CMFAS RES 1B (Set 1)

SGD 39.90

9 Apr 2026

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

Category:

You may also like…

  • CMFAS RES 1B (Set 2)

    SGD 39.90 Add to cart

    9 Apr 2026

    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.

Related products

  • CMFAS RES 2B (Set 1)

    SGD 39.90 Add to cart

    9 Apr 2026

    CMFAS RES 2B Exam Question

    Which of the following best describes “margin requirements” in derivatives trading under the Securities and Futures Act (SFA)?

    a) Margin requirements are the amount of capital a financial institution must hold to cover any potential losses on a derivative transaction.

    b) Margin requirements are designed to protect the client from any losses in the derivatives market.

    c) Margin requirements are set by the client, based on their own risk tolerance and trading strategy.

    d) Margin requirements are used to ensure that financial institutions are adequately capitalized to withstand potential default risks in derivatives transactions.

  • CMFAS RES 12B (Set 2)

    SGD 39.90 Add to cart

    9 Apr 2026

    CMFAS RES 12B Exam Question

    A dealer receives a client’s order to purchase a derivative product. However, the dealer is aware that the market conditions suggest the price may decline shortly after the trade is executed. Which of the following actions is considered a violation?

    a) The dealer executes the trade immediately, but informs the client of the risks and potential market changes.

    b) The dealer proceeds with the trade immediately, without informing the client about the anticipated market movement, to meet the client’s request.

    c) The dealer delays the execution of the order to seek a better price, keeping the client informed about the reasoning behind the delay.

    d) The dealer advises the client to reconsider the trade based on anticipated market conditions, but proceeds with the order if the client insists.

  • CMFAS RES 3 (Set 1)

    SGD 39.90 Add to cart

    9 Apr 2026

    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.