RES 1B — Rules, Ethics and Skills for Securities Dealers of Non-Exchange Members¶
Module Identifier¶
- New Exam Code: RES 1B
- New Exam Name: Rules, Ethics and Skills for Securities Dealers of Non-Exchange Members
- Replaces: Module 1B – Rules and Regulations for Dealing in Securities (Non 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 1B – Rules and Regulations for Dealing in Securities (Non SGX-ST Members) | RES 1B – Rules, Ethics and Skills for Securities Dealers of Non-Exchange Members |
| No. of Questions | 60 | 60 |
| Duration | 75 mins | 90 mins |
Add-on module¶
A new add-on module is available for candidates who require Singapore Exchange – Securities Trading Limited coverage:
- RES 1BE1 — Add-on Module for Singapore Exchange – Securities Trading Limited (40 questions, 60 minutes)
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 | RES 1B Fee | RES 1BE1 Add-on Fee |
|---|---|---|
| Corporate Member | $190 | $100 |
| Non-Corporate Member | $230 | $120 |
(Subject to GST at the prevailing rate.)
Syllabus details¶
Per the IBF announcement footnote for paragraph 5.2: "Details of exam syllabus for new exam modules (i.e. RES1BE1, RES2B, RES2BE1, RES2BE2, RES2BE3, RES12B and CM-CMP) will be made 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.