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  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.

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  PGI Set A

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  4 Feb 2026
  PGI Mock Question:

  Which of the following statements regarding Blanket Coverage is FALSE?

  a) The insurer will pay the amount required to repair or replace the article less depreciation

  b) The insurer will not pay more than the amount of blanket coverage in the category

  c) The insurer will not pay more than the amount of blanket limit per item for loss to any one article

  d) The insurer will pay the insured in cash the replacement cost of the article if mutually agreed upon

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  M5 M9 M9A

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  FMRP (Set 2)

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  4 Feb 2026
  FMRP Mock Question:

  Which of the following actions cannot be taken when a Broker cannot substantiate his quotation on an Interest Rate Swap?

  a) The Broker should close the deal at the next available price and settle the difference.

  b) In the absence of prior arrangements, differences are payable on spot date.

  c) The Broker can settle the difference by sending a cheque for the amount to the Principal.

  d) Principals can request that the deal be contracted at the original rate instead of receiving a settlement of the difference.