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Home  >  Examinations >  M8A
 
  • For Whom
  • Objective
  • Contents
  • Structure & Format
  • Duration
  • Minimum Passing Grade
  • Examination & Registration Fees
  • Study Materials / Supplementary Notes
  • Examination Mode
  • Examination Frequency & Schedule
  • Examination Resitting
  • Exemption
  • Registration

  • Examination Schedule
    Register for M8A Examination

    M8A - Collective Investment Schemes II

    For Whom
    This examination is for new and existing representatives of financial advisers who need to comply with MAS requirement to possess the requisite knowledge to advise or sell Collective Investment Schemes.

    Objective
    The objectives of the CMFAS Exam for Module 8A Collective Investment Schemes II are to 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, particularly structured funds, elaborating on common examples, as well as to evaluate some examples of structured funds on product features, inherent risks, and performance under various market conditions in determining product suitability for the clients. It also discusses the various types of derivatives in the market, both on-the-exchange and over-the-counter.

    Contents
    Total No. of pages: 130(including a page of Notice)
    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
    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 7% GST)
    For details, please click here.

    Study Materials / Supplementary Notes A Study Guide 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 Guide (E-book format) and the latest supplementary notes, etc, where applicable. The M8A Study Guide (Hardcopy version) consists of 130 pages (excluding Supplementary Notes) whereas the M8A E-Book consists of 133 pages (with Supplementary Notes incorporated).

    Please note that Supplementary Notes (if any) which update the Study Guide (E-book format) are testable materials applicable to the relevant examination.

    Please note that the candidate can collect the Study Guide (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 weekdays. 

    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, a candidate will not be permitted to sit for any examination if the candidate 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.

    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
    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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