
M1A (Set 2)
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4 Feb 2026
CMFAS M1A Mock Question:
Which of the following statements regarding a Designated Market-Maker is FALSE?
a) All trades done by a Designated Market-Maker in any Specified Securities must be routed through a CMS licence holder.
b) A person must be registered with SGX-ST as a market-making representative to receive and execute orders on behalf of the Designated Market-Maker.
c) A Designated Market-Maker must submit periodic returns as SGX-ST requires.
d) A CMS licence holder must not execute a contract on SGX-ST unless it is qualified by a Clearing Member.

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