RES 1A — Rules, Ethics and Skills for Securities Exchange Dealers¶
Module Identifier¶
- New Exam Code: RES 1A
- New Exam Name: Rules, Ethics and Skills for Securities Exchange Dealers
- Replaces: Module 1A – Rules and Regulations for Dealing in Securities (SGX-ST Members)
- 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 1A – Rules and Regulations for Dealing in Securities (SGX-ST Members) | RES 1A – Rules, Ethics and Skills for Securities Exchange Dealers |
| No. of Questions | 100 | 80 |
| Duration | 120 mins | 120 mins |
Passing mark¶
75% for the CMFAS RES and RESP 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¶
Per paragraph 5.1 of the IBF Implementation of New CMFAS Exams announcement:
(a) The exam modules on "Rules & Regulations" will be renamed to "Rules, Ethics and Skills (RES)"; and
(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¶
The current IBF announcement source for this entry sets out the module name, question count, duration and fee. Per-module syllabus PDFs were scheduled for release on the 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.