Free CMFAS practice tests
A free practice test for each of the 8 key CMFAS modules. Every answer explained. Save your results with a free account and read the first set of comprehensive study notes free. Premium adds 3,000 questions, 6 full mock exams, 800 flashcards and 60 key notes per exam.
Rules and ethics
Life insurance
CMFAS Module 9: Life Insurance and Investment-Linked Policies
The core product knowledge module for life insurance in Singapore: life policy types, riders, policy provisions and nominations, investment-linked policies and annuities.
CMFAS Module 9A: Life Insurance and Investment-Linked Policies II
The second life insurance module goes deeper into investment-linked policies: investment concepts, ILP sub-funds, unit pricing and charges, disclosure documents and the risks advisers must explain.
CMFAS Health Insurance (HI) Module
Required to advise on or arrange policies with health or accident benefits (MAS Notice 117).
Investment funds
CMFAS Module 8: Collective Investment Schemes
The product module for advising on unit trusts and other collective investment schemes: how funds are structured, the main asset classes, pricing and charges, risk and performance, and the disclosure rules.
CMFAS Module 8A: Collective Investment Schemes II
The second funds module covers complex collective investment schemes: funds that use derivatives, structured and capital-protected funds, hedge funds, ETFs, and the extra suitability checks for Specified Investment Products.
Capital markets
CM-EIP: Capital Markets – Excluded Investment Products (formerly Module 6)
The product knowledge module for securities, excluded investment product (EIP) funds and foreign exchange, formerly Module 6. It's taken by bank and brokerage representatives dealing in shares, bonds and plain funds.
CM-SIP: Capital Markets – Specified Investment Products (formerly Module 6A)
The product knowledge module for derivatives and complex funds, formerly Module 6A: futures, options, warrants, structured products, CFDs, leveraged FX and Specified Investment Product funds, plus the suitability rules that apply to them.
Not sure which modules you need?
Use the role finder on the home page, or start with RES5: every financial adviser representative needs it.