- Structured Warrants and Daily Leveraged Certificates
- Barrier Options, Binary Options and Callable Contracts
- Structured Deposits and Other Structured Products
- Structured Notes
- Structured Funds
- Contracts for Differences (CFDs)
- Key Product and Investment Risks for Derivatives and Structured Products
- Case Studies
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemption
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-SIP exam.
Exam Syllabus
- Overview of Derivatives
- Futures, Forwards and Swaps
- Futures Strategies
- Options
- Structured Warrants and Daily Leveraged Certificates
- Barrier Options, Binary Options and Callable Contracts
- Structured Deposits and Other Structured Products
- Structured Notes
- Structured Funds
- Contracts for Differences (CFDs)
- Key Product and Investment Risks for Derivatives and Structured Products
- Case Studies
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next business day.
Exam Fees (Inclusive of GST):
Corporate Members: S$207.10
Non-Corporate Members: S$250.70
Exemption
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-SIP exam.
Exam Syllabus
This is a combined Module of Modules CM-EIP and CM-SIP. There is no separate study guide for CM-CMP. Please refer to the respective study guides for CM-EIP and CM-SIP for the exam syllabus.
Exam Format
Format
80 MCQs (computer based)
Duration
2.5 hours
Pass mark
70%
The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal account on the next business day.
Exam Fees (Inclusive of GST)
Corporate Members: $414.20
Non-Corporate Members: $501.40
Exemptions
Please refer to MAS Notice SFA 04-N22 for the list of exemptions for the CM-CMP exam.
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