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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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M6A (Set 2)
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4 Feb 2026
CMFAS M6A Exam Question:Which of the following occurs in an interest rate swap?
a) Net interest payments are made and the notional principal is swapped.
b) Net interest payments are made.
c) Notional principal is returned.
d) Net notional principal is swapped.
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M8, M8A, CGI Set A, CGI Set B
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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.

