M8A (Set 1)
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4 Feb 2026
CMFAS M8A Mock Question:
Which of the following statements regarding futures contracts is false?
a) They are standardised contracts traded on exchanges.
b) They are subject to margin requirements.
c) Mark-to-market occurs on a daily basis.
d) Settlement of gains or losses only occurs on delivery date.
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M8A (Set 2)
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4 Feb 2026
CMFAS M8A Mock Question:When the futures price is lower than the spot price, the situation is known as:
a) Contango
b) Backwardation
c) Basis
d) Variation
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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.
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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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M1A (Set 1)
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4 Feb 2026
CMFAS M1A Mock 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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M1B (Set 1)
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4 Feb 2026
CMFAS M1B Mock Question:A person who is aware of an investigation regarding a money laundering case and discloses to any other person information which is likely to prejudice the investigation is guilty of a:
a) money laundering offence.
b) tipping-off offence.
c) suspicious transaction reporting (STR) offence.
d) failure to comply with Production Order offence.
