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Exam Details

M8A - Collective Investment Schemes II

For Whom

For new or existing representatives of financial advisers who need to comply with the MAS requirement to possess the requisite knowledge to advise others on Collective Investment Schemes.

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, types, advantages and disadvantages of structured products, comparison with other investment options, governance structure, documentation and risks associated with the investment of structured products;
  • various types of derivatives in the market, both on-the-exchange and over-the-counter; and
  • applications of structured funds relating to product features, inherent risks, and performance of such funds under various market conditions in determining product suitability for the clients’

Contents

Chapter 1 - Introduction To Structured Products
Chapter 2 - Risk Considerations Of Structured Products
Chapter 3 - Understanding Derivatives
Chapter 4 - Introduction To Structured Funds
Chapter 5 - Examples Of Structured Funds
Chapter 6 - Case Studies

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 weekdays.

For details of the examination dates, please refer to the Examination Schedule.

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.

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.