CMFAS RES5 practice questions and mock papers.

CMFAS stands for Capital Markets and Financial Advisory Services: the licensing examinations the Monetary Authority of Singapore (MAS) requires before you can be appointed as a representative. It is not one exam but a set of modules. SCI administers the financial-advisory papers, such as RES5, M9 and HI; IBF administers the capital-markets papers, such as RES 1A and RES 2B. Which modules you need depends on the products you will advise on or deal in.

RES5 — "Rules, Ethics & Skills for Financial Advisory Services" — is a module under the Capital Markets and Financial Advisory Services (CMFAS) examinations regulated by the Monetary Authority of Singapore (MAS) and administered by the Singapore College of Insurance (SCI). Passing it is a licensing requirement for individuals providing financial advisory services. It is organised into Part I · Rules & Regulations and Part II · Ethics & Skills.

SCI publishes RES5 as 150 multiple-choice questions over 3 hours: 110 in Part I · Rules & Regulations and 40 in Part II · Ethics & Skills. The pass mark is two separate hurdles — at least 75% on Part I and at least 80% on Part II — and you must clear both, so a strong Part I cannot rescue a weak Part II. Figures are set by SCI and can change; confirm the current format on the official SCI RES5 page before you register.

As at 11 Nov 2026, SCI charges S$218.00 per RES5 attempt including GST (non-member rate for a weekday 9am to 5pm session; after-5pm and weekend sessions cost more), or S$185.30 if your company is an SCI or IBF member and registers you. Every re-sit costs the full fee again. RES5 is run by the Singapore College of Insurance (SCI). Register and pay online at scicollege.org.sg (Register for Exams); individual online registration is paid by Visa or Mastercard. There is no limit on attempts. RES5 sittings run daily on weekdays; there is no fixed national exam date.

RES5 is demanding mainly because of its breadth — the Financial Advisers Act, MAS notices and guidelines, conduct-of-business rules, product classifications and ethics all sit within scope, and questions often turn on a fine distinction. Study time varies by background; consistent timed practice and full mock exams are typically the most reliable way to get exam-ready.

No — and that's by design. SCI does not release past papers. Every question here is original study material written to match the public RES5 syllabus in topic, style and difficulty, so it's fully legitimate to use. This is unofficial prep and is not endorsed by MAS or SCI.

Yes. The question bank spans the RES5 syllabus across both parts, from the Financial Advisers Act, regulations and MAS notices in Part I · Rules & Regulations through to Part II · Ethics & Skills.

A full free account with access to free questions across every topic, instant grading and worked explanations, and progress tracking — enough to see exactly how it helps before you pay.

The complete question bank including harder, exam-weighted items, full timed mock-exam mode, and readiness analytics to tell you when you're ready to sit the real thing.