CMFAS M6A - Securities and Futures Product Knowledge
About CMFAS M6A
On 19 October 2011, the Monetary Authority of Singapore issued the revised Securities and Futures Act and Financial Advisers Act Examination Notices to announce the new CMFAS examination for representatives who deal in Specified Investment Products (SIPs), which are complex financial products containing derivatives and/or are embedded with terms and features that are generally difficult to understand by the retail investor.
Developed in consultation with industry associations, the new CMFAS Module 6A: Securities and Futures Product Knowledge was launched on 1 January 2012.
The new CMFAS Module 6A aims at raising competency standards of financial representatives when providing advice about SIPs to their customers. The curriculum incorporates product knowledge as well as the tools and techniques to analyse these products.
An existing CMFAS representative who is conducting any of the following regulated activities in respect of SIPs immediately before 1 January 2012, and continues to conduct such regulated activities after that date, is required to pass CMFAS Module 6A by 30 June 2013:
(a) dealing in securities; (b) trading in future contracts; or (c) leveraged foreign exchange trading
Outline of the CMFAS M6A Exam
100Qns Recommend
CMFAS M6A (100 Questions) - Securities and Futures Product Knowledge - tests you on securities and futures product knowledge, including: fundamental, technical and statistical analysis, structured products, key risks, structured funds and ETFs, other financial derivatives, CFDs and knock-out products. (Priced at $9.99)