CMFAS RES 1A (Set 2)
SGD 39.90
4 Sep 2025
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 1A (Set 1)
SGD 39.90 Add to cart4 Sep 2025
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 1B (Set 2)
SGD 39.90 Add to cart4 Sep 2025
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 2B (Set 2)
SGD 39.90 Add to cart4 Sep 2025
CMFAS RES 2B Exam Question
Which of the following is a key regulatory requirement for financial institutions offering OTC derivatives to retail clients under the Securities and Futures Act (SFA)?
a) The financial institution must offer OTC derivatives only to accredited investors.
b) The financial institution must conduct a suitability assessment to ensure that the product matches the client’s risk tolerance and financial objectives.
c) The financial institution must provide a detailed risk disclosure, but it is not required to ensure the product is suitable for the client.
d) The financial institution must ensure that the client has prior experience in trading derivatives before offering any product.
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CMFAS RES 2A (Set 1)
SGD 39.90 Add to cart4 Sep 2025
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
