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CMFAS Exams

Appendix H — Essential readings

Use the primary material rather than treating the study guide as a substitute for law. The readings include:

  • Securities and Futures Act;
  • Securities and Futures (Licensing and Conduct of Business) Regulations;
  • Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations;
  • Guidelines on Criteria for the Grant of a CMS Licence (SFA 04-G01);
  • Guidelines on Fit and Proper Criteria (FSG-01);
  • MAS Notice on Reporting of Misconduct of Representatives (04-N11);
  • MAS Notice on Competency Requirements for Representatives (04-N22);
  • MAS circular on due-diligence checks and documentation for appointed, provisional and temporary representatives;
  • MAS Notice on Sale of Investment Products (SFA 04-N12);
  • Banking Secrecy Act and Personal Data Protection Act;
  • CPF Investment Scheme materials;
  • Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act;
  • Mutual Assistance in Criminal Matters Act;
  • Terrorism (Suppression of Financing) Act;
  • MAS capital-markets AML/CFT notice SFA04-N02 and its guidelines;
  • MAS Notice 626 for banks;
  • Income Tax Act and Goods and Services Tax Act; and
  • the applicable MAS and SGX rules and guidance.

These materials were identified in the source as available from Singapore Statutes Online, MAS or CPF. Treat the current statutory text and MAS/SGX rules as authoritative for live practice.