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M1A (Set 1)
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4 Feb 2026
CMFAS M1A Exam Question:A Capital Market Services (CMS) Licence Holder for dealing in securities can trade on a stock market if it entered into a transaction on behalf of a principal whereby the instruction of the principal:
a) was allowed by the CMS Licence Holder.
b) was advised by the CMS Licence Holder.
c) was not solicited by the CMS Licence Holder.
d) was not incited by the CMS Licence Holder.
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M6 (Set 1)
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4 Feb 2026
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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FMRP (Set 1)
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4 Feb 2026
FMRP Exam Question:Which of the following statements is FALSE regarding rollovers of foreign exchange transactions at off-market rates?
a) Maturing forward contracts can be extended or rollover-ed.
b) The current market spot rate should be used to liquidate the maturing contract and used as a base from which the new forward rate is derived.
c) The use of off-market rates is strongly discouraged.
d) Deals done at off-market rates may be used as a means to conceal profit or loss, or to perpetuate a fraud.
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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.

