RES 3 (Set 2)
$19.90
4 Feb 2026
CMFAS RES 3 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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CMFAS RES 3 Mock Question:An individual who is engaged in central dealing for funds managed by related entities of a Licensed Fund Managed Company (LFMC) can be any of the following types of representatives except:
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b) external representatives
c) provisional representatives
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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.
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BCP Set A
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BCP Mock Question:Which of the following statements about ‘common law’ is NOT TRUE?
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c) It can be modified or abolished by statute law.
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