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  BCP Exam Question:

  Which of the following statements about ‘common law’ is NOT TRUE?

  a) It is sometimes called ‘unwritten law’.

  b) It consists of generally accepted rules and requirements that a civilized society will consider automatic.

  c) It can be modified or abolished by statute law.

  d) It cannot be modified by the mutual agreement of parties to a contract.

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  M6 (Set 1)

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  CMFAS M6 Exam Question:

  Which of the following types of equity securities has the lowest risk?

  a) Ordinary shares

  b) Non-ordinary shares

  c) Non-voting shares

  d) Preference shares

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  M3 (Set 2)

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  4 Feb 2026
  CMFAS M3 Exam Question:

  Which of the following is NOT a criteria for Fund Managed Companies (FMCs) to meet?

  a) An FMC should ensure that the minimum competency requirements are met.

  b) An FMC should satisfy MAS that its shareholders, directors, representatives and employees, as well as the FMC itself, are fit and proper.

  c) An FMC carrying out fund management on behalf of any customer other than an accredited or institutional investor does not need to meet the base capital thresholds.

  d) An FMC should have in place compliance arrangements that are commensurate with the nature, scale and complexity of its business.

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  M6 (Set 2)

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  4 Feb 2026
  CMFAS M6 Exam Question:

  Which of the following statements regarding Convertible Bonds is FALSE?

  a) They have greater appreciation potential than corporate bonds.

  b) They are less vulnerable to losses if the issuer defaults compared to corporate bonds.

  c) Holders of convertible bonds have a lower priority to claim the issuing company’s assets than investors in corporate bonds.

  d) They typically offer lower yields than corporate bonds.