CM-EIP — Capital Markets – Excluded Investment Products – Securities, Collective Investment Schemes (EIP) and Foreign Exchange¶
Module Identifier¶
- New Exam Code: CM-EIP
- New Exam Name: Capital Markets – Excluded Investment Products – Securities, Collective Investment Schemes (EIP) and Foreign Exchange
- Replaces: Module 6 – Securities Products and Analysis
- Module type: Product Knowledge Exam
- Effective: 1 April 2024 (under MAS Notice SFA 04-N22 and MAS Notice FAA-N26)
Format (per IBF announcement)¶
| Item | Current (pre-1 Apr 2024) | New (from 1 Apr 2024) |
|---|---|---|
| Exam name | Module 6 – Securities Products and Analysis | CM-EIP – Capital Markets – Excluded Investment Products – Securities, Collective Investment Schemes (EIP) and Foreign Exchange |
| No. of Questions | 100 | 90 |
| Duration | 120 mins | 150 mins |
Passing mark¶
70% for the CMFAS Product Knowledge Exam modules (passing marks remain unchanged from the pre-1 Apr 2024 regime).
Exam fees (excl GST)¶
| Member type | Fee |
|---|---|
| Corporate Member | $190 |
| Non-Corporate Member | $230 |
(Subject to GST at the prevailing rate.)
Naming convention (verbatim from announcement §5.1)¶
(b) The exam modules on "Product Knowledge" will be renamed accordingly to reflect the new securities and derivatives product classifications under the SFA.
Syllabus details¶
Per the IBF announcement: per-module syllabus details are available on IBF website from 1 February 2024. See https://www.ibf.org.sg for the syllabus PDF.
Authoritative source¶
This module is published by IBF in the announcement "Implementation of New Capital Markets and Financial Advisory Services Examinations (CMFAS Exams)" dated 28 September 2023 (MAS Notice issuance) with the new CMFAS regime effective 1 April 2024. The applicable CMFAS Exams for each regulated activity (with effect from 1 April 2024) are set out in MAS Notice SFA 04-N22.