CMFAS | Edu RES 5 Mock exams - 6 Practice Exams

This test paper is intentionally more challenging than the actual exam, as common sense questions have been excluded to minimize redundancy and increase overall difficulty.

Note: the actual exam does not feature multiple options (choose 1 out of 4 options, which could be a mix of options e.g. A,B,D). However, they are deliberately included here to help memorizing key learning points, as questions testing them make up 40% of the whole exam.

All reviews are read on a daily basis and updates are pushed out as soon as possible to provide the best learning experience for all. Resources are continuously reinvested to make this exam simulation as accurate and reflective of the real exam as possible.

What can you expect?

• 6 CMFAS practice papers developed by industry professionals and senior consultants with exam-setting experience.

• 900 questions covering all key topics, full 150 question in each paper.

• Regular updates, with a focus on multiple-option questions, which are now a key part of the 2025 format changes.

  
  

Syllabus Breakdown:

Part I: (75% to pass)

• Financial Advisers Act and Financial Advisers Regulations – Financial Advisers and Representatives

• Financial Advisers Act and Financial Advisers Regulations – Conduct of Business, Powers of Authority, and Offence

• Notices and Circulars of MAS and FAA

• Prevention of Money Laundering and Countering the Financing of Terrorism – Financial Advisers

• MAS Guidelines

• Revised Code on Collective Investment Schemes

• Central Provident Fund (CPF)

• Needs Analysis

Part II: (80% to pass)

• Why Professional Ethics Matter

• Professionalism

• Ethical Behavior

• Unethical Behavior

• Conflict of Interest

• Fair Dealing

• Ethical Marketing and Sale of Financial Products

• Developing Client-Representative Relationships

• Fact Finding and Needs Analysis

• Analyzing and Evaluating a Client’s Financial Status

• Developing Appropriate Strategies and Solutions

• Presentation of Analysis and Solutions to Clients

• Reviewing Clients' Portfolios

• Basic Financial Planning Guide

Exam Details:

• 150 Multiple-Choice Questions

• Duration: 3 hours

• Passing Score: 75% for Part I, 80% for Part II (both sections must be passed to be certified)