
M6 (Set 1)
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4 Feb 2026
CMFAS M6 Mock 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

M3 (Set 2)
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4 Feb 2026
CMFAS M3 Mock 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.

M5 (Set 2)
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4 Feb 2026
CMFAS M5 Mock Question:
A financial adviser must disclose all of the following except:
a) any lien imposed on a life policy.
b) the bid and offer prices of a collective investment scheme with a single pricing scheme.
c) the risk factors that may result in the benefits payable to be less than that illustrated in the benefit illustration.
d) whether the units of a collective investment scheme will be priced on a historical or forward basis.

M1B (Set 2)
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4 Feb 2026
CMFAS M1B Mock Question:
Which stage of the money laundering process refers to the creation of financial transactions designed to disguise the audit trail of money laundering?
a) Placement stage
b) Layering stage
c) Integration stage
d) Transfer stage