CMFAS RES 2B (Set 1)
SGD 39.90
4 Sep 2025
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.
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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 1B (Set 1)
SGD 39.90 Add to cart4 Sep 2025
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 4 (Set 1)
SGD 39.90 Add to cart4 Sep 2025
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 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.
