CMFAS RES 5 (Set 1)
SGD 39.90
4 Sep 2025
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.
You may also like…
-
CMFAS RES 5 (Set 2)
SGD 39.90 Add to cart4 Sep 2025
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
Related products
-
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
-
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
-
CMFAS RES 3 (Set 2)
SGD 39.90 Add to cart4 Sep 2025
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.
