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FAQ - FREQUENTLY ASKED QUESTIONS

About Products

Our Online Question Banks are not sorted by year. They are composed by our company and are not related to the Singapore College of Insurance (SCI) and The Institute of Banking & Finance (IBF) in any manner.

Our Online Question Banks are updated irregularly. Most of them are updated within 1-2 months.

Our Online Question Banks are not questions in the actual examination, questions from the past paper and not historical questions.

We do not recommend that candidates study only with the Online Question Bank. Candidates should study with both the Online Question Bank and the official manual/our free video classes for a more thorough understanding of the content.

We suggest that candidates prepare for the examination by following steps:

  1. Study 1 chapter in the study manual/ 1 chapter of our free video class
  2. Finish the relevant topic in the Pass Paper Question Bank

This will take 25-30 hours. Almost 80% of our candidates can pass the exam in their first attempt.

According to our statistics, candidates who use our Online Question Bank alongside the official manual have an 80% chance of passing the exam.

We only provide Question Bank on our website. We do not offer physical copies, PDF versions or other downloadable copies.

You can find the number of questions we have in the product description on each product page.

About How To Use

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Orders cannot be changed, transferred or refunded.

Yes, topic 1 of each product is made available to the public as a free trial. You may try it without an account. But please note that some of the features are not available for the free version while they are special features that only PRO version users can enjoy. Click here to learn more about PRO version features.

Yes. Each paid subscription is good for 30 days, which means the question banks will no longer be accessible after 30 days upon purchase unless renewed. If you wish to extend the period, you need to pay again for the renewal of membership plan.

  1. Click “Login” and then “Account Detail”
  2. Enter the current password and the new password
  3. Click “Save Changes
  1. Click “Login” and then “Forgot your password?”
  2. Enter your username or email address.
  3. Check your email and change your password by the link inside. Please also check your spam mailbox if you fail to find the email.


Validity – the product is only usable for 30 days each purchase. All questions from chapters apart from chapter 1 will no longer be accessible if the membership status is expired, including bookmark data, unless membership is renewed.

About The Exams

Capital Markets and Financial Advisory Services (CMFAS) Examinations are used to give the licensing mandates to professionals in the capital markets and financial advisory services in Singapore.

One is mandated to take the relevant CMFAS exams as a licensing exam if he/she/they intend(s) to begin offering capital markets and financial advisory services in Singapore.

Firstly, to be able to access the study text, you need to register for the relevant exam. Once you have secured your exam seat, you need to log into your account with the relevant exam administrator to download the study text (PDF format) in the portal.

IBF Portal
SCI Portal

See below to find which exam administrator you are looking for:
The CMFAS examinations are administered by The Institute of Banking & Finance (IBF) and the Singapore College of Insurance (SCI).
Some modules can be registered with the IBF and some with the SCI.
M1A, M1B, M2A, M3, M4A, M4B, M6, M6A, M10 exams are administered by the IBF.
M5, M8, M8A, M9, M9A are administered by the SCI.

 

The CMFAS, HI, BCP, PGI, CACS and FMRP examinations are registered online.
To register for the exam, you need to go to the website of the relevant administrator, set up an account, enter your personal information and then choose an exam session available.
IBF Portal
SCI Portal

See below to find which exam administrator you are looking for:
The Institute of Banking & Finance (IBF)
M1A, M1B, M2A, M3, M4A, M4B, M6, M6A, M10, Financial Markets Regulatory Practices (FMRP), Client Advisor Competency Standards (CACS) Assessment papers 1& 2

The Singapore College of Insurance (SCI)
M5, M8, M8A, M9, M9A, HI (Health Insurance) Module, BCP (Basic Insurance Concepts and Principles), PGI (Personal General Insurance).

No. Everyone can take the exams as long as they pay. But please note that a lack of prerequisites for taking the exam does not mean a lack of prerequisites for being a representative for a relevant financial institution.

You need to log in to your account with the relevant exam administrator to check the most up-to-date available time slots.
For exams held by SCI, alternatively, you can see some time slots without logging in if you click Register For Examinations >> View Details & Schedule >> Examination Schedule.

No. Cancellation and refund are not allowed, unless, in extenuating circumstances, IBF may grant one.

For exams held by the SCI, you can reschedule online up to 2 business days before your original exam day with/ without a S$32.1 administration fee.
For exams held by the IBF, you can reschedule online by 12pm 1 business day before your original exam day with a S$75+GST administration fee.

Examination sessions for the future 2 months will be available for IBF exam registration; Examination sessions for the future 1 month will be open for SCI exam registration.

CMFAS M1A, M1B, M2A, M3, M4A, M5, M10: 75%
CMFAS M6, M6A, M8, M8A, M9, M9A: 70%
CACS paper 1, FMRP: 75%
CACS paper 2, HI, BCP, PGI: 70%

M1A, 2A, 3, 5, 6, 9, 10: 100 questions
M6A: 75 questions
M1B: 60 questions
M3A, M4A, M8, M8A, 9A, HI, PGI: 50 questions
BCP: 40 questions
CACS paper 1, paper 2: 80 questions

After successfully completing the relevant (combination of) modules, you shall lodge a notification with the Monetary Authority of Singapore (MAS) before you can carry out regulated activities as a representative.

Additional Information

Capital Markets and Financial Advisory Services (CMFAS) Examination:

Required by the Securities and Futures Act (SFA) / Financial Advisers Act (FAA) if you wish to conduct regulated activities as a Representative
CMFAS Module 1A - Rules & Regulations for Dealing in Securities (SGX-ST Members)
CMFAS Module 1B - Rules & Regulations for Dealing in Securities (Non-SGX-ST Members)
CMFAS Module 2A - Rules & Regulations for Trading in Futures Contracts (SGX-DT Members)
CMFAS Module 3 - Rules & Regulations for Fund Management
CMFAS Module 4A - Rules & Regulations for Advising on Corporate Finance
CMFAS Module 5 - Rules And Regulations For Financial Advisory Services
CMFAS Module 6 - Securities Products & Analysis
CMFAS Module 6A - Securities & Futures Product Knowledge
CMFAS Module 8 - Collective Investment Schemes
CMFAS Module 8A - Collective Investment Schemes II
CMFAS Module 9 - Life Insurance And Investment-Linked Policies
CMFAS Module 9A - Life Insurance And Investment-Linked Policies II
CMFAS Module 10 - Rules & Regulations for REIT Management, with Product Knowledge & Analysis

Health Insurance Examination:

Required by the Insurance Act (IA) if you are taking the role of life and general insurance intermediaries & company staff member involved in advising and / or selling any health insurance products
Health Insurance (HI) Module

General Insurance Examination:

Designated exams for obtaining Personal General Insurance Certification and/or Commercial General Insurance Certification
Basic Insurance Concepts and Principles (BCP)
Personal General Insurance (PGI)

Client Advisor Competency Standards (CACS) Assessment:

Required by the Private Banking Code of Conduct (PB Code) for covered person who is a client-facing role & serves high net worth clients

Financial Markets Regulatory Practices (FMRP) Examination:

Endorsed by The Singapore Foreign Exchange Market Committee and suitable for all over-the-counter (OTC) dealers & brokers engaging in wholesale dealing of foreign exchange, money market instruments and derivative products in Singapore