FOR WHOM. In compliance with the requirements laid down by the Monetary Authority of Singapore, individuals intending to provide any financial advisory. CMFAS M5 Exam Guide. Your CMFAS Guide to Rules and Regulations on Financial Advisory Services. Test your M5 Knowledge. The CMFAS Examinations are the licensing examinations for the capital markets and financial advisory services in Singapore. After successfully completing the.

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Designated Investment Products When making a recommendation on any designated investment product to a client, a financial adviser is required to disclose the following information to the client in a form and manner that is clear, adequate and not false or misleading: Like us on facebook.

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Buying a HDB Flat. Pages Home About Me. Mister Exam does not warrant the accuracy, adequacy, timeliness or completeness of such information or materials and expressly disclaims any liability for errors or omissions. The difference between Notices and Regulations is that Notices specify in more detail the standards expected of financial advisers in the conduct of their business.

CMFAS M5 – Mister Exam

FAA deals with representations by a financial adviser in relation to a proposed contract of insurance with the insurer. Unknown November 24, at 8: Chapter 5 – Development and Pricing of Insurance Products.

Can I do it after retirement?

There is quite a wide array of exam revision topics and guide, and some portions are extremely detailed, such as M5 and M6 notes. Lvl 1 – Accounting Basics. My id is deepa.

Hi David, I am taking the M5 paper in 2 weeks. No mark will be awarded or cfmas for any wrong or blank answer.


One mark will be awarded for each correct answer. MAS Acts and Regulations. Because Guidelines set out general guidance and good practice, they do not create ccmfas legally enforceable obligations or duties. A financial adviser shall submit to the MAS, not later than 14 days after the end of each quarter, reports of any disciplinary action taken against its representatives for misconduct including formal warnings issued to the representatives during the preceding quarter: Hi David, Cmcas you still have mock paper?

Thank you in advance.

It also sets out specific requirements as to the form and manner of disclosure that financial advisers have to comply with in relation to Sections 25 and 26 of the Act, as well as to the following matters: Financial Advisers Act and Financial Advisers Regulation Financial Advisers Act FAA governs financial advisory activities in respect of investment products, and the distribution or marketing of life policies and collective investment schemes, such as unit trusts consolidates various Acts into a single legislation provides a consistent set of requirements and regulations for intermediaries engaging in similar activities cmfa investment products provides an integrated regulatory framework and ensures consistency in requirements and uniform standards across institutions providing financial advice.

Lionel August 14, at 9: Documentation And Record Keeping A financial adviser is required to furnish the following documents to a client when making a recommendation: If a financial adviser charges a fee, it should disclose to the client details of the charges at the outset. Hello, if you all cfas m5 paper can email me at sheshouts- hotmail.


A financial adviser which engages the services cfas an introducer should institute adequate control systems and procedures. Price Elasticity of Demand. Shreekkanth Bhaskaran September 10, mcfas 8: Chapter 8 – Money Laundering. Anonymous September 5, at Insurance Broking Premium Accounts Financial advisers which receive any insurance monies are required to establish and maintain a separate account with a bank licensed under the Banking Act for its life insurance broking premiums.

SS2 Ethics in Practice.

Anyone took m5 paper? –

Anonymous March 1, at 3: The source of data used in the illustration should be provided by the product provider or an independent agency, and be made known to the client; when advising on a life policy, it should make reference to the Benefit Illustration in respect of that life policy where a Benefit Illustration is available in respect of that life policy ; and when advising on a collective investment scheme, it should not make any prediction, projection or forecast on the future or the likely performance of the collective investment scheme, except to the extent permitted under Clause 1 of Appendix 3B of the text.

The cost of the questions are well worth the money spent. Chapter 4 – MAS Guidelines.

Do you mind helping me by sending me the mock paper as I am struggling quite abit. Anonymous June 7, at 9: Financial Advisers Act Cap. Just took the test: The objectives of this prohibition are cmfae