Module 2B (M2B) - Rules & Regulations for Trading in Futures (SMX Members)

The M2B Examination is applicable for all persons who wish to deal in futures products for a principal company that is a member of Singapore Mercantile Exchange.

Please refer to the MAS Notice SFA 0​4-N09​ for more information. Candidates are also advised to check with their compliance department for their applicable CMFAS exam modules.

  • - The Regulatory Bodies and Regulations
  • - Requirements for Members and Nominated Representatives
  • - SMX Products
  • - Security Deposit and Margin Requirements
  • - Trading
  • - Risk Management and Surveillance
  • - Post Trade Management
  • - Clearing, Settlement and Delivery
  • - Default and Discipline
  • - Regulatory Requirements Relating to Business Operations
  • - Regulatory Requirement Relating to Market Conduct & Trading
  • - Prevention of Money Laundering and Countering the Financing of Terrorism
  • Format: 100 MCQs (computer-based)
  • Duration: 2 hours
  • Pass mark: 75%


The exam results will be displayed on the computer screens after the exam. Printed result slips will not be issued.

  Fees before GST
  1st Attempt Subsequent Attempt
Corporate Members $180 $160
Non-Members $200 $180

There are no exemptions for M2B because it is a Rules & Regulations examination.

Register now ​