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M8 - Collective Investment Schemes
For Whom Those intending to advise others on Collective Investment Schemes are required to pass this Module 8, together with Module 5 Rules And Regulations For Financial Advisory Services, in compliance with the requirements as laid down by the Monetary Authority of Singapore (MAS).
Please refer to MAS Notice FAA-N13 for more information. Candidates are also advised to check with their Compliance Department for their applicable CMFAS examination modules.
ObjectivesTo test candidates on their knowledge and understanding of the:
- features, advantages, disadvantages and risks associated with the investment of Collective Investment Schemes (CIS);
- alternative investment assets and other financial assets, as well as the techniques, strategies to evaluate and invest in the different types of unit trust funds;
- different types of financial markets;
- characteristics and forms of market efficiency, modern portfolio theory, time value of money concept, considerations for investment relating to risks;
- classification and measuring risks, returns, time horizon, diversification; and
- various legislations and regulations pertaining to Collective Investment Schemes (CIS).
Contents
Chapter 1 - Types Of Investment Assets - I
Chapter 2 - Types Of Investment Assets - II
Chapter 3 - Financial Markets
Chapter 4 - Risk and Return
Chapter 5 - Time Value Of Money
Chapter 6 - Considerations For Investments
Chapter 7 - Unit Trusts
Chapter 8 - Fund Products
Table 1 - Future Value Interest Factors For One Dollar
Structure & Format
50 multiple-choice questions.
Duration
1 hour
Minimum Passing Grade & Result Slip
Passing Grade: 70%
One mark will be awarded for each correct answer. No mark will be awarded or deducted for any wrong or blank answer.
No certificate will be issued. Only Result Slip will be issued.
Examination & Registration Fees (inclusive of prevailing GST)
For details, please refer to the Exam Fees section.
Study Materials / Updates
Candidates would use the eBook to prepare for their examinations. Please note that hard copy study texts will no longer be issued. Any updates to the contents of the study text will be incorporated into the eBook. You may refer to the Version Control Record found at the back of the eBook to check the updates.
Examination Mode
English Medium - Computer Screen Examination (CSE)
The candidate can self-study for the closed book examination.
Examination Frequency & Schedule
The examination in English is conducted daily on weekday.
For details of the examination dates, please refer to the Examination Schedule section.
Examination ResittingThere is no limit to the number of times that a candidate can sit for an examination.
Exemption
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 of Licensed Financial Advisers and Exempt Financial Advisers.
Registration
For details, please refer to the Examination Registration Policies section.
CPD Hours
Upon passing the examination for this module, you are entitled to 1 CPD Hour.
Programme Changes
SCI solely reserves the right whether or not to accept any candidate, or to make any changes (including the fees) owing to any unforeseen circumstances, or when it considers necessary or appropriate to do so.
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