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Home  >  Examinations >  M8
  • For Whom
  • Objective
  • Contents
  • Structure & Format
  • Duration
  • Minimum Passing Grade & Result Slip
  • Examination & Registration Fees
  • Study Materials / Supplementary Notes
  • Examination Mode
  • Examination Frequency & Schedule
  • Examination Resitting
  • Exemption
  • Registration
  • CPD Hours
  • Programme Changes

  • Examination Schedule

    M8 - Collective Investment Schemes

    For Whom
    Those intending to provide financial advice on and / or market 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).

    To ensure potential financial advisers / representatives possess the requisite knowledge of the product characteristics, as well as the tools and techniques to analyse, advise and market collective investment schemes and unit trusts.

    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.

    1 hour

    Minimum Passing Grade & Result Slip
    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 7% GST)
    For details, please click here.

    Study Materials / Supplementary Notes
    A Study Text will be given to the candidate taking the examination for the first time to assist in the examination preparation. The candidate is solely responsible for obtaining the correct edition of the Study Text and the latest supplementary notes, etc, where applicable. The M8 Study Text (Hardcopy version) consists of 181 pages (excluding Supplementary Notes) whereas the M8 E-Book consist of 177 pages (with Supplementary Notes incorporated).

    Please note that Supplementary Notes (if any) which update the Study Text are testable materials applicable to the relevant examination.

    Please note that the candidate can collect the Study Text (if applicable) only when the necessary correct payment (if applicable) has been made to SCI.

    For details, please click here.

    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. 

    Candidates representing the life insurance companies may refer directly to their respective Training Department for the Examination Schedule. For other candidates, please refer to the Examination Registration in SCI Website

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

    Examination Resitting
    There is no limit on the number of times that a candidate can sit for an examination. However, he or she will not be permitted to sit for any examination if he or she has either passed or been exempted from it.

    The candidate may attempt the modules under the Capital Markets & Financial Advisory Services (CMFAS) examinations in any order of preference.

    For a list of approved exemptions, please refer directly to MAS Website at under MAS Notice No. FAA-N13: Notice on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers.

    Registration must be made online via SCI Website.

    For details, please refer to the Examination Registration Policies.

    Candidates who represent life insurance companies will have to register  using their respective company's user ID and password. Please check directly with the respective Agency / Training Department for the registration details.

    Candidates who represent only General Insurance Companies, Banks / Securities Firms, Insurance Broking Firms, Independent Financial Advisers and others can register online via SCI Website.

    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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