RES
Showing all 12 results
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CMFAS RES 1A (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 1A Exam Question
A contract made on SGX-ST can be cancelled only if:
a) delivery fails
b) payment is not made on delivery
c) the share registrar refuses to register a transfer
d) the CMS licence holders to an error trade have agreed to the cancellation
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CMFAS RES 1A (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 1A Exam Question
The expense ratio refers to the ongoing costs of operating a fund by fund managers expressed as a percentage of the fund's:
a) average net assets
b) total net assets
c) average return on investment
d) total return on investment
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CMFAS RES 1B (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 1B Exam Question
A Representative must not directly or indirectly deal in securities which involve no change of beneficial ownership unless it is a:
a) swap sale
b) wash sale
c) trade sale
d) time sale
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CMFAS RES 1B (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 1B Exam Question
Which of the following goods and services qualify as acceptable soft dollar receipts?
a) Premises expenses
b) Employees' salaries.
c) Direct money payment.
d) Referral fees under a referral agreement.
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CMFAS RES 2A (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 2A Exam Question
Which type of market manipulation describes a situation whereby a broker trades the opposite side of a customer's order with the intention to profit from the customer's order?
a) Bucketing
b) Cornering
c) Monopolising
d) Inflating
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CMFAS RES 2A (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 2A Exam Question
When a Cross Trade is received, the order for the leg which has the better price than the last traded price must be:
a) entered
b) cancelled
c) cross-traded
d) offset
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CMFAS RES 3 (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 3 Exam Question
An FMC conducting fund management activity should report which of the following as assets under the FMC’s non-discretionary management?
a) The moneys contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
b) The moneys and equity contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
c) The moneys and debt contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
d) The moneys and assets contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
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CMFAS RES 3 (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 3 Exam Question
Which of the following statements regarding a Fund Management Company (FMC) is false?
a) If a FMC’s managed assets are not subject to independent custody arrangements, the FMC is required to disclose this fact to the investors and to obtain their acknowledgement.
b) FMCs are required to provide investors with an audit report of the assets each year.
c) FMCs that manage private equity and venture capital funds are not required to comply with client segregation requirements in respect of client moneys.
d) A FMC that acts as investment adviser to another investment manager should satisfy itself that the assets that it advises on are subject to independent custody.
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CMFAS RES 4 (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 4 Exam Question
Which of the following statements is false regarding restrictions on dealings during a takeover offer?
a) The offeror must not sell any securities in the offeree company during the offer period except for sales before the offer has been declared unconditional as to acceptances.
b) The offeror may sell securities in the offeree company during the offer period where the sale is above the offer price.
c) The offeror can make further purchases at the same offer price after an announcement of an intention to sell the securities of the offeree company has been made.
d) All sales after the offer has been declared unconditional as to acceptances must be disclosed.
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CMFAS RES 4 (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 4 Exam Question
The offeree board must make a public announcement of a takeover offer under all the following situations except where:
a) it receives notification of a firm intention of offer from a serious source but does not view the offer favourably.
b) the offeree company is the subject of rumour or speculation about a possible offer.
c) negotiations between the offeror and the offeree company include only a restricted number of people.
d) the board of a company is aware that there are negotiations between a potential offeror and the holders of shares carrying 30% or more of the voting rights of a company.
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CMFAS RES 5 (Set 1)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 5 Exam Question
Under the Financial Advisers Regulations (FAR), unsecured credit facility does NOT include:
a) any loan made without security.
b) any credit facility made with security that does not exceed the market value of the assets constituting that security.
c) any performance bond entered into by the licensed financial adviser in connection with any credit facility made by another party to its representatives.
d) the provision of any security by the licensed financial adviser in connection with any credit facility made by another party to its representatives.
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CMFAS RES 5 (Set 2)
SGD 39.90 Add to cart5 Apr 2024
CMFAS RES 5 Exam Question
Under the Securities and Futures Act (SFA), an accredited investor cannot be a/an:
a) individual
b) corporation
c) limited liability partnership
d) trustee of a trust